J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $165.00 Price Target at Barclays

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

A number of other research firms have also commented on JBHT. Benchmark dropped their price target on shares of J.B. Hunt Transport Services from $195.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Susquehanna cut shares of J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and decreased their price target for the company from $200.00 to $165.00 in a report on Wednesday, March 26th. Truist Financial assumed coverage on J.B. Hunt Transport Services in a research note on Thursday, March 13th. They issued a “hold” rating and a $165.00 price objective on the stock. Finally, Bank of America decreased their target price on 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. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.55.

J.B. Hunt Transport Services Stock Up 2.0 %

J.B. Hunt Transport Services stock opened at $152.78 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services has a 1-year low of $144.34 and a 1-year high of $200.40. The firm’s fifty day simple moving average is $160.85 and its 200-day simple moving average is $171.70. The company has a market capitalization of $15.28 billion, a P/E ratio of 27.48, a P/E/G ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share 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 company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business earned $1.47 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was down 4.5% on a year-over-year basis. Sell-side analysts forecast that J.B. Hunt Transport Services will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders 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 1.15%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s payout ratio is presently 31.65%.

Insider Activity

In related news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several large investors have recently added to or reduced their stakes in JBHT. Janus Henderson Group PLC raised its stake in shares of J.B. Hunt Transport Services by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company’s stock valued at $578,572,000 after acquiring an additional 15,476 shares during the last quarter. State Street Corp raised its position in J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after purchasing an additional 19,826 shares during the last quarter. Invesco Ltd. raised its position in J.B. Hunt Transport Services by 5.1% in the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock valued at $362,554,000 after purchasing an additional 104,019 shares during the last quarter. Geode Capital Management LLC boosted its stake in J.B. Hunt Transport Services by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock worth $340,049,000 after purchasing an additional 8,968 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of J.B. Hunt Transport Services by 0.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company’s stock worth $225,209,000 after purchasing an additional 8,725 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

About J.B. Hunt Transport Services

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.