J.B. Hunt Transport Services (NASDAQ:JBHT) Issues Quarterly Earnings Results

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) posted its quarterly earnings data on Wednesday. The transportation company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.71 by $0.20, FiscalAI reports. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $4.59 during trading hours on Wednesday, hitting $276.28. The stock had a trading volume of 1,456,120 shares, compared to its average volume of 1,006,913. 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 has a market capitalization of $26.05 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 2.06 and a beta of 1.29. J.B. Hunt Transport Services has a 1-year low of $130.12 and a 1-year high of $294.98. The stock’s fifty day moving average is $271.66 and its two-hundred day moving average is $236.62.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is presently 27.86%.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 4,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the sale, the executive vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Nicholas Hobbs sold 1,272 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total transaction of $318,954.00. Following the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at $23,002,802. This trade represents a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 18,119 shares of company stock worth $4,736,095. Insiders own 2.50% of the company’s stock.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors and hedge funds have recently modified their holdings of the business. CYBER HORNET ETFs LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. MUFG Securities EMEA plc purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $34,000. CIBC Private Wealth Group LLC raised its position in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $42,000. Finally, McMillan Office Inc. purchased a new stake in J.B. Hunt Transport Services in the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the topic of a number of recent research reports. Bank of America boosted their target price 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. Stifel Nicolaus increased their price target on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a report on Monday. Sanford C. Bernstein upgraded shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $192.00 to $329.00 in a research report on Thursday, July 9th. Weiss Ratings cut shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of J.B. Hunt Transport Services from $227.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average price target of $265.22.

Check Out Our Latest Research Report on J.B. Hunt Transport Services

About J.B. Hunt Transport Services

(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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Earnings History for J.B. Hunt Transport Services (NASDAQ:JBHT)

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