J.B. Hunt Transport Services Director Acquires $595,764 in Stock (JBHT)
J.B. Hunt Transport Services (NASDAQ:JBHT) Director John A. White bought 7,800 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost of $76.38 per share, with a total value of $595,764.00. Following the transaction, the director now directly owns 44,549 shares of the company’s stock, valued at approximately $3,402,653. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 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 research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. J.B. Hunt Transport Services currently has a consensus rating of “Buy” and a consensus target price of $84.09.
J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 0.75% on Wednesday, hitting $75.04. 1,077,795 shares of the company’s stock traded hands. J.B. Hunt Transport Services has a 52 week low of $69.33 and a 52 week high of $79.89. The stock’s 50-day moving average is $76.5 and its 200-day moving average is $74.93. The company has a market cap of $8.746 billion and a price-to-earnings ratio of 26.24.
J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data 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.
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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