J.B. Hunt Transport Services, Inc. provides surface transportation, delivery, and logistic services in North America. 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. It operates 104,973 pieces of company-owned trailing equipment; owns and maintains its chassis fleet of 85,649 units; and manages a fleet of 5,612 company-owned tractors, 582 independent contractor trucks, and 6,943 company drivers. The DCS segment designs, develops, and executes supply chain solutions that support various transportation networks. As of December 31, 2021, it operated 11,139 company-owned trucks, 544 customer-owned trucks, and 6 contractor trucks. The company also operates 21,069 owned pieces of trailing equipment and 7,753 customer-owned trailers. The ICS segment provides freight brokerage and transportation logistics solutions; flatbed, refrigerated, expedited, and less-than-truckload, as well as dry-van and intermodal solutions; an online multimodal marketplace; and logistics management for customers to outsource the transportation functions. The FMS segment offers delivery services through 1,272 company-owned trucks, 272 customer-owned trucks, and 19 independent contractor trucks; and 1,036 owned pieces of trailing equipment and 185 customer-owned trailers. The JBT segment provides dry-van freight services by utilizing tractors and trailers operating over roads and highways through 734 company-owned tractors and 11,172 company-owned trailers. It also transports or arranges for the transportation of freight, such as general merchandise, specialty consumer items, appliances, forest and paper products, food and beverages, building materials, soaps and cosmetics, automotive parts, agricultural products, electronics, and chemicals. The company was incorporated in 1961 and is headquartered in Lowell, Arkansas.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on JBHT shares. Bank of America raised their target price on J.B. Hunt Transport Services from $195.00 to $203.00 and gave the company a "buy" rating in a report on Wednesday, July 20th. Susquehanna upgraded J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and raised their target price for the company from $210.00 to $217.00 in a report on Tuesday, April 26th. Cowen raised their target price on J.B. Hunt Transport Services from $188.00 to $193.00 and gave the company a "market perform" rating in a report on Wednesday, July 20th. UBS Group dropped their target price on J.B. Hunt Transport Services from $186.00 to $180.00 and set a "neutral" rating on the stock in a report on Wednesday, July 20th. Finally, Morgan Stanley raised their target price on J.B. Hunt Transport Services from $165.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, April 19th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $203.63.
J.B. Hunt Transport Services Stock Performance
Shares of NASDAQ:JBHT traded up $1.97 during mid-day trading on Thursday, hitting $192.89. The company had a trading volume of 690,312 shares, compared to its average volume of 826,713. The company has a market capitalization of $20.02 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.28 and a beta of 1.12. J.B. Hunt Transport Services has a 1 year low of $153.92 and a 1 year high of $218.18. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.28. The stock's 50-day moving average price is $168.65 and its 200-day moving average price is $180.10.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Rating) last posted its quarterly earnings data on Tuesday, July 19th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.07. The company had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.61 billion. J.B. Hunt Transport Services had a return on equity of 29.82% and a net margin of 6.73%. The firm's quarterly revenue was up 31.9% on a year-over-year basis. During the same quarter last year, the company earned $1.61 earnings per share. On average, sell-side analysts forecast that J.B. Hunt Transport Services will post 9.61 earnings per share for the current year.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, August 4th. J.B. Hunt Transport Services's dividend payout ratio is 18.04%.
Insider Activity at J.B. Hunt Transport Services
In related news, EVP Darren P. Field sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $179.85, for a total transaction of $395,670.00. Following the completion of the sale, the executive vice president now owns 9,058 shares of the company's stock, valued at $1,629,081.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $179.85, for a total transaction of $395,670.00. Following the completion of the sale, the executive vice president now owns 9,058 shares of the company's stock, valued at $1,629,081.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sharilyn S. Gasaway purchased 650 shares of the company's stock in a transaction on Thursday, May 19th. The shares were purchased at an average cost of $161.87 per share, with a total value of $105,215.50. Following the purchase, the director now owns 26,200 shares of the company's stock, valued at $4,240,994. The disclosure for this purchase can be found here. 3.10% of the stock is owned by corporate insiders.
