J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Short Interest Down 10.1% in April

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Free Report) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 2,040,000 shares, a decrease of 10.1% from the April 15th total of 2,270,000 shares. Based on an average trading volume of 839,900 shares, the short-interest ratio is presently 2.4 days. Currently, 2.5% of the company’s stock are sold short.

Insider Buying and Selling

In related news, CEO John N. Roberts acquired 6,200 shares of the stock in a transaction dated Friday, April 26th. The stock was purchased at an average cost of $161.06 per share, with a total value of $998,572.00. Following the completion of the purchase, the chief executive officer now directly owns 313,955 shares in the company, valued at approximately $50,565,592.30. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO John N. Roberts acquired 6,200 shares of the company’s stock in a transaction on Friday, April 26th. The shares were acquired at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the completion of the sale, the insider now owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Insiders have sold 15,454 shares of company stock worth $3,283,219 in the last quarter. Insiders own 2.10% of the company’s stock.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new stake in shares of J.B. Hunt Transport Services in the 1st quarter valued at about $1,751,000. Toronto Dominion Bank raised its stake in J.B. Hunt Transport Services by 2.0% in the first quarter. Toronto Dominion Bank now owns 46,215 shares of the transportation company’s stock valued at $9,208,000 after purchasing an additional 926 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in J.B. Hunt Transport Services during the first quarter valued at approximately $897,000. Advisors Asset Management Inc. lifted its position in J.B. Hunt Transport Services by 11.8% during the first quarter. Advisors Asset Management Inc. now owns 1,454 shares of the transportation company’s stock valued at $290,000 after purchasing an additional 153 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new position in J.B. Hunt Transport Services in the 1st quarter worth approximately $172,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on JBHT. Susquehanna reduced their target price on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. TD Cowen reduced their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Barclays lowered their target price on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. UBS Group reduced their price target on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, Benchmark reaffirmed a “buy” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $194.24.

Get Our Latest Analysis on J.B. Hunt Transport Services

J.B. Hunt Transport Services Stock Down 0.7 %

Shares of NASDAQ JBHT opened at $168.16 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. The company has a market cap of $17.35 billion, a P/E ratio of 26.69, a P/E/G ratio of 2.28 and a beta of 1.17. J.B. Hunt Transport Services has a 52 week low of $160.07 and a 52 week high of $219.51. The business has a 50-day simple moving average of $183.40 and a two-hundred day simple moving average of $190.91.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. Research analysts anticipate that J.B. Hunt Transport Services will post 6.61 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.43 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.02%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

J.B. Hunt Transport Services Company Profile

(Get Free Report)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. 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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