J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Cut to $135.00 by Analysts at Barclays

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price reduced by Barclays from $145.00 to $135.00 in a research report report published on Thursday, Marketbeat.com reports. Barclays currently has an equal weight rating on the transportation company’s stock.

Several other analysts have also recently issued reports on the stock. Robert W. Baird began coverage on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They set an “outperform” rating and a $169.00 price target on the stock. The Goldman Sachs Group set a $164.00 target price on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price target on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Baird R W upgraded J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Tuesday, July 1st. Finally, Citigroup reissued a “buy” rating and set a $170.00 target price (down from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $160.62.

J.B. Hunt Transport Services Trading Up 2.8%

JBHT opened at $137.95 on Thursday. J.B. Hunt Transport Services has a 52 week low of $122.79 and a 52 week high of $200.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $140.59 and a 200-day simple moving average of $141.32. The firm has a market cap of $13.35 billion, a P/E ratio of 25.08, a P/E/G ratio of 2.15 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the firm posted $1.32 EPS. J.B. Hunt Transport Services’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities analysts expect that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 32.00%.

Insider Buying and Selling

In other news, EVP Eric Mcgee acquired 1,148 shares of the business’s stock in a transaction on Monday, August 4th. The stock was bought at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares in the company, valued at $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Keefauver sold 989 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares of the company’s stock, valued at $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in J.B. Hunt Transport Services by 13.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 1,209 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of J.B. Hunt Transport Services in the 1st quarter valued at approximately $1,746,000. Bessemer Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock valued at $97,000 after buying an additional 120 shares in the last quarter. SG Americas Securities LLC grew its holdings in J.B. Hunt Transport Services by 179.8% during the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock worth $590,000 after acquiring an additional 2,564 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in J.B. Hunt Transport Services by 8.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after acquiring an additional 494 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

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.