J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $170.00 Price Target at Barclays

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target decreased by Barclays from $200.00 to $170.00 in a research note released on Wednesday, Benzinga reports. Barclays currently has an equal weight rating on the transportation company’s stock.

A number of other research analysts also recently weighed in on JBHT. Susquehanna decreased their price target on J.B. Hunt Transport Services from $200.00 to $195.00 and set a neutral rating for the company in a research note on Monday, March 25th. Benchmark restated a buy rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, March 13th. Robert W. Baird restated an outperform rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Evercore ISI decreased their price target on J.B. Hunt Transport Services from $218.00 to $199.00 and set an outperform rating for the company in a research note on Wednesday. Finally, Stephens decreased their price target on J.B. Hunt Transport Services from $210.00 to $192.00 and set an overweight rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of Moderate Buy and a consensus target price of $197.39.

J.B. Hunt Transport Services Stock Down 8.1 %

Shares of J.B. Hunt Transport Services stock opened at $168.13 on Wednesday. The business’s 50 day simple moving average is $199.89 and its 200 day simple moving average is $193.17. J.B. Hunt Transport Services has a 52-week low of $160.07 and a 52-week high of $219.51. The firm has a market cap of $17.37 billion, a PE ratio of 24.12, a P/E/G ratio of 1.62 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.17.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. On average, analysts predict that J.B. Hunt Transport Services will post 7.61 earnings per share for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In other news, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Keefauver sold 978 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $205.06, for a total value of $200,548.68. Following the completion of the sale, the executive vice president now owns 1,119 shares of the company’s stock, valued at $229,462.14. The disclosure for this sale can be found here. Insiders sold 20,432 shares of company stock worth $4,309,687 in the last ninety days. 2.10% of the stock is owned by company 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. Vanguard Group Inc. raised its holdings in J.B. Hunt Transport Services by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock valued at $1,946,400,000 after acquiring an additional 80,123 shares in the last quarter. BlackRock Inc. raised its holdings in shares of J.B. Hunt Transport Services by 6.8% during the 1st quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock worth $1,178,160,000 after buying an additional 429,256 shares in the last quarter. Morgan Stanley raised its holdings in shares of J.B. Hunt Transport Services by 269.1% during the 4th quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock worth $413,514,000 after buying an additional 1,728,989 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 3.0% during the 4th quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock worth $433,186,000 after buying an additional 62,313 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of J.B. Hunt Transport Services by 184.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after buying an additional 1,397,651 shares in the last quarter. 74.95% of the stock is 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.