Wells Fargo & Company Has Lowered Expectations for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective decreased by research analysts at Wells Fargo & Company from $190.00 to $170.00 in a research report issued on Thursday, March 27th,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 21.72% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. Truist Financial initiated coverage on shares of J.B. Hunt Transport Services in a report on Thursday, March 13th. They set a “hold” rating and a $165.00 price objective on the stock. Citigroup decreased their price objective on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a “hold” rating and a $167.00 target price for the company. JPMorgan Chase & Co. cut their price objective on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, UBS Group cut their price target on shares of 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. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $181.55.

J.B. Hunt Transport Services Trading Down 8.6 %

Shares of NASDAQ JBHT traded down $13.12 during mid-day trading on Thursday, reaching $139.66. The company had a trading volume of 568,082 shares, compared to its average volume of 985,859. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. The business’s 50-day moving average is $160.85 and its 200-day moving average is $171.70. J.B. Hunt Transport Services has a 52 week low of $139.21 and a 52 week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities analysts expect that J.B. Hunt Transport Services will post 6.37 earnings per share 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 business’s stock in a transaction dated Tuesday, January 21st. The stock was 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 owns 23,559 shares of the company’s stock, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the transaction, the executive vice president now directly 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 insiders.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted its stake in J.B. Hunt Transport Services by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company’s stock valued at $578,572,000 after buying an additional 15,476 shares in the last quarter. State Street Corp boosted its stake in shares of J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after acquiring an additional 19,826 shares during the last quarter. Invesco Ltd. boosted its stake in shares of J.B. Hunt Transport Services by 5.1% in the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock worth $362,554,000 after acquiring an additional 104,019 shares during the last quarter. Geode Capital Management LLC increased its position in shares of J.B. Hunt Transport Services by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock worth $340,049,000 after purchasing an additional 8,968 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in J.B. Hunt Transport Services by 0.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company’s stock valued at $225,209,000 after purchasing an additional 8,725 shares during 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.