J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $160.07 and last traded at $169.52, with a volume of 903467 shares. The stock had previously closed at $182.99.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on JBHT shares. Susquehanna dropped their target price on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Wednesday. Stifel Nicolaus dropped their target price on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a "hold" rating for the company in a research report on Wednesday. Raymond James boosted their target price on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 16th. Stephens lowered their price objective on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an "overweight" rating for the company in a research report on Wednesday. Finally, Robert W. Baird lowered their price objective on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an "outperform" rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $197.39.
Get Our Latest Research Report on J.B. Hunt Transport Services
J.B. Hunt Transport Services Price Performance
The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.17. The business's 50 day simple moving average is $199.89 and its 200-day simple moving average is $193.17. The stock has a market capitalization of $17.37 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 1.62 and a beta of 1.11.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.31). The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.61 earnings per share for the current year.
J.B. Hunt Transport Services Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.43 dividend. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Thursday, February 8th. J.B. Hunt Transport Services's dividend payout ratio is currently 24.68%.
Insider Transactions at J.B. Hunt Transport Services
In other news, insider Alfred C. Harper sold 6,500 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now directly owns 42,411 shares of the company's stock, valued at approximately $9,021,243.81. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Alfred C. Harper sold 6,500 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now directly owns 42,411 shares of the company's stock, valued at approximately $9,021,243.81. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Patrick J. Ottensmeyer bought 5,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at $1,014,950. The disclosure for this purchase can be found here. In the last three months, insiders sold 20,432 shares of company stock valued at $4,309,687. Company insiders own 2.10% of the company's stock.
Institutional Investors Weigh In On J.B. Hunt Transport Services
Large investors have recently made changes to their positions in the company. Clear Street Markets LLC increased its stake in J.B. Hunt Transport Services by 94.0% in the 1st quarter. Clear Street Markets LLC now owns 161 shares of the transportation company's stock valued at $28,000 after buying an additional 78 shares during the period. VisionPoint Advisory Group LLC grew its position in J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company's stock worth $32,000 after acquiring an additional 87 shares in the last quarter. Operose Advisors LLC bought a new stake in J.B. Hunt Transport Services in the third quarter worth approximately $34,000. VitalStone Financial LLC bought a new stake in J.B. Hunt Transport Services in the first quarter worth approximately $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services in the third quarter worth approximately $36,000. Institutional investors and hedge funds own 74.95% of the company's stock.
About J.B. Hunt Transport Services
(
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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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