Stifel Nicolaus Has Lowered Expectations for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price target reduced by stock analysts at Stifel Nicolaus from $174.00 to $158.00 in a report released on Monday,Benzinga reports. The firm currently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' target price would indicate a potential upside of 22.26% from the company's current price.

A number of other equities analysts also recently commented on JBHT. Barclays reduced their price objective on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. UBS Group decreased their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Citigroup dropped their target price on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price target on shares of J.B. Hunt Transport Services from $190.00 to $170.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Finally, Susquehanna downgraded J.B. Hunt Transport Services from a "positive" rating to a "neutral" rating and reduced their price objective for the stock from $200.00 to $165.00 in a report on Wednesday, March 26th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $162.20.

J.B. Hunt Transport Services Stock Performance

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

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

Insider Buying and Selling

In related news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services 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 completion of the transaction, the executive vice president now owns 17,822 shares of the company's stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James K. Thompson sold 4,400 shares of the business's stock in a transaction that occurred 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 approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

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

A number of hedge funds have recently added to or reduced their stakes in JBHT. Arvest Bank Trust Division purchased a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $1,578,000. Smartleaf Asset Management LLC boosted its position in shares of J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after acquiring an additional 86 shares during the period. Abound Wealth Management grew its position in shares of J.B. Hunt Transport Services by 145,850.0% during the 4th quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock valued at $498,000 after purchasing an additional 2,917 shares in the last quarter. Keybank National Association OH bought a new position in J.B. Hunt Transport Services in the 4th quarter worth about $255,000. Finally, LPL Financial LLC raised its stake in J.B. Hunt Transport Services by 56.7% in the fourth quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock valued at $11,810,000 after purchasing an additional 25,034 shares in the last quarter. Institutional investors and hedge funds 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.