Key Points
- EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services at an average price of $258.20, totaling $516,400. After the sale, he still held 4,604 shares, and the trade reduced his position by about 30%.
- J.B. Hunt shares rose 3.4% and recently traded near their 52-week high, opening at $267.63. The stock is up sharply from its 52-week low of $130.12 and currently sits above both its 50-day and 200-day moving averages.
- The company beat quarterly earnings and revenue expectations, reporting $1.49 EPS on $3.06 billion in revenue, and it also paid a quarterly dividend of $0.45 per share. Analysts currently view the stock as a Moderate Buy overall.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total value of $516,400.00. Following the transaction, the executive vice president directly owned 4,604 shares in the company, valued at approximately $1,188,752.80. This trade represents a 30.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
J.B. Hunt Transport Services Stock Up 3.4%
Shares of J.B. Hunt Transport Services stock opened at $267.63 on Wednesday. The firm has a market cap of $25.24 billion, a price-to-earnings ratio of 41.43, a P/E/G ratio of 1.93 and a beta of 1.28. 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, Inc. has a 52-week low of $130.12 and a 52-week high of $267.99. The stock has a 50-day simple moving average of $233.03 and a 200-day simple moving average of $212.20.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The firm's revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. On average, equities research analysts expect 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 was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services's payout ratio is currently 27.86%.
Institutional Investors Weigh In On J.B. Hunt Transport Services
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summitry LLC lifted its holdings in J.B. Hunt Transport Services by 2.9% in the 1st quarter. Summitry LLC now owns 1,560 shares of the transportation company's stock worth $331,000 after purchasing an additional 44 shares during the last quarter. Groupama Asset Managment acquired a new stake in J.B. Hunt Transport Services in the 1st quarter worth approximately $257,000. Western Wealth Management LLC acquired a new stake in J.B. Hunt Transport Services in the 1st quarter worth approximately $124,000. Bank of America Corp DE lifted its holdings in J.B. Hunt Transport Services by 2.4% in the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company's stock worth $96,332,000 after purchasing an additional 10,664 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in J.B. Hunt Transport Services in the 1st quarter worth approximately $6,864,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on JBHT shares. Evercore reiterated an "outperform" rating and set a $248.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Barclays lifted their price target on J.B. Hunt Transport Services from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Thursday, April 16th. BMO Capital Markets lifted their price target on 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. Bank of America lifted their price target on 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. Finally, Benchmark lifted their price target on J.B. Hunt Transport Services from $230.00 to $250.00 and gave the company a "buy" rating in a report on Friday, April 17th. One equities 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.17.
View Our Latest 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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