J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) EVP Brian Webb sold 796 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $189.11, for a total value of $150,531.56. Following the completion of the transaction, the executive vice president directly owned 15,697 shares in the company, valued at $2,968,459.67. This trade represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
J.B. Hunt Transport Services Price Performance
JBHT stock opened at $189.77 on Wednesday. The company has a market cap of $18.07 billion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.56 and a beta of 1.28. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $164.01 and a two-hundred day moving average price of $150.42. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $191.88.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the company posted $1.49 EPS. The company's revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.
J.B. Hunt Transport Services announced that its board has initiated a stock repurchase program on Wednesday, October 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.
J.B. Hunt Transport Services Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were paid 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 payout ratio is currently 30.50%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of J.B. Hunt Transport Services from $164.00 to $173.00 and gave the company an "outperform" rating in a research note on Friday, October 17th. Wells Fargo & Company increased their price target on J.B. Hunt Transport Services from $160.00 to $170.00 and gave the company an "overweight" rating in a report on Thursday, October 16th. BMO Capital Markets boosted their price objective on J.B. Hunt Transport Services from $172.00 to $180.00 and gave the stock an "outperform" rating in a research note on Thursday, October 16th. Truist Financial upped their target price on J.B. Hunt Transport Services from $145.00 to $155.00 and gave the stock a "hold" rating in a research report on Thursday, October 16th. Finally, Barclays raised their target price on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an "equal weight" rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $167.05.
Check Out Our Latest Report on J.B. Hunt Transport Services
Institutional Trading of J.B. Hunt Transport Services
Several large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in J.B. Hunt Transport Services by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company's stock valued at $1,486,670,000 after purchasing an additional 195,873 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in J.B. Hunt Transport Services by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 596,512 shares of the transportation company's stock worth $88,254,000 after purchasing an additional 20,353 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of J.B. Hunt Transport Services in the 1st quarter valued at approximately $309,000. Deutsche Bank AG boosted its stake in shares of J.B. Hunt Transport Services by 5.7% during the 1st quarter. Deutsche Bank AG now owns 404,714 shares of the transportation company's stock valued at $59,877,000 after buying an additional 21,707 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of J.B. Hunt Transport Services by 5.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 137,693 shares of the transportation company's stock worth $20,372,000 after buying an additional 6,928 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.
About J.B. Hunt Transport Services
(
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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