J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $170.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by Barclays from $200.00 to $170.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s price objective would suggest a potential upside of 1.11% from the company’s current price.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. dropped their target price on J.B. Hunt Transport Services from $220.00 to $212.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. Susquehanna dropped their price objective on J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. UBS Group dropped their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a report on Wednesday. Raymond James raised their price objective on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $197.39.

J.B. Hunt Transport Services Stock Down 8.1 %

NASDAQ:JBHT traded down $14.86 during trading hours on Wednesday, hitting $168.13. The company’s stock had a trading volume of 3,720,800 shares, compared to its average volume of 803,560. The stock has a market capitalization of $17.37 billion, a P/E ratio of 24.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11. The stock has a fifty day moving average of $200.81 and a 200-day moving average of $193.34. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. 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 posted its earnings results on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.27). The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the company earned $1.92 EPS. On average, equities analysts forecast that J.B. Hunt Transport Services will post 7.61 earnings per share for the current year.

Insider Activity at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,744,090.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at approximately $1,744,090.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Kuhlow sold 3,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 10,537 shares of the company’s stock, valued at $2,244,381. The disclosure for this sale can be found here. Insiders sold a total of 20,432 shares of company stock worth $4,309,687 over the last 90 days. Company insiders own 2.10% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors have recently made changes to their positions in JBHT. Morgan Stanley grew its stake 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 valued at $413,514,000 after buying an additional 1,728,989 shares during the period. JPMorgan Chase & Co. grew its stake 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 valued at $406,215,000 after buying an additional 1,397,651 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of J.B. Hunt Transport Services by 7,720.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after buying an additional 971,124 shares during the period. Norges Bank acquired a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at $185,299,000. Finally, BlackRock Inc. lifted 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 valued at $1,178,160,000 after acquiring an additional 429,256 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other 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.