Wells Fargo & Company Issues Pessimistic Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price objective reduced by stock analysts at Wells Fargo & Company from $170.00 to $150.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's target price indicates a potential upside of 16.07% from the company's current price.

JBHT has been the subject of a number of other research reports. The Goldman Sachs Group lowered their target price on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Raymond James dropped their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Benchmark reiterated a "buy" rating and issued a $175.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday. Susquehanna lowered shares of J.B. Hunt Transport Services from a "positive" rating to a "neutral" rating and decreased their price target for the company from $200.00 to $165.00 in a research report on Wednesday, March 26th. Finally, UBS Group cut their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.20.

J.B. Hunt Transport Services Stock Up 3.6 %

NASDAQ JBHT traded up $4.50 on Wednesday, reaching $129.23. 1,950,062 shares of the stock traded hands, compared to its average volume of 939,167. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services has a 12 month low of $122.79 and a 12 month high of $200.40. The company has a fifty day moving average price of $150.62 and a 200-day moving average price of $168.08.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. As a group, research analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

Insider Activity

In related news, Director James K. Thompson sold 4,400 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

A number of hedge funds have recently bought and sold shares of JBHT. Wellington Management Group LLP raised its stake in shares of J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after buying an additional 1,024,295 shares during the period. Norges Bank purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at $146,618,000. Demars Financial Group LLC grew its position in shares of J.B. Hunt Transport Services by 16,964.6% in the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock valued at $104,113,000 after purchasing an additional 606,484 shares during the period. Thrivent Financial for Lutherans raised its position in shares of J.B. Hunt Transport Services by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock worth $163,237,000 after purchasing an additional 503,324 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its stake in J.B. Hunt Transport Services by 2,408.1% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company's stock valued at $36,502,000 after buying an additional 205,360 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.