Goldman Sachs Group Begins Coverage on J B Hunt Transport Services (NASDAQ:JBHT)

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

Other research analysts have also issued reports about the stock. Cowen restated a market perform rating and set a $112.00 price target (down from $122.00) on shares of J B Hunt Transport Services in a research report on Tuesday, April 16th. ValuEngine lowered shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. UBS Group boosted their price target on shares of Intact Financial from C$122.00 to C$133.00 in a research report on Tuesday, June 18th. Argus boosted their price target on shares of QUALCOMM to $95.00 and gave the company a buy rating in a research report on Wednesday, April 17th. Finally, Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the company a hold rating in a research report on Monday, July 8th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $109.00.

JBHT opened at $92.94 on Wednesday. The firm’s fifty day moving average price is $89.00. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.05 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.44 and a quick ratio of 1.44. J B Hunt Transport Services has a one year low of $83.64 and a one year high of $129.98.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16). The firm 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 for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 earnings per share. Research analysts forecast that J B Hunt Transport Services will post 5.58 earnings per share for the current year.

In related news, Director Gary Charles George bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average cost of $94.52 per share, for a total transaction of $472,600.00. Following the completion of the transaction, the director now owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John N. Roberts bought 2,319 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $86.23 per share, with a total value of $199,967.37. Following the completion of the transaction, the insider now directly owns 288,739 shares of the company’s stock, valued at approximately $24,897,963.97. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Northern Trust Corp lifted its stake in J B Hunt Transport Services by 3.0% in the 4th quarter. Northern Trust Corp now owns 1,012,419 shares of the transportation company’s stock worth $94,196,000 after acquiring an additional 29,651 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in J B Hunt Transport Services by 9.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 16,802 shares of the transportation company’s stock worth $1,564,000 after acquiring an additional 1,410 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in J B Hunt Transport Services by 28.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 22,033 shares of the transportation company’s stock worth $2,050,000 after acquiring an additional 4,920 shares in the last quarter. United Services Automobile Association lifted its stake in J B Hunt Transport Services by 2.2% in the 4th quarter. United Services Automobile Association now owns 55,523 shares of the transportation company’s stock worth $5,166,000 after acquiring an additional 1,210 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in J B Hunt Transport Services by 14.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 578,166 shares of the transportation company’s stock worth $53,795,000 after acquiring an additional 72,329 shares in the last quarter. Institutional investors own 72.94% of the company’s stock.

J B Hunt Transport Services Company Profile

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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