UBS Group Issues Pessimistic Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective cut by UBS Group from $196.00 to $155.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective points to a potential upside of 19.94% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Stifel Nicolaus dropped their target price on J.B. Hunt Transport Services from $174.00 to $158.00 and set a “hold” rating on the stock in a research report on Monday. Bank of America cut their price objective on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. JPMorgan Chase & Co. lowered their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a “hold” rating and a $167.00 price target on the stock. Finally, Barclays decreased their price objective on 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. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $162.20.

J.B. Hunt Transport Services Stock Up 3.6 %

NASDAQ:JBHT opened at $129.23 on Wednesday. The company’s 50 day moving average is $151.38 and its two-hundred day moving average is $168.35. The company has a market cap of $12.92 billion, a PE ratio of 23.24, a P/E/G ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services has a twelve month low of $122.79 and a twelve month high of $200.40. 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 (NASDAQ:JBHT) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. Analysts anticipate that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Activity at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares in the company, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares of the company’s stock, valued at $2,881,282.74. The trade was a 6.31 % 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 corporate insiders.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. National Pension Service purchased a new stake in J.B. Hunt Transport Services during the 4th quarter valued at about $30,000. BankPlus Trust Department acquired a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $34,000. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 134 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after buying an additional 86 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

About J.B. Hunt Transport Services

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.