Key Points
- J.B. Hunt CAO John Kuhlow sold 3,225 shares on Dec. 1 at an average price of $179.76 for a total of $579,726, reducing his stake by 19.76% to 13,095 shares (SEC filing disclosed).
- Quarterly results beat estimates: the company reported $1.76 EPS vs. $1.46 expected and $3.05 billion in revenue (down 0.5% YoY), with a net margin of 4.75% and ROE of 15.16%; analysts’ consensus is a "Moderate Buy" with an average price target of $166.30.
- Shareholder returns: J.B. Hunt pays a $0.44 quarterly dividend ($1.76 annualized, ~0.9% yield, 30.5% payout ratio) and its board approved a share buyback program (article notes the authorized buyback amount as $0.00 in the disclosure).
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) CFO Albert Brad Delco sold 1,000 shares of the firm's stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $179.54, for a total value of $179,540.00. Following the transaction, the chief financial officer directly owned 7,043 shares in the company, valued at approximately $1,264,500.22. This represents a 12.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
J.B. Hunt Transport Services Stock Up 1.2%
Shares of JBHT opened at $187.92 on Thursday. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $190.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a 50 day simple moving average of $159.62 and a two-hundred day simple moving average of $149.03. The firm has a market cap of $17.89 billion, a P/E ratio of 32.57, a P/E/G ratio of 2.45 and a beta of 1.28.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the business posted $1.49 EPS. The business's quarterly revenue was down .5% on a year-over-year basis. On average, analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.
J.B. Hunt Transport Services declared that its Board of Directors has initiated a share buyback plan on Wednesday, October 22nd that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.
J.B. Hunt Transport Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, November 7th. J.B. Hunt Transport Services's dividend payout ratio is presently 30.50%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on JBHT shares. Sanford C. Bernstein set a $172.00 price objective on J.B. Hunt Transport Services in a report on Thursday, October 16th. Bank of America lifted their price target on J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, October 16th. Barclays boosted their price objective on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an "equal weight" rating in a research report on Thursday, October 16th. Truist Financial raised their target price on shares of J.B. Hunt Transport Services from $145.00 to $155.00 and gave the stock a "hold" rating in a report on Thursday, October 16th. Finally, Morgan Stanley lifted their target price on shares of J.B. Hunt Transport Services from $145.00 to $150.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $166.30.
Check Out Our Latest Research Report on JBHT
Institutional Trading of J.B. Hunt Transport Services
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in J.B. Hunt Transport Services in the 3rd quarter worth $25,000. Summit Securities Group LLC increased its position in shares of J.B. Hunt Transport Services by 19,600.0% during the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock valued at $29,000 after buying an additional 196 shares during the period. Private Trust Co. NA increased its position in shares of J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company's stock valued at $29,000 after buying an additional 74 shares during the period. Cromwell Holdings LLC raised its stake in J.B. Hunt Transport Services by 52.2% in the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company's stock worth $28,000 after buying an additional 71 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter worth about $32,000. Hedge funds and other institutional investors own 74.95% of the company's stock.
J.B. Hunt Transport Services Company Profile
(
Get Free Report)
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.
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