J.B. Hunt Transport Services (NASDAQ:JBHT) PT Lowered to $170.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price cut by equities researchers at Barclays from $200.00 to $170.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective would indicate a potential upside of 3.53% from the company’s current price.

A number of other equities analysts also recently weighed in on JBHT. Susquehanna lowered their price target on J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Stephens lowered their price target on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a research report on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, March 13th. UBS Group decreased their target price on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Stifel Nicolaus decreased their target price on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average price target of $194.56.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $164.20 on Wednesday. The business’s 50-day simple moving average is $198.90 and its 200 day simple moving average is $192.97. The firm has a market capitalization of $16.96 billion, a PE ratio of 26.06, a PEG ratio of 1.61 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 has a 52-week low of $160.07 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 16.40% and a net margin of 5.25%. J.B. Hunt Transport Services’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.92 EPS. As a group, sell-side analysts expect that J.B. Hunt Transport Services will post 7.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer bought 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $1,014,950. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other J.B. Hunt Transport Services news, CFO John Kuhlow sold 3,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the completion of the transaction, the chief financial officer now owns 10,537 shares of the company’s stock, valued at approximately $2,244,381. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Insiders sold 20,432 shares of company stock worth $4,309,687 over the last three months. Insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in J.B. Hunt Transport Services by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock worth $1,946,400,000 after buying an additional 80,123 shares in the last quarter. BlackRock Inc. boosted its stake in J.B. Hunt Transport Services by 6.8% in the first 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 lifted its position in J.B. Hunt Transport Services by 269.1% in the fourth quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock valued at $413,514,000 after purchasing an additional 1,728,989 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of J.B. Hunt Transport Services by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock valued at $433,186,000 after purchasing an additional 62,313 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of J.B. Hunt Transport Services by 184.6% in the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after purchasing an additional 1,397,651 shares during the last quarter. Hedge funds and other institutional investors 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.