Barclays PLC Cuts Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Barclays PLC lessened its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 27.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,642 shares of the transportation company's stock after selling 64,535 shares during the period. Barclays PLC owned 0.17% of J.B. Hunt Transport Services worth $29,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of JBHT. National Pension Service acquired a new stake in J.B. Hunt Transport Services during the 4th quarter worth approximately $30,000. BankPlus Trust Department bought a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $34,000. Versant Capital Management Inc boosted its position in J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock valued at $48,000 after buying an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after purchasing an additional 134 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on JBHT shares. Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a report on Friday, March 7th. They set a "hold" rating and a $167.00 price target on the stock. Citigroup cut their price target on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company dropped their target price on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the company a "market perform" rating in a research report on Wednesday, April 16th. Finally, Susquehanna set a $140.00 target price on shares of J.B. Hunt Transport Services and gave the stock a "neutral" rating in a report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and a consensus target price of $162.20.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction dated 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 in the company, valued at $2,881,282.74. This represents a 6.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT traded up $2.16 during trading on Thursday, reaching $132.52. The company's stock had a trading volume of 223,071 shares, compared to its average volume of 942,631. The firm has a market cap of $13.25 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The firm has a 50 day moving average of $148.34 and a 200-day moving average of $167.29. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

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.