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

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target lowered by equities research analysts at Barclays from $200.00 to $170.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Barclays‘s target price points to a potential upside of 3.53% from the stock’s current price.

A number of other analysts have also weighed in on JBHT. 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. Robert W. Baird restated an “outperform” rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Susquehanna cut their target price on J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. Evercore ISI decreased their price target on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Stephens cut their price objective on shares of 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $194.56.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $164.20 on Wednesday. J.B. Hunt Transport Services has a 1-year low of $160.07 and a 1-year high of $219.51. The business has a 50-day moving average price of $198.90 and a 200 day moving average price of $192.97. The company has a market capitalization of $16.96 billion, a P/E 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 current ratio of 1.17 and a quick ratio of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly 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). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.40%. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the prior year, the firm posted $1.92 EPS. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that J.B. Hunt Transport Services will post 7.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Alfred C. Harper sold 6,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the transaction, the insider now directly owns 42,411 shares in the company, valued at $9,021,243.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 in the company, valued at approximately $2,244,381. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the transaction, the insider now directly owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,432 shares of company stock valued at $4,309,687. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted 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 buying an additional 518 shares in the last quarter. Private Advisor Group LLC lifted its holdings in J.B. Hunt Transport Services by 15.8% during the first quarter. Private Advisor Group LLC now owns 1,562 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 213 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of J.B. Hunt Transport Services by 16.2% in the first quarter. Panagora Asset Management Inc. now owns 2,428 shares of the transportation company’s stock valued at $488,000 after purchasing an additional 339 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of J.B. Hunt Transport Services by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,241 shares of the transportation company’s stock worth $2,257,000 after purchasing an additional 696 shares in the last quarter. Finally, Yousif Capital Management LLC raised 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 worth $2,661,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors 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.