J B Hunt Transport Services Inc (NASDAQ:JBHT) insider Terrence D. Matthews sold 2,000 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $130.25, for a total transaction of $260,500.00. Following the completion of the sale, the insider now owns 22,945 shares of the company’s stock, valued at $2,988,586.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of JBHT stock traded down $1.52 during trading hours on Thursday, hitting $128.69. 13,128 shares of the company were exchanged, compared to its average volume of 936,757. The company has a current ratio of 1.59, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.84 and a beta of 1.00. The firm has a fifty day simple moving average of $123.08 and a 200 day simple moving average of $108.62. J B Hunt Transport Services Inc has a 52-week low of $75.29 and a 52-week high of $138.76.
J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, July 16th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.31. J B Hunt Transport Services had a return on equity of 22.88% and a net margin of 5.65%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business posted $1.37 earnings per share. Sell-side analysts anticipate that J B Hunt Transport Services Inc will post 4.63 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBHT. Atlanta Capital Management Co. L L C boosted its position in J B Hunt Transport Services by 1.2% during the first quarter. Atlanta Capital Management Co. L L C now owns 4,222,207 shares of the transportation company’s stock worth $389,414,000 after purchasing an additional 50,948 shares during the period. Wellington Management Group LLP lifted its stake in shares of J B Hunt Transport Services by 35.3% during the 1st quarter. Wellington Management Group LLP now owns 4,163,124 shares of the transportation company’s stock valued at $383,965,000 after buying an additional 1,085,747 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of J B Hunt Transport Services by 27.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,002,293 shares of the transportation company’s stock valued at $184,671,000 after buying an additional 427,411 shares in the last quarter. Geode Capital Management LLC boosted its holdings in J B Hunt Transport Services by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 1,411,017 shares of the transportation company’s stock worth $129,899,000 after buying an additional 51,088 shares during the period. Finally, Norges Bank purchased a new position in J B Hunt Transport Services in the 4th quarter valued at approximately $95,999,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on JBHT. KeyCorp increased their price objective on shares of J B Hunt Transport Services from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. BMO Capital Markets increased their target price on J B Hunt Transport Services from $100.00 to $125.00 and gave the stock a “market perform” rating in a report on Friday, July 17th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating and set a $131.00 price objective on the stock. in a research note on Wednesday, July 8th. Raymond James raised their price target on shares of J B Hunt Transport Services from $117.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Finally, Stephens upped their price target on J B Hunt Transport Services from $132.00 to $144.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Seventeen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $132.84.
J B Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).
Further Reading: Secondary Public Offerings
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