J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $193.00 Price Target at Citigroup

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective cut by equities researchers at Citigroup from $204.00 to $193.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s target price would suggest a potential upside of 10.39% from the company’s current price.

Several other brokerages also recently issued reports on JBHT. TD Cowen cut their price objective on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research report on Friday. JPMorgan Chase & Co. reduced their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday. The Goldman Sachs Group cut their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Benchmark reiterated a “buy” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday. Finally, Barclays lifted their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $192.50.

J.B. Hunt Transport Services Stock Down 6.1 %

JBHT stock traded down $11.37 during midday trading on Friday, hitting $174.83. The company’s stock had a trading volume of 2,126,148 shares, compared to its average volume of 934,497. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The stock has a market capitalization of $17.63 billion, a P/E ratio of 31.79, a PEG ratio of 2.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The company’s fifty day moving average price is $180.47 and its 200 day moving average price is $173.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data 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). J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The business’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, equities research analysts predict that J.B. Hunt Transport Services will post 5.67 EPS for the current year.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This trade represents a 35.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares of the company’s stock, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,459 shares of company stock worth $2,136,277 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

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

Several large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after buying an additional 193,684 shares in the last quarter. Paloma Partners Management Co boosted its position in shares of J.B. Hunt Transport Services by 14,254.9% during the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock valued at $32,035,000 after acquiring an additional 184,601 shares during the last quarter. Mizuho Securities USA LLC grew its stake in J.B. Hunt Transport Services by 2,384.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock worth $25,297,000 after buying an additional 149,815 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of J.B. Hunt Transport Services by 155.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after buying an additional 134,476 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in J.B. Hunt Transport Services by 282.8% in the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock valued at $27,740,000 after acquiring an additional 128,283 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

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.