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 equities analysts have recently commented on JBHT shares. Bank of America lifted their price target on shares of J.B. Hunt Transport Services from $195.00 to $203.00 and gave the stock a "buy" rating in a report on Wednesday, July 20th. Barclays decreased their price target on shares of J.B. Hunt Transport Services from $225.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday, July 12th. Susquehanna Bancshares raised shares of J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $217.00 price target for the company in a research note on Tuesday, April 26th. Raymond James boosted their target price on shares of J.B. Hunt Transport Services from $190.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 20th. Finally, Morgan Stanley boosted their target price on shares of J.B. Hunt Transport Services from $165.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 19th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and a consensus price target of $203.63.
J.B. Hunt Transport Services Stock Performance
NASDAQ:JBHT traded down $5.97 during trading hours on Wednesday, reaching $188.68. The stock had a trading volume of 757,618 shares, compared to its average volume of 824,135. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50 day simple moving average of $170.30 and a 200 day simple moving average of $180.04. J.B. Hunt Transport Services has a 12-month low of $153.92 and a 12-month high of $218.18. The stock has a market cap of $19.59 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12.
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 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 analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 earnings per share. On average, research analysts forecast that J.B. Hunt Transport Services will post 9.61 EPS for the current fiscal year.
J.B. Hunt Transport Services Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, August 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Thursday, August 4th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 18.04%.
Insider Activity
In related news, Director Sharilyn S. Gasaway purchased 650 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, May 19th. The stock was bought at an average cost of $161.87 per share, for a total transaction of $105,215.50. Following the completion of the transaction, the director now owns 26,200 shares in the company, valued at $4,240,994. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other J.B. Hunt Transport Services news, Director Sharilyn S. Gasaway bought 650 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, May 19th. The stock was acquired at an average cost of $161.87 per share, for a total transaction of $105,215.50. Following the completion of the transaction, the director now directly owns 26,200 shares in the company, valued at $4,240,994. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 2,200 shares of the business's stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $179.85, for a total value of $395,670.00. Following the transaction, the executive vice president now owns 9,058 shares of the company's stock, valued at $1,629,081.30. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.
