J.B. Hunt Transport Services Sees Large Increase in Short Interest (JBHT)
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) were the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 3,206,899 shares, an increase of 81.6% from the July 15th total of 1,765,451 shares, Stock Ratings Network.com reports. Based on an average daily trading volume, of 1,138,206 shares, the days-to-cover ratio is presently 2.8 days. Currently, 3.5% of the company’s stock are short sold.
In other J.B. Hunt Transport Services news, EVP Terrence D. Matthews unloaded 11,777 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $76.52, for a total value of $901,176.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on JBHT shares. Analysts at Zacks reiterated a “neutral” rating on shares of J.B. Hunt Transport Services in a research note on Monday, July 21st. They now have a $82.00 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 16th. They now have a $86.00 price target on the stock, up previously from $78.00. Finally, analysts at Sanford C. Bernstein upgraded shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 16th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $84.09.
J.B. Hunt Transport Services (NASDAQ:JBHT) opened at 76.29 on Thursday. J.B. Hunt Transport Services has a one year low of $69.33 and a one year high of $79.89. The stock’s 50-day moving average is $76.12 and its 200-day moving average is $74.81. The company has a market cap of $8.891 billion and a price-to-earnings ratio of 26.48.
J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts expect that J.B. Hunt Transport Services will post $3.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, July 30th.
J.B. Hunt Transport Services, Inc (NASDAQ:JBHT) is a holding company and 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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