Key Points
- Insider sale: J.B. Hunt insider Bradley Hicks sold 7,644 shares at $261.91 each, totaling about $2.0 million. After the transaction, he still held 23,982 shares, representing a 24.17% reduction in his position.
- Strong quarterly results: The company recently reported $1.49 EPS, topping estimates, on revenue of $3.06 billion, also ahead of expectations. Revenue rose 4.6% year over year.
- Dividend and analyst sentiment: J.B. Hunt declared a quarterly dividend of $0.45 per share to be paid May 22, and analysts currently rate the stock a Moderate Buy with a consensus price target of $228.17.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) insider Bradley Hicks sold 7,644 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $261.91, for a total value of $2,002,040.04. Following the sale, the insider owned 23,982 shares of the company's stock, valued at approximately $6,281,125.62. This trade represents a 24.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
J.B. Hunt Transport Services Price Performance
Shares of NASDAQ:JBHT opened at $261.46 on Tuesday. The company's fifty day moving average price is $226.92 and its 200-day moving average price is $208.35. The firm has a market capitalization of $24.66 billion, a price-to-earnings ratio of 40.47, a PEG ratio of 1.95 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $264.22. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm earned $1.17 EPS. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.
J.B. Hunt Transport Services Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 27.86%.
Analyst Ratings Changes
A number of research firms have recently issued reports on JBHT. Weiss Ratings cut J.B. Hunt Transport Services from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, April 24th. Argus set a $285.00 price objective on J.B. Hunt Transport Services in a report on Monday, April 20th. TD Cowen upped their price objective on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a "hold" rating in a report on Thursday, April 16th. Bank of America upped their price objective on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. Finally, Evercore reiterated an "outperform" rating and issued a $248.00 price objective on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $228.17.
View Our Latest Report on JBHT
Institutional Investors Weigh In On J.B. Hunt Transport Services
Several institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC lifted its position in shares of J.B. Hunt Transport Services by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company's stock worth $843,937,000 after purchasing an additional 41,887 shares during the period. Bull Harbor Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 1st quarter worth about $2,715,000. Amundi lifted its stake in shares of J.B. Hunt Transport Services by 62.4% in the 1st quarter. Amundi now owns 769,453 shares of the transportation company's stock valued at $163,047,000 after purchasing an additional 295,687 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of J.B. Hunt Transport Services by 16.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,303 shares of the transportation company's stock valued at $1,336,000 after purchasing an additional 883 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of J.B. Hunt Transport Services by 21.0% in the 1st quarter. Royal Bank of Canada now owns 100,990 shares of the transportation company's stock valued at $21,399,000 after purchasing an additional 17,537 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.
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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