Barclays Cuts J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $165.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price trimmed by Barclays from $180.00 to $165.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

JBHT has been the topic of several other research reports. Susquehanna downgraded shares of J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $200.00 to $165.00 in a research note on Wednesday, March 26th. Benchmark dropped 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 report on Tuesday. Bank of America reduced their target price on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Raymond James lowered their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Finally, UBS Group reduced their price objective on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.55.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $134.66 on Wednesday. J.B. Hunt Transport Services has a 1 year low of $127.35 and a 1 year high of $200.40. The company has a fifty day simple moving average of $159.46 and a 200 day simple moving average of $171.23. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The company has a market cap of $13.47 billion, a P/E ratio of 24.22, a P/E/G ratio of 1.61 and a beta of 1.16.

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

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.31%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.65%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the 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 directly owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31 % 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 large investors have recently bought and sold shares of the company. National Pension Service acquired a new stake in J.B. Hunt Transport Services during the 4th quarter worth $30,000. BankPlus Trust Department bought a new stake in J.B. Hunt Transport Services in the fourth quarter valued at about $34,000. Versant Capital Management Inc lifted its stake in J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after buying an additional 134 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.