J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) COO Nicholas Hobbs acquired 1,529 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were bought at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the acquisition, the chief operating officer now owns 91,847 shares in the company, valued at $12,008,995.25. This represents a 1.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
J.B. Hunt Transport Services Price Performance
Shares of NASDAQ JBHT opened at $129.73 on Friday. The stock has a market cap of $12.97 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.61 and a beta of 1.27. The firm's 50-day simple moving average is $146.71 and its 200 day simple moving average is $166.83. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.
J.B. Hunt Transport Services Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, May 9th. J.B. Hunt Transport Services's payout ratio is currently 31.94%.
Hedge Funds Weigh In On J.B. Hunt Transport Services
Several hedge funds have recently modified their holdings of the company. New Wave Wealth Advisors LLC boosted its stake in J.B. Hunt Transport Services by 19.7% during the first quarter. New Wave Wealth Advisors LLC now owns 17,628 shares of the transportation company's stock valued at $2,608,000 after buying an additional 2,899 shares in the last quarter. Amalgamated Bank lifted its holdings in J.B. Hunt Transport Services by 2.0% in the 1st quarter. Amalgamated Bank now owns 15,645 shares of the transportation company's stock valued at $2,315,000 after acquiring an additional 308 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of J.B. Hunt Transport Services by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 1,209 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of J.B. Hunt Transport Services by 36.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 11,455 shares of the transportation company's stock worth $1,695,000 after purchasing an additional 3,061 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of J.B. Hunt Transport Services by 22.4% in the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after purchasing an additional 120 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on JBHT shares. Barclays decreased their price target on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Benchmark reiterated a "buy" rating and issued a $175.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. UBS Group reduced their price objective on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 target price on shares of J.B. Hunt Transport Services and gave the company a "market perform" rating in a research note on Wednesday, April 16th. Finally, Bank of America reduced their price target on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and a consensus target price of $162.20.
Get Our Latest Analysis on JBHT
J.B. Hunt Transport Services Company Profile
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Get Free Report)
J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.
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