J.B. Hunt Transport Services (NASDAQ:JBHT) Announces Quarterly Earnings Results, Misses Expectations By $0.54 EPS

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) released its quarterly earnings data on Wednesday. The transportation company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.54), RTT News reports. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $3.79 billion. J.B. Hunt Transport Services had a return on equity of 30.61% and a net margin of 6.89%. J.B. Hunt Transport Services’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 earnings per share.

J.B. Hunt Transport Services Stock Up 2.3 %

Shares of JBHT opened at $189.10 on Friday. The stock has a market capitalization of $19.58 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12. J.B. Hunt Transport Services has a 1 year low of $153.92 and a 1 year high of $218.18. The business’s 50 day simple moving average is $179.33 and its 200-day simple moving average is $175.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.43 and a quick ratio of 1.43.

Analysts Set New Price Targets

A number of research firms have issued reports on JBHT. Susquehanna Bancshares cut their price target on J.B. Hunt Transport Services from $196.00 to $194.00 and set a “positive” rating for the company in a research note on Wednesday, October 19th. Deutsche Bank Aktiengesellschaft cut their price target on J.B. Hunt Transport Services from $230.00 to $228.00 in a research note on Monday, November 28th. Susquehanna boosted their price objective on J.B. Hunt Transport Services from $168.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday. Raymond James boosted their price objective on J.B. Hunt Transport Services from $195.00 to $203.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Benchmark cut their price objective on J.B. Hunt Transport Services from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $196.39.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $177.16, for a total transaction of $177,160.00. Following the transaction, the executive vice president now owns 3,060 shares of the company’s stock, valued at approximately $542,109.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other J.B. Hunt Transport Services news, 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 value of $1,302,140.00. Following the transaction, the executive vice president now owns 77,630 shares of the company’s stock, valued at approximately $14,440,732.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owns 3,060 shares in the company, valued at approximately $542,109.60. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Several hedge funds have recently bought and sold shares of the business. Toroso Investments LLC grew its position in J.B. Hunt Transport Services by 5.7% in the 3rd quarter. Toroso Investments LLC now owns 1,938 shares of the transportation company’s stock valued at $303,000 after acquiring an additional 105 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of J.B. Hunt Transport Services by 10.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,850 shares of the transportation company’s stock worth $290,000 after buying an additional 173 shares in the last quarter. M&T Bank Corp grew its position in shares of J.B. Hunt Transport Services by 2.4% during the 3rd quarter. M&T Bank Corp now owns 3,808 shares of the transportation company’s stock worth $596,000 after buying an additional 89 shares in the last quarter. Captrust Financial Advisors grew its position in shares of J.B. Hunt Transport Services by 17.9% during the 3rd quarter. Captrust Financial Advisors now owns 29,668 shares of the transportation company’s stock worth $4,641,000 after buying an additional 4,501 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of J.B. Hunt Transport Services by 3.9% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,976 shares of the transportation company’s stock worth $466,000 after buying an additional 112 shares in the last quarter. Institutional investors own 74.93% of the company’s stock.

About J.B. Hunt Transport Services

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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.