J.B. Hunt Transport Services (NASDAQ:JBHT) Releases Quarterly Earnings Results

J.B. Hunt Transport Services (NASDAQ:JBHT) released its quarterly earnings results on Wednesday. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20, FiscalAI reports. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT traded down $4.59 on Wednesday, hitting $276.28. The stock had a trading volume of 1,466,170 shares, compared to its average volume of 1,010,521. The business’s 50-day simple moving average is $271.66 and its two-hundred day simple moving average is $236.62. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 42.77, a price-to-earnings-growth ratio of 2.06 and a beta of 1.29. J.B. Hunt Transport Services has a 52-week low of $130.12 and a 52-week high of $294.98. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.86%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bradley W. Hicks sold 7,644 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $261.91, for a total value of $2,002,040.04. Following the completion of the sale, the insider owned 23,982 shares of the company’s stock, valued at approximately $6,281,125.62. The trade was a 24.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,119 shares of company stock valued at $4,736,095 in the last quarter. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC purchased a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $31,000. MUFG Securities EMEA plc bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth $34,000. CIBC Private Wealth Group LLC increased its stake in J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after buying an additional 48 shares in the last quarter. Advisory Services Network LLC purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter worth $42,000. Finally, McMillan Office Inc. bought a new stake in J.B. Hunt Transport Services during the fourth quarter valued at about $49,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on JBHT shares. Truist Financial boosted their target price on J.B. Hunt Transport Services from $230.00 to $280.00 and gave the company a “hold” rating in a research note on Wednesday. Raymond James Financial upped their price target on J.B. Hunt Transport Services from $255.00 to $299.00 and gave the stock an “outperform” rating in a research note on Monday. Citigroup started coverage on J.B. Hunt Transport Services in a research report on Wednesday. They issued a “market perform” rating for the company. Robert W. Baird increased their price objective on shares of J.B. Hunt Transport Services from $275.00 to $290.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Finally, Susquehanna raised their price objective on shares of J.B. Hunt Transport Services from $290.00 to $326.00 and gave the company a “positive” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $265.22.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.