Citigroup 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 research analysts at Citigroup from $204.00 to $193.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would indicate a potential upside of 11.92% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Raymond James lifted their target price on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Stephens reiterated an “overweight” rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday. BMO Capital Markets reissued 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. Bank of America boosted their target price on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus cut their price target on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $191.67.

J.B. Hunt Transport Services Trading Down 7.4 %

Shares of JBHT opened at $172.45 on Friday. The stock’s fifty day simple moving average is $180.08 and its 200-day simple moving average is $173.95. The firm has a market capitalization of $17.39 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released 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). 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 for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, research analysts predict that J.B. Hunt Transport Services will post 5.67 earnings per share for the current year.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the transaction, the executive vice president now directly owns 700 shares in the company, valued at $127,904. This trade represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock valued at $2,136,277 in the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

A number of large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in shares of J.B. Hunt Transport Services by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock worth $581,567,000 after purchasing an additional 22,563 shares during the last quarter. State Street Corp grew its holdings in J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after purchasing an additional 19,826 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in J.B. Hunt Transport Services by 6.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock worth $269,611,000 after buying an additional 105,500 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in J.B. Hunt Transport Services by 25.5% in the second 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 during the period. Finally, Parnassus Investments LLC lifted its position in shares of J.B. Hunt Transport Services by 14.1% in the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock valued at $129,765,000 after buying an additional 93,213 shares during the last quarter. Institutional investors and hedge funds 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.