J B Hunt Transport Services Inc (NASDAQ:JBHT) Director Johnnie B. Hunt, Jr. sold 2,328 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $121.00, for a total value of $281,688.00. Following the completion of the transaction, the director now directly owns 70,697 shares in the company, valued at approximately $8,554,337. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of J B Hunt Transport Services Inc (JBHT) opened at $121.80 on Monday. The stock has a market capitalization of $13,368.10, a P/E ratio of 32.48, a P/E/G ratio of 1.82 and a beta of 0.96. J B Hunt Transport Services Inc has a 12 month low of $83.35 and a 12 month high of $126.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.45.
J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 18th. The transportation company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $2.45. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.93 billion. J B Hunt Transport Services had a return on equity of 27.32% and a net margin of 9.55%. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the company earned $1.05 EPS. equities analysts forecast that J B Hunt Transport Services Inc will post 5.27 earnings per share for the current fiscal year.
JBHT has been the topic of several recent research reports. Credit Suisse Group reaffirmed an “outperform” rating and issued a $129.00 price objective (up previously from $111.00) on shares of J B Hunt Transport Services in a research note on Monday, January 8th. Zacks Investment Research downgraded J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Stephens reaffirmed a “buy” rating and issued a $135.00 price objective on shares of J B Hunt Transport Services in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $121.00 price objective on shares of J B Hunt Transport Services in a research note on Thursday, January 11th. Finally, Barclays reaffirmed a “hold” rating and issued a $115.00 price objective on shares of J B Hunt Transport Services in a research note on Wednesday, December 13th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $118.89.
Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. raised its stake in J B Hunt Transport Services by 422.9% during the 4th quarter. Assetmark Inc. now owns 1,574 shares of the transportation company’s stock valued at $181,000 after purchasing an additional 1,273 shares during the period. Parkwood LLC bought a new stake in J B Hunt Transport Services during the 3rd quarter valued at approximately $202,000. First Allied Advisory Services Inc. bought a new stake in J B Hunt Transport Services during the 3rd quarter valued at approximately $211,000. Capital Investment Counsel Inc bought a new stake in J B Hunt Transport Services during the 3rd quarter valued at approximately $222,000. Finally, Advisory Services Network LLC raised its stake in J B Hunt Transport Services by 2,190.7% during the 4th quarter. Advisory Services Network LLC now owns 2,222 shares of the transportation company’s stock valued at $255,000 after purchasing an additional 2,125 shares during the period. 72.19% of the stock is currently owned by institutional investors.
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About J B Hunt Transport Services
J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.
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