The Goldman Sachs Group Issues Pessimistic Forecast for J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Price

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target dropped by equities researchers at The Goldman Sachs Group from $188.00 to $166.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 22.68% from the stock’s current price.

Several other brokerages have also weighed in on JBHT. Wells Fargo & Company decreased their target price on shares of J.B. Hunt Transport Services from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Stephens restated an “overweight” rating and set a $205.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. TD Cowen lowered their target price on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Truist Financial began coverage on J.B. Hunt Transport Services in a research report on Thursday, March 13th. They set a “hold” rating and a $165.00 price target for the company. Finally, Bank of America lowered their target price on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus target price of $178.95.

J.B. Hunt Transport Services Price Performance

Shares of JBHT traded down $6.34 during trading hours on Thursday, hitting $135.31. 660,677 shares of the company were exchanged, compared to its average volume of 929,213. 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 has a one year low of $127.05 and a one year high of $200.40. The company has a market capitalization of $13.53 billion, a PE ratio of 24.16, a PEG ratio of 1.61 and a beta of 1.27. The firm has a fifty day simple moving average of $155.68 and a 200-day simple moving average of $170.00.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.47 earnings per share. As a group, sell-side analysts predict that J.B. Hunt Transport Services will post 6.37 earnings per share for the current year.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of the company’s 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 owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now directly owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its stake in shares of J.B. Hunt Transport Services by 0.5% during 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 purchasing an additional 15,476 shares in the last quarter. Invesco Ltd. increased its holdings 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 worth $362,554,000 after buying an additional 104,019 shares in the last quarter. Geode Capital Management LLC lifted its stake in J.B. Hunt Transport Services by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock valued at $340,049,000 after acquiring an additional 8,968 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 0.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company’s stock valued at $225,209,000 after acquiring an additional 8,725 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of J.B. Hunt Transport Services by 428.4% in the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock worth $215,610,000 after acquiring an additional 1,024,295 shares during the period. 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.