J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Short Interest Update

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) was the target of a large increase in short interest during the month of December. As of December 30th, there was short interest totalling 2,570,000 shares, an increase of 6.2% from the December 15th total of 2,420,000 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average daily trading volume, of 710,300 shares, the short-interest ratio is presently 3.6 days.

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

In other news, EVP Spencer Frazier sold 1,000 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $177.16, for a total value of $177,160.00. Following the completion of the sale, the executive vice president now directly owns 3,060 shares in the company, valued at approximately $542,109.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Spencer Frazier sold 1,000 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $177.16, for a total value of $177,160.00. Following the completion of the transaction, the executive vice president now owns 3,060 shares of the company’s stock, valued at approximately $542,109.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Shelley Simpson sold 7,000 shares of the company’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $186.02, for a total transaction of $1,302,140.00. Following the completion of the transaction, the executive vice president now directly owns 77,630 shares of the company’s stock, valued at approximately $14,440,732.60. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

A number of institutional investors have recently added to or reduced their stakes in the stock. Primecap Management Co. CA acquired a new position in J.B. Hunt Transport Services during the third quarter worth $100,437,000. Price T Rowe Associates Inc. MD raised its position in J.B. Hunt Transport Services by 7.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 7,579,989 shares of the transportation company’s stock worth $1,193,621,000 after acquiring an additional 517,629 shares during the period. Millennium Management LLC raised its position in shares of J.B. Hunt Transport Services by 116.4% in the second quarter. Millennium Management LLC now owns 775,799 shares of the transportation company’s stock valued at $122,165,000 after buying an additional 417,218 shares during the last quarter. Franklin Resources Inc. raised its position in shares of J.B. Hunt Transport Services by 21.8% in the second quarter. Franklin Resources Inc. now owns 1,772,187 shares of the transportation company’s stock valued at $279,067,000 after buying an additional 317,060 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of J.B. Hunt Transport Services by 91.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 565,032 shares of the transportation company’s stock valued at $88,381,000 after buying an additional 270,491 shares during the last quarter. Institutional investors and hedge funds own 74.93% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.9 %

Shares of JBHT stock opened at $191.88 on Wednesday. The stock’s 50-day simple moving average is $179.54 and its 200-day simple moving average is $175.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 1.38. The firm has a market capitalization of $19.87 billion, a PE ratio of 20.86, a P/E/G ratio of 1.35 and a beta of 1.12. J.B. Hunt Transport Services has a fifty-two week low of $153.92 and a fifty-two week high of $218.18.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last announced its quarterly earnings data on Wednesday, January 18th. The transportation company reported $1.92 earnings per share for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.53). The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $3.79 billion. J.B. Hunt Transport Services had a net margin of 6.54% and a return on equity of 28.20%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.28 earnings per share. Equities analysts expect that J.B. Hunt Transport Services will post 9.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Friday, February 10th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.88%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, February 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 17.39%.

Analyst Ratings Changes

Several analysts have recently issued reports on JBHT shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of J.B. Hunt Transport Services from $230.00 to $228.00 in a research report on Monday, November 28th. Barclays upped their target price on shares of J.B. Hunt Transport Services from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, January 19th. Evercore ISI decreased their target price on shares of J.B. Hunt Transport Services to $194.00 in a research report on Thursday, October 20th. Credit Suisse Group raised their price objective on shares of J.B. Hunt Transport Services from $194.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, January 19th. Finally, UBS Group upped their target price on J.B. Hunt Transport Services from $155.00 to $162.00 in a research note on Thursday, January 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $196.39.

J.B. Hunt Transport Services Company Profile

(Get Rating)

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.

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