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
Several equities research analysts recently issued reports on JBHT shares. Susquehanna Bancshares raised J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $217.00 price objective for the company in a research note on Tuesday, April 26th. Cowen lifted their price target on J.B. Hunt Transport Services from $188.00 to $193.00 in a research report on Wednesday, July 20th. Bank of America upped their price objective on shares of J.B. Hunt Transport Services from $195.00 to $203.00 and gave the stock a "buy" rating in a research report on Wednesday, July 20th. StockNews.com cut shares of J.B. Hunt Transport Services from a "buy" rating to a "hold" rating in a research note on Wednesday, May 11th. Finally, Stifel Nicolaus increased their price target on shares of J.B. Hunt Transport Services from $184.00 to $185.00 in a report on Wednesday, July 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $203.63.
J.B. Hunt Transport Services Trading Up 3.5 %
Shares of NASDAQ:JBHT traded up $6.52 during midday trading on Wednesday, hitting $190.92. 494,249 shares of the stock traded hands, compared to its average volume of 827,610. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.28. The business's 50 day moving average is $168.29 and its two-hundred day moving average is $180.03. The stock has a market capitalization of $19.82 billion, a PE ratio of 21.53, a P/E/G ratio of 1.27 and a beta of 1.12. J.B. Hunt Transport Services has a one year low of $153.92 and a one year high of $218.18.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Rating) last announced its quarterly earnings results on Tuesday, July 19th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $0.07. J.B. Hunt Transport Services had a return on equity of 29.82% and a net margin of 6.73%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the previous year, the business earned $1.61 EPS. J.B. Hunt Transport Services's revenue was up 31.9% compared to the same quarter last year. As a group, research 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 business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, August 4th. J.B. Hunt Transport Services's dividend payout ratio is currently 18.04%.
Insiders Place Their Bets
In other news, Director Sharilyn S. Gasaway bought 650 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, May 19th. The shares were purchased at an average price of $161.87 per share, for a total transaction of $105,215.50. Following the acquisition, the director now owns 26,200 shares of the company's stock, valued at $4,240,994. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Sharilyn S. Gasaway acquired 650 shares of the firm's stock in a transaction on Thursday, May 19th. The stock was acquired at an average price of $161.87 per share, for a total transaction of $105,215.50. Following the completion of the acquisition, the director now owns 26,200 shares in the company, valued at $4,240,994. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 2,200 shares of the company's 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 directly owns 9,058 shares in the company, valued at $1,629,081.30. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.
