J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Raised to $205.00 at Stifel Nicolaus

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective upped by equities researchers at Stifel Nicolaus from $201.00 to $205.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 3.87% from the company’s previous close.

JBHT has been the subject of a number of other research reports. Vertical Research lowered J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 target price for the company. in a report on Thursday, January 8th. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and increased their price objective for the company from $160.00 to $240.00 in a research report on Thursday, January 8th. Barclays boosted their target price on J.B. Hunt Transport Services from $150.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Morgan Stanley upped their target price on shares of J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Finally, TD Cowen reissued a “hold” rating on shares of J.B. Hunt Transport Services in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average price target of $205.45.

J.B. Hunt Transport Services Stock Down 0.1%

J.B. Hunt Transport Services stock traded down $0.20 during mid-day trading on Thursday, reaching $213.24. The stock had a trading volume of 103,434 shares, compared to its average volume of 1,035,033. The company has a 50-day moving average price of $215.42 and a two-hundred day moving average price of $187.40. The company has a market capitalization of $20.17 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 1.73 and a beta of 1.22. J.B. Hunt Transport Services has a one year low of $122.79 and a one year high of $236.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.81.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm earned $1.53 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $219.76, for a total transaction of $1,977,840.00. Following the completion of the sale, the executive vice president directly owned 10,736 shares of the company’s stock, valued at approximately $2,359,343.36. This represents a 45.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nicholas Hobbs sold 3,038 shares of the stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $201.97, for a total transaction of $613,584.86. Following the completion of the transaction, the chief operating officer owned 90,318 shares in the company, valued at $18,241,526.46. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 25,945 shares of company stock worth $5,656,495. 2.50% of the stock is currently owned by corporate insiders.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in J.B. Hunt Transport Services during the 4th quarter valued at approximately $32,000. Whittier Trust Co. lifted its holdings in shares of J.B. Hunt Transport Services by 39.1% in the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after buying an additional 50 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of J.B. Hunt Transport Services during the third quarter worth $25,000. CIBC Private Wealth Group LLC grew its stake in J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 48 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 198 shares during the last quarter. 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 is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.