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

J.B. Hunt Transport Services (NASDAQ:JBHTFree Report) had its price objective reduced by Barclays from $200.00 to $170.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an equal weight rating on the transportation company’s stock.

Several other brokerages have also issued reports on JBHT. Evercore ISI cut their price objective on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an outperform rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $220.00 to $212.00 and set an overweight rating for the company in a report on Thursday, December 21st. Benchmark restated a buy rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, March 13th. TD Cowen lowered their target price on J.B. Hunt Transport Services from $193.00 to $181.00 and set a hold rating for the company in a report on Wednesday. Finally, UBS Group lowered their target price on J.B. Hunt Transport Services from $234.00 to $211.00 and set a buy rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of Moderate Buy and an average price target of $194.24.

View Our Latest Research Report on J.B. Hunt Transport Services

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $167.30 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average price is $197.94 and its 200-day moving average price is $192.87. The firm has a market cap of $17.28 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.00 and a beta of 1.11. J.B. Hunt Transport Services has a 12 month low of $160.07 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last issued its earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.27). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the previous year, the company earned $1.92 earnings per share. The firm’s revenue was down 9.6% on a year-over-year basis. On average, equities research analysts expect that J.B. Hunt Transport Services will post 6.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Kuhlow sold 3,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the sale, the chief financial officer now directly owns 10,537 shares in the company, valued at $2,244,381. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,432 shares of company stock valued at $4,309,687. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

A number of institutional investors have recently modified their holdings of JBHT. HighTower Advisors LLC grew its position in shares of J.B. Hunt Transport Services by 10.0% during the 1st quarter. HighTower Advisors LLC now owns 5,673 shares of the transportation company’s stock valued at $1,139,000 after acquiring an additional 518 shares during the period. Private Advisor Group LLC grew its position in shares of J.B. Hunt Transport Services by 15.8% during the 1st quarter. Private Advisor Group LLC now owns 1,562 shares of the transportation company’s stock valued at $313,000 after acquiring an additional 213 shares during the period. Panagora Asset Management Inc. grew its position in shares of J.B. Hunt Transport Services by 16.2% during the 1st quarter. Panagora Asset Management Inc. now owns 2,428 shares of the transportation company’s stock valued at $488,000 after acquiring an additional 339 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of J.B. Hunt Transport Services by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,241 shares of the transportation company’s stock valued at $2,257,000 after acquiring an additional 696 shares during the period. Finally, Yousif Capital Management LLC grew its position in shares of J.B. Hunt Transport Services by 0.5% during the 1st quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock valued at $2,661,000 after acquiring an additional 60 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

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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.

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Analyst Recommendations for J.B. Hunt Transport Services (NASDAQ:JBHT)

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