Key Points
- Insider sale: EVP Ronald Greer Woodruff sold 331 shares on Feb. 4 at an average price of $225.57 for $74,663.67, leaving him with 4,019 shares (a 7.61% reduction); he also sold 1,391 shares on Jan. 21 at $207 per share.
- Quarterly results: J.B. Hunt reported $1.90 EPS vs. $1.81 expected and $3.10B in revenue (down 1.6% year‑over‑year), while analysts' consensus rating is a "Moderate Buy" with an average target of $200.05.
- Dividend and buyback: The company raised its quarterly dividend to $0.45 (annualized $1.80, ~0.8% yield) and noted a board buyback authorization in filings (listed as $0.00 in the announcement).
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) EVP Ronald Greer Woodruff sold 331 shares of the company's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $225.57, for a total value of $74,663.67. Following the completion of the sale, the executive vice president directly owned 4,019 shares of the company's stock, valued at approximately $906,565.83. This represents a 7.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Ronald Greer Woodruff also recently made the following trade(s):
- On Wednesday, January 21st, Ronald Greer Woodruff sold 1,391 shares of J.B. Hunt Transport Services stock. The stock was sold at an average price of $207.00, for a total value of $287,937.00.
J.B. Hunt Transport Services Trading Up 0.2%
JBHT traded up $0.42 on Friday, hitting $225.67. 33,906 shares of the company were exchanged, compared to its average volume of 1,112,115. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $229.44. The stock has a market capitalization of $21.49 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83. The firm has a fifty day simple moving average of $200.52 and a two-hundred day simple moving average of $167.48.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. The firm's revenue for the quarter was down 1.6% on a year-over-year basis. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.
J.B. Hunt Transport Services announced that its board has initiated a share buyback plan on Wednesday, October 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.
J.B. Hunt Transport Services Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.44. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 28.66%.
Hedge Funds Weigh In On J.B. Hunt Transport Services
Several institutional investors have recently bought and sold shares of JBHT. State Street Corp raised its position in shares of J.B. Hunt Transport Services by 7.1% in the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company's stock worth $592,015,000 after acquiring an additional 272,594 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of J.B. Hunt Transport Services by 77.2% during the third quarter. AQR Capital Management LLC now owns 3,189,566 shares of the transportation company's stock valued at $426,126,000 after buying an additional 1,389,723 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of J.B. Hunt Transport Services by 18.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company's stock valued at $358,510,000 after buying an additional 416,167 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of J.B. Hunt Transport Services by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,072,500 shares of the transportation company's stock worth $296,383,000 after acquiring an additional 11,637 shares in the last quarter. Finally, Invesco Ltd. lifted its position in J.B. Hunt Transport Services by 5.4% during the third quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company's stock valued at $216,317,000 after acquiring an additional 82,939 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of J.B. Hunt Transport Services from $176.00 to $211.00 and gave the stock an "overweight" rating in a report on Monday, January 12th. Truist Financial lifted their price objective on shares of J.B. Hunt Transport Services from $155.00 to $205.00 and gave the company a "hold" rating in a research report on Thursday, January 15th. Vertical Research downgraded shares of J.B. Hunt Transport Services from a "strong-buy" rating to a "hold" rating and set a $200.00 price objective for the company. in a report on Thursday, January 8th. BMO Capital Markets restated an "outperform" rating on shares of J.B. Hunt Transport Services in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft set a $227.00 price objective on shares of J.B. Hunt Transport Services in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $200.05.
Get Our Latest Stock Report on J.B. Hunt Transport Services
J.B. Hunt Transport Services Company Profile
(
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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.
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