J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $160.00 at Barclays

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price objective trimmed by Barclays from $170.00 to $160.00 in a research note released 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. Evercore ISI dropped their price objective on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an outperform rating on the stock in a report on Wednesday. UBS Group dropped their price objective on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a buy rating on the stock in a report on Wednesday, April 17th. StockNews.com upgraded shares of J.B. Hunt Transport Services from a sell rating to a hold rating in a report on Monday, April 29th. JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an overweight rating on the stock in a report on Tuesday, July 9th. Finally, Wells Fargo & Company began coverage on shares of J.B. Hunt Transport Services in a report on Friday, June 7th. They set an overweight rating and a $185.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $183.25.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $164.18 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $16.94 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 2.52 and a beta of 1.14. The firm’s fifty day simple moving average is $160.44 and its two-hundred day simple moving average is $181.96. J.B. Hunt Transport Services has a 12 month low of $153.12 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the company posted $1.81 EPS. The business’s revenue was down 6.5% compared to the same quarter last year. As a group, analysts predict that J.B. Hunt Transport Services will post 6.1 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be paid a $0.43 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.72 annualized dividend and a yield of 1.05%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, CEO John N. Roberts acquired 6,200 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was purchased at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now owns 313,955 shares in the company, valued at approximately $50,565,592.30. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, April 26th. The stock was purchased at an average cost of $161.06 per share, with a total value of $998,572.00. Following the transaction, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Persio V. Lisboa bought 600 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, July 19th. The shares were bought at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Washington Capital Management Inc. bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at approximately $384,000. Raymond James & Associates boosted its holdings in J.B. Hunt Transport Services by 70.7% in the 2nd quarter. Raymond James & Associates now owns 17,172 shares of the transportation company’s stock worth $2,747,000 after buying an additional 7,112 shares during the period. Gradient Investments LLC boosted its holdings in J.B. Hunt Transport Services by 550.8% in the 2nd quarter. Gradient Investments LLC now owns 397 shares of the transportation company’s stock worth $64,000 after buying an additional 336 shares during the period. Blue Trust Inc. boosted its holdings in J.B. Hunt Transport Services by 232.1% in the 2nd quarter. Blue Trust Inc. now owns 269 shares of the transportation company’s stock worth $43,000 after buying an additional 188 shares during the period. Finally, Blackston Financial Advisory Group LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $228,000. 74.95% of the stock is owned by 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.