The Goldman Sachs Group Lowers J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target to $166.00

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price reduced by equities research analysts at The Goldman Sachs Group from $188.00 to $166.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price target points to a potential upside of 24.92% from the company’s previous close.

JBHT has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Stifel Nicolaus decreased their target price on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a research note on Wednesday, January 15th. UBS Group dropped their price target on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Raymond James decreased their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Finally, Truist Financial started coverage on J.B. Hunt Transport Services in a research report on Thursday, March 13th. They set a “hold” rating and a $165.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.70.

J.B. Hunt Transport Services Stock Down 1.1 %

JBHT stock opened at $132.88 on Thursday. The company has a market capitalization of $13.29 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services has a 12 month low of $127.05 and a 12 month high of $200.40. The firm’s fifty day simple moving average is $154.30 and its 200-day simple moving average is $169.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 earnings per share. As a group, equities research analysts forecast that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

Insider Transactions at J.B. Hunt Transport Services

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

Institutional Trading of J.B. Hunt Transport Services

Institutional investors have recently made changes to their positions in the company. National Pension Service acquired a new stake in J.B. Hunt Transport Services during the fourth quarter worth $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth about $34,000. Versant Capital Management Inc increased its position in shares of J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after purchasing an additional 142 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after buying an additional 134 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after buying an additional 86 shares during the period. 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.