J B Hunt Transport Services (NASDAQ:JBHT) Now Covered by Goldman Sachs Group

Goldman Sachs Group assumed coverage on shares of J B Hunt Transport Services (NASDAQ:JBHT) in a report published on Wednesday, Briefing.com Automated Import reports. The firm issued a buy rating and a $113.00 price target on the transportation company’s stock.

Several other research analysts have also recently weighed in on the company. Deutsche Bank cut J B Hunt Transport Services from a buy rating to a sell rating and set a $98.51 price target for the company. in a research report on Wednesday, April 17th. Morgan Stanley set a $36.00 price target on ArcBest and gave the company a hold rating in a research report on Monday, July 8th. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Loop Capital reduced their price target on J B Hunt Transport Services to $133.00 and set a buy rating for the company in a research report on Tuesday, April 16th. Finally, Argus lifted their price target on QUALCOMM to $95.00 and gave the company a buy rating in a research report on Wednesday, April 17th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $109.00.

Shares of JBHT stock opened at $92.94 on Wednesday. The firm’s 50 day moving average is $89.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $10.11 billion, a PE ratio of 16.31, a P/E/G ratio of 1.11 and a beta of 1.11. J B Hunt Transport Services has a twelve month low of $83.64 and a twelve month high of $129.98.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.16). The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.17 billion. J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.07 earnings per share. Research analysts anticipate that J B Hunt Transport Services will post 5.55 EPS for the current year.

In other news, Director Gary Charles George purchased 5,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were purchased at an average cost of $94.52 per share, with a total value of $472,600.00. Following the completion of the purchase, the director now directly owns 43,369 shares of the company’s stock, valued at approximately $4,099,237.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John N. Roberts purchased 2,319 shares of the stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average cost of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the purchase, the insider now directly owns 288,739 shares of the company’s stock, valued at $24,897,963.97. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

Several large investors have recently modified their holdings of JBHT. FMR LLC boosted its stake in shares of J B Hunt Transport Services by 60.7% in the first quarter. FMR LLC now owns 4,049,886 shares of the transportation company’s stock worth $410,212,000 after acquiring an additional 1,529,785 shares during the last quarter. Norges Bank acquired a new stake in shares of J B Hunt Transport Services in the fourth quarter worth approximately $70,673,000. Two Sigma Investments LP boosted its stake in shares of J B Hunt Transport Services by 202.1% in the fourth quarter. Two Sigma Investments LP now owns 601,818 shares of the transportation company’s stock worth $55,993,000 after acquiring an additional 402,618 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of J B Hunt Transport Services by 198.6% in the fourth quarter. Two Sigma Advisers LP now owns 594,025 shares of the transportation company’s stock worth $55,268,000 after acquiring an additional 395,100 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of J B Hunt Transport Services by 90.4% in the fourth quarter. Deutsche Bank AG now owns 753,177 shares of the transportation company’s stock worth $70,072,000 after acquiring an additional 357,539 shares during the last quarter. 72.94% of the stock is currently owned by hedge funds and other institutional investors.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Analyst Recommendations for J B Hunt Transport Services (NASDAQ:JBHT)

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