Short Interest in J.B. Hunt Transport Services Grows By 43.7% (JBHT)
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) were the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 3,282,692 shares, a growth of 43.7% from the April 15th total of 2,284,856 shares, Analyst Ratings Net reports. Based on an average trading volume of 842,870 shares, the days-to-cover ratio is presently 3.9 days. Currently, 3.6% of the shares of the company are sold short.
In other J.B. Hunt Transport Services news, Director Earl Wayne Garrison sold 89,210 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $77.20, for a total value of $6,887,012.00. Following the sale, the director now directly owns 20,491 shares of the company’s stock, valued at approximately $1,581,905. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, April 22nd. They now have a $80.00 price target on the stock. Separately, analysts at Bank of America downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating in a research note on Thursday, March 20th. They now have a $78.00 price target on the stock, down previously from $85.00. Finally, analysts at Wunderlich upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. They now have a $89.00 price target on the stock, up previously from $83.00. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $81.93.
J.B. Hunt Transport Services (NASDAQ:JBHT) opened at 76.89 on Monday. J.B. Hunt Transport Services has a 52 week low of $67.97 and a 52 week high of $79.89. The stock has a 50-day moving average of $75.01 and a 200-day moving average of $74.54. The company has a market cap of $9.016 billion and a P/E ratio of 27.09.
J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, April 14th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that J.B. Hunt Transport Services will post $3.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, May 7th.
J B Hunt Transport Services Inc(NASDAQ:JBHT) is a holding company that, together with its wholly owned subsidiaries, operates as a surface transportation and delivery services to a diverse group of customers and consumers throughout the continental United States, Canada and Mexico.
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