Key Points
- EVP Darren Field sold 4,000 shares of J.B. Hunt Transport Services stock on May 14 at an average price of $254.49, totaling about $1.02 million. After the sale, he still owned 8,696 shares, reducing his stake by 31.51%.
- J.B. Hunt beat quarterly earnings expectations, reporting $1.49 EPS versus the $1.45 consensus, on revenue of $3.06 billion compared with estimates of $3.01 billion. Revenue rose 4.6% year over year.
- The company announced a quarterly dividend of $0.45 per share, payable May 22, which annualizes to $1.80 and yields about 0.7%. Analysts currently have a consensus rating of Moderate Buy with a target price of $228.17.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) EVP Darren Field sold 4,000 shares of the firm's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the sale, the executive vice president owned 8,696 shares of the company's stock, valued at approximately $2,213,045.04. This represents a 31.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
J.B. Hunt Transport Services Stock Performance
NASDAQ JBHT opened at $262.21 on Friday. The firm has a 50-day moving average of $226.22 and a 200-day moving average of $207.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $24.73 billion, a PE ratio of 40.59, a P/E/G ratio of 1.89 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $263.24.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter in the previous year, the company earned $1.17 EPS. The business's revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.
J.B. Hunt Transport Services Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 27.86%.
Institutional Investors Weigh In On J.B. Hunt Transport Services
A number of institutional investors have recently added to or reduced their stakes in JBHT. AQR Capital Management LLC grew its holdings in J.B. Hunt Transport Services by 411.5% during the 2nd 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 last quarter. Norges Bank bought a new stake in J.B. Hunt Transport Services during the 4th quarter worth approximately $200,587,000. Bessemer Group Inc. grew its holdings in J.B. Hunt Transport Services by 75,567.4% during the 4th quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company's stock worth $195,580,000 after acquiring an additional 1,005,047 shares during 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 worth $110,434,000 after acquiring an additional 635,172 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in J.B. Hunt Transport Services by 272.8% during the 4th quarter. Wellington Management Group LLP now owns 747,377 shares of the transportation company's stock worth $145,245,000 after acquiring an additional 546,880 shares during the last quarter. 74.95% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. UBS Group raised their target price on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a "neutral" rating in a report on Thursday, April 16th. BMO Capital Markets raised their target price on shares of J.B. Hunt Transport Services from $245.00 to $250.00 and gave the company an "outperform" rating in a report on Thursday, April 16th. Stifel Nicolaus raised their target price on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the company a "hold" rating in a report on Thursday, April 2nd. Truist Financial raised their target price on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a "hold" rating in a report on Thursday, April 16th. Finally, Bank of America raised their target price on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $228.17.
View Our Latest Stock Report on J.B. Hunt Transport Services
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.
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