J.B. Hunt Transport Services (NASDAQ:JBHT) Price Target Lowered to $189.00 at The Goldman Sachs Group

J.B. Hunt Transport Services (NASDAQ:JBHT) had its price target reduced by The Goldman Sachs Group from $193.00 to $189.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the transportation company’s stock.

Other analysts also recently issued research reports about the company. Morgan Stanley cut their price target on J.B. Hunt Transport Services from $162.00 to $160.00 and set an equal weight rating on the stock in a report on Monday, July 8th. TD Cowen cut their target price on J.B. Hunt Transport Services from $181.00 to $161.00 and set a hold rating on the stock in a research note on Wednesday, July 17th. JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an overweight rating on the stock in a research note on Tuesday, July 9th. Susquehanna lifted their target price on J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a neutral rating in a research note on Thursday, September 26th. Finally, Benchmark reaffirmed a buy rating and set a $185.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of Moderate Buy and a consensus target price of $183.50.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $170.72 on Wednesday. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $169.43 and a 200-day moving average of $168.23.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.19). The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the business posted $1.81 EPS. As a group, analysts forecast that J.B. Hunt Transport Services will post 5.6 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s payout ratio is 27.30%.

Insider Buying and Selling

In related news, Director Persio V. Lisboa bought 600 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the acquisition, the director now directly owns 3,594 shares of the company’s stock, valued at $587,511.18. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Persio V. Lisboa purchased 600 shares of the stock in a transaction dated Friday, July 19th. The shares were acquired at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the acquisition, the director now directly owns 3,594 shares of the company’s stock, valued at $587,511.18. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of JBHT. Jacobs Levy Equity Management Inc. grew its holdings in shares of J.B. Hunt Transport Services by 2,722.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock valued at $108,600,000 after buying an additional 525,729 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after buying an additional 193,684 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 282.8% during the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock valued at $27,740,000 after buying an additional 128,283 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $19,755,000. Finally, FIL Ltd grew its stake in J.B. Hunt Transport Services by 15.7% in the fourth quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock valued at $177,336,000 after purchasing an additional 120,202 shares in the last quarter. 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.