J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $150.00 at Wells Fargo & Company

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) had its price target dropped by equities researchers at Wells Fargo & Company from $170.00 to $150.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the transportation company's stock. Wells Fargo & Company's price target indicates a potential upside of 20.52% from the company's previous close.

Several other equities research analysts have also recently weighed in on the company. Susquehanna cut 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 research note on Wednesday, March 26th. The Goldman Sachs Group lowered their price target on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. TD Cowen cut their price objective on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price target 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 note on Friday, January 17th. Finally, UBS Group reduced 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 analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $162.20.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $4.77 during midday trading on Wednesday, reaching $124.46. 559,719 shares of the stock traded hands, compared to its average volume of 935,732. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services has a 12 month low of $122.79 and a 12 month high of $200.40. The stock's fifty day moving average is $150.62 and its 200-day moving average is $168.08. The stock has a market cap of $12.45 billion, a P/E ratio of 22.38, a PEG ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results 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. 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, equities research analysts anticipate that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This 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 company insiders.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Morse Asset Management Inc purchased a new position in J.B. Hunt Transport Services in the 3rd quarter worth $86,000. MML Investors Services LLC lifted its holdings in shares of J.B. Hunt Transport Services by 4.4% during the third quarter. MML Investors Services LLC now owns 4,667 shares of the transportation company's stock worth $804,000 after purchasing an additional 195 shares during the period. Barclays PLC boosted its position in J.B. Hunt Transport Services by 37.5% in the third quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock valued at $40,698,000 after buying an additional 64,380 shares during the last quarter. M&T Bank Corp increased its holdings in J.B. Hunt Transport Services by 7.8% in the 3rd quarter. M&T Bank Corp now owns 3,586 shares of the transportation company's stock worth $618,000 after buying an additional 261 shares during the period. Finally, Sanctuary Advisors LLC raised its position in J.B. Hunt Transport Services by 42.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,047 shares of the transportation company's stock worth $1,103,000 after buying an additional 1,789 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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.