Key Points
- EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services on June 5 at an average price of $284.01, for proceeds of about $426,015. After the sale, he still held 15,881 shares.
- J.B. Hunt recently posted solid quarterly results, reporting EPS of $1.49 versus the $1.45 consensus and revenue of $3.06 billion, up 4.6% year over year. Analysts now expect the company to earn 7.27 EPS for the full year.
- Sentiment around the stock remains mixed but generally constructive, with recent analyst target increases and a consensus rating of “Moderate Buy.” However, insider selling from multiple executives may be creating some caution among investors.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) EVP David Keefauver sold 703 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the sale, the executive vice president directly owned 790 shares of the company's stock, valued at approximately $225,252.70. The trade was a 47.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
J.B. Hunt Transport Services Stock Up 1.1%
Shares of J.B. Hunt Transport Services stock opened at $288.17 on Tuesday. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $289.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The stock's 50-day moving average is $246.78 and its 200 day moving average is $219.34. The firm has a market cap of $27.17 billion, a price-to-earnings ratio of 44.61, a PEG ratio of 2.12 and a beta of 1.30.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company 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 company earned $1.17 EPS. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. J.B. Hunt Transport Services's dividend payout ratio is presently 27.86%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of JBHT. Hantz Financial Services Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 52.8% in the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company's stock valued at $30,000 after purchasing an additional 76 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. Sentry Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $32,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $32,000. Finally, MUFG Securities EMEA plc bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $34,000. Institutional investors own 74.95% of the company's stock.
Key J.B. Hunt Transport Services News
Here are the key news stories impacting J.B. Hunt Transport Services this week:
- Positive Sentiment: Zacks highlighted JBHT as a strong momentum stock, which can support investor interest and buying pressure. Here's Why JB Hunt (JBHT) is a Strong Momentum Stock
- Positive Sentiment: Wall Street Zen reportedly upgraded the stock, another sign of improving sentiment around JBHT. J.B. Hunt Transport Services (NASDAQ:JBHT) Stock Rating Upgraded by Wall Street Zen
- Neutral Sentiment: Additional commentary compared JBHT with ArcBest on valuation, but it does not appear to be a direct catalyst on its own. ARCB or JBHT: Which Is the Better Value Stock Right Now?
- Neutral Sentiment: Another article asked whether JBHT is a good stock to buy now, which reflects ongoing market debate rather than a clear new catalyst. Is J.B. Hunt Transport Services, Inc. (JBHT) A Good Stock To Buy Now?
- Negative Sentiment: EVP David Keefauver sold 703 shares, reducing his stake by 47.09%, which may raise some caution about insider sentiment. SEC filing for David Keefauver transaction
- Negative Sentiment: EVP Brian Webb also sold 1,500 shares, trimming his ownership by 8.63%, adding to the insider-selling overhang. SEC filing for Brian Webb transaction
Analyst Ratings Changes
JBHT has been the topic of several research analyst reports. Wells Fargo & Company upped their target price on J.B. Hunt Transport Services from $250.00 to $310.00 and gave the company an "overweight" rating in a research report on Friday. Citigroup upped their target price on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the company a "neutral" rating in a research report on Thursday, April 16th. UBS Group upped their target price on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a "neutral" rating in a research report on Thursday, April 16th. Stifel Nicolaus upped their target price on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the company a "hold" rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings lowered J.B. Hunt Transport Services from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $233.83.
Get Our Latest Analysis on JBHT
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
