Key Points
- COO Nicholas Hobbs sold 3,038 shares of J.B. Hunt on Jan. 20 at an average price of $201.97 for proceeds of $613,584.86, leaving him with 90,318 shares (a 3.25% reduction); the transaction was disclosed in an SEC filing.
- J.B. Hunt reported Q4 EPS of $1.90, beating estimates while revenue was $3.10 billion (down 1.6% YoY), and the stock carries a consensus analyst rating of “Moderate Buy” with an average target of $200.05 and several price targets as high as $220.
- The company has a market cap of about $19.97 billion and is majority-held by institutions, which own roughly 74.95% of the shares.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) COO Nicholas Hobbs sold 3,038 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $201.97, for a total transaction of $613,584.86. Following the transaction, the chief operating officer directly owned 90,318 shares in the company, valued at approximately $18,241,526.46. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
J.B. Hunt Transport Services Price Performance
JBHT opened at $209.70 on Thursday. The stock has a market cap of $19.97 billion, a P/E ratio of 34.15, a P/E/G ratio of 1.65 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $211.26. The company has a quick ratio of 0.87, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a fifty day simple moving average of $190.48 and a 200 day simple moving average of $163.01.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The firm had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the previous year, the firm earned $1.53 earnings per share. The company's revenue was down 1.6% on a year-over-year basis. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.
J.B. Hunt Transport Services declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.
Analysts Set New Price Targets
A number of brokerages have weighed in on JBHT. Wolfe Research reaffirmed an "outperform" rating and issued a $214.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, January 8th. Stephens restated an "overweight" rating and set a $180.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, October 16th. Wells Fargo & Company boosted their price objective on shares of J.B. Hunt Transport Services from $170.00 to $220.00 and gave the company an "overweight" rating in a research report on Tuesday, January 6th. Vertical Research lowered shares of J.B. Hunt Transport Services from a "strong-buy" rating to a "hold" rating and set a $200.00 target price for the company. in a research note on Thursday, January 8th. Finally, Morgan Stanley lifted their price target on J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an "equal weight" rating in a research note on Monday, December 8th. Twelve analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $200.05.
Check Out Our Latest Stock Analysis on JBHT
Institutional Trading of J.B. Hunt Transport Services
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Eldred Rock Partners LLC increased its stake in J.B. Hunt Transport Services by 11.9% during the 3rd quarter. Eldred Rock Partners LLC now owns 88,061 shares of the transportation company's stock worth $11,815,000 after acquiring an additional 9,345 shares during the period. Assenagon Asset Management S.A. increased its position in shares of J.B. Hunt Transport Services by 777.0% in the third quarter. Assenagon Asset Management S.A. now owns 192,178 shares of the transportation company's stock worth $25,785,000 after purchasing an additional 170,264 shares during the period. Brighton Jones LLC raised its stake in J.B. Hunt Transport Services by 105.5% in the third quarter. Brighton Jones LLC now owns 12,356 shares of the transportation company's stock valued at $1,658,000 after purchasing an additional 6,344 shares in the last quarter. American Century Companies Inc. lifted its position in J.B. Hunt Transport Services by 23.8% during the second quarter. American Century Companies Inc. now owns 208,655 shares of the transportation company's stock worth $29,963,000 after purchasing an additional 40,131 shares during the period. Finally, Stephens Inc. AR grew its stake in J.B. Hunt Transport Services by 2.8% during the second quarter. Stephens Inc. AR now owns 113,935 shares of the transportation company's stock worth $16,390,000 after buying an additional 3,121 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.
J.B. Hunt Transport Services Company Profile
(
Get Free Report)
J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.
In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.
Further Reading
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