J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $135.00 by Analysts at Barclays

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price reduced by Barclays from $145.00 to $135.00 in a research note issued to investors on Thursday morning, Marketbeat.com reports. They currently have an equal weight rating on the transportation company’s stock.

Several other research firms also recently issued reports on JBHT. Evercore ISI dropped their price target on J.B. Hunt Transport Services from $159.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday. Raymond James Financial lifted their price target on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Susquehanna dropped their price target on J.B. Hunt Transport Services from $157.00 to $145.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. JPMorgan Chase & Co. lifted their price target on J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, UBS Group downgraded J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and lifted their price target for the company from $155.00 to $157.00 in a research note on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $160.86.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $134.20 on Thursday. The business’s 50-day moving average price is $140.82 and its two-hundred day moving average price is $141.43. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The firm has a market cap of $12.99 billion, a PE ratio of 24.40, a P/E/G ratio of 2.07 and a beta of 1.24. J.B. Hunt Transport Services has a 1-year low of $122.79 and a 1-year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.32 earnings per share. As a group, research analysts forecast that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. J.B. Hunt Transport Services’s payout ratio is currently 32.00%.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the transaction, the executive vice president directly owned 946 shares in the company, valued at approximately $143,763.62. The trade was a 51.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Eric Mcgee bought 1,148 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the purchase, the executive vice president directly owned 7,397 shares in the company, valued at $1,041,201.72. This trade represents a 18.37% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Summit Securities Group LLC boosted its stake in shares of J.B. Hunt Transport Services by 19,600.0% during the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock worth $29,000 after acquiring an additional 196 shares during the period. Private Trust Co. NA boosted its stake in shares of J.B. Hunt Transport Services by 57.8% during the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after acquiring an additional 74 shares during the period. CYBER HORNET ETFs LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $31,000. Assetmark Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 418.6% during the second quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 180 shares during the period. Finally, MUFG Securities EMEA plc bought a new stake in shares of J.B. Hunt Transport Services during the second quarter worth approximately $34,000. 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.