The Goldman Sachs Group Reiterates Neutral Rating for J.B. Hunt Transport Services (NASDAQ:JBHT)

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report)'s stock had its "neutral" rating reissued by analysts at The Goldman Sachs Group in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. They presently have a $164.00 target price on the transportation company's stock. The Goldman Sachs Group's price target points to a potential upside of 17.16% from the company's current price.

JBHT has been the subject of several other research reports. Truist Financial reduced their price objective on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. UBS Group lowered their price target on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Raymond James dropped their price target on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. TD Cowen dropped their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. Finally, Benchmark reissued a "buy" rating and issued a $175.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $161.90.

J.B. Hunt Transport Services Stock Down 0.1%

JBHT traded down $0.13 during trading hours on Monday, hitting $139.98. 223,733 shares of the company's stock were exchanged, compared to its average volume of 989,203. The firm has a market cap of $13.89 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services has a 12-month low of $122.79 and a 12-month high of $200.40. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $137.05 and a 200 day moving average of $158.79.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. Analysts predict that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

Insider Transactions at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs purchased 1,529 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services 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 transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Hedge funds have recently made changes to their positions in the stock. Summit Securities Group LLC increased its stake in J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock valued at $29,000 after purchasing an additional 196 shares in the last quarter. National Pension Service purchased a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at $30,000. BankPlus Trust Department purchased a new position in J.B. Hunt Transport Services in the fourth quarter worth $34,000. Allworth Financial LP grew its holdings in shares of J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock valued at $35,000 after purchasing an additional 147 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its stake in J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after purchasing an additional 109 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

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.