J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) SVP Jennifer Boattini sold 2,238 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $232.00, for a total value of $519,216.00. Following the transaction, the senior vice president directly owned 16,650 shares of the company's stock, valued at $3,862,800. The trade was a 11.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
J.B. Hunt Transport Services Price Performance
JBHT stock opened at $232.07 on Tuesday. The firm has a 50 day moving average of $212.02 and a 200-day moving average of $177.48. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $234.82. The firm has a market capitalization of $21.95 billion, a P/E ratio of 37.80, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23.
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 for the quarter, topping analysts' consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the firm posted $1.53 EPS. J.B. Hunt Transport Services's revenue was down 1.6% on a year-over-year basis. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.
J.B. Hunt Transport Services Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 6th. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services's payout ratio is currently 29.32%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC raised its position in J.B. Hunt Transport Services by 411.5% in the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company's stock worth $258,457,000 after acquiring an additional 1,447,993 shares during the period. Norges Bank bought a new position in J.B. Hunt Transport Services in the 4th quarter worth $200,587,000. Bessemer Group Inc. grew its position in shares of J.B. Hunt Transport Services by 75,567.4% during the fourth quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company's stock worth $195,580,000 after purchasing an additional 1,005,047 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in J.B. Hunt Transport Services by 338.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company's stock valued at $110,434,000 after buying an additional 635,172 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in J.B. Hunt Transport Services by 272.8% in the 4th quarter. Wellington Management Group LLP now owns 747,377 shares of the transportation company's stock valued at $145,245,000 after acquiring an additional 546,880 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 research firms recently commented on JBHT. Wells Fargo & Company boosted their target price on J.B. Hunt Transport Services from $170.00 to $220.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 6th. Evercore set a $222.00 price objective on J.B. Hunt Transport Services in a report on Friday, January 16th. Argus raised shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research note on Thursday, January 22nd. UBS Group lifted their target price on shares of J.B. Hunt Transport Services from $174.00 to $196.00 and gave the company a "neutral" rating in a research report on Friday, January 16th. Finally, Vertical Research lowered shares of J.B. Hunt Transport Services from a "strong-buy" rating to a "hold" rating and set a $200.00 price target on the stock. in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $203.00.
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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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