J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $165.00 by Analysts at Barclays

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective dropped by stock analysts at Barclays from $180.00 to $165.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price points to a potential upside of 10.13% from the company’s current price.

Several other equities research analysts have also issued reports on JBHT. UBS Group decreased their price target on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Benchmark decreased their price objective on shares of J.B. Hunt Transport Services from $195.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday. Evercore ISI dropped their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Stephens restated an “overweight” rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.55.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $149.82 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services has a 12 month low of $144.34 and a 12 month high of $200.40. The firm has a market capitalization of $14.98 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. The firm has a fifty day simple moving average of $161.29 and a two-hundred day simple moving average of $171.83.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.47 earnings per share. Analysts forecast that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the firm’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 transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. iA Global Asset Management Inc. boosted its position in shares of J.B. Hunt Transport Services by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after acquiring an additional 55 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of J.B. Hunt Transport Services by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock valued at $878,000 after purchasing an additional 61 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of J.B. Hunt Transport Services by 8.0% in the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock worth $140,000 after purchasing an additional 61 shares during the period. Blue Trust Inc. increased its position in shares of J.B. Hunt Transport Services by 18.6% during the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 84 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after buying an additional 86 shares during the period. 74.95% of the stock is currently owned by 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.