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 dropped by UBS Group from $211.00 to $196.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s price objective points to a potential upside of 12.48% from the company’s current price.

Several other analysts have also commented on JBHT. Citigroup dropped their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a report on Friday. Loop Capital raised their price objective on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Wells Fargo & Company dropped their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Bank of America upped their price objective on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average target price of $191.67.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT traded down $11.95 on Friday, hitting $174.25. 2,311,707 shares of the company’s stock traded hands, compared to its average volume of 952,873. The firm’s 50-day moving average price is $180.47 and its two-hundred day moving average price is $173.76. The firm has a market capitalization of $17.57 billion, a PE ratio of 31.69, a P/E/G ratio of 2.94 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 earnings per share. As a group, analysts expect that J.B. Hunt Transport Services will post 5.67 EPS for the current year.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the transaction, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. This trade represents a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Darren P. Field sold 1,500 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock worth $2,136,277 in the last ninety days. Insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services during the third quarter valued at about $26,000. True Wealth Design LLC increased its holdings in J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 142 shares during the last quarter. Cromwell Holdings LLC raised its position in J.B. Hunt Transport Services by 47.2% in the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 76 shares during the period. Versant Capital Management Inc lifted its stake in J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after purchasing an additional 142 shares in the last quarter. Finally, Huntington National Bank boosted its position in shares of J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after buying an additional 61 shares during the period. 74.95% of the stock is currently 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.