Zacks Research Comments on J.B. Hunt Transport Services, Inc.’s Q2 2024 Earnings (NASDAQ:JBHT)

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) – Analysts at Zacks Research decreased their Q2 2024 earnings per share estimates for shares of J.B. Hunt Transport Services in a research report issued on Tuesday, April 30th. Zacks Research analyst S. Goswami now expects that the transportation company will earn $1.54 per share for the quarter, down from their previous forecast of $1.92. The consensus estimate for J.B. Hunt Transport Services’ current full-year earnings is $6.61 per share. Zacks Research also issued estimates for J.B. Hunt Transport Services’ Q3 2024 earnings at $1.68 EPS, Q4 2024 earnings at $1.81 EPS, FY2024 earnings at $6.24 EPS, FY2025 earnings at $8.30 EPS and FY2026 earnings at $9.13 EPS.

A number of other analysts have also recently weighed in on the company. StockNews.com upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Stifel Nicolaus lowered their price target on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Benchmark reissued a “buy” rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Raymond James upped their target price on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Finally, Susquehanna reduced their price target on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.24.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $165.56 on Friday. The business has a 50-day simple moving average of $188.42 and a 200-day simple moving average of $191.03. The company has a market cap of $17.09 billion, a PE ratio of 26.28, a P/E/G ratio of 2.22 and a beta of 1.17. J.B. Hunt Transport Services has a one year low of $160.07 and a one year high of $219.51. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26.

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

A number of large investors have recently made changes to their positions in the stock. VisionPoint Advisory Group LLC increased its holdings in J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after buying an additional 87 shares in the last quarter. Operose Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $34,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at approximately $36,000. YHB Investment Advisors Inc. acquired a new stake in J.B. Hunt Transport Services during the 1st quarter valued at $40,000. Finally, Exchange Traded Concepts LLC purchased a new position in J.B. Hunt Transport Services during the third quarter worth $45,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, April 26th. The stock was bought at an average price 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 of the company’s stock, valued at $50,565,592.30. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other J.B. Hunt Transport Services news, CEO John N. Roberts bought 6,200 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was acquired at an average cost of $161.06 per share, with a total value of $998,572.00. Following the purchase, the chief executive officer now owns 313,955 shares in the company, valued at approximately $50,565,592.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Eric Mcgee sold 3,800 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.56, for a total value of $807,728.00. Following the completion of the sale, the executive vice president now owns 464 shares in the company, valued at $98,627.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,454 shares of company stock valued at $3,283,219. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Announces Dividend

The company 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 of this dividend is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a yield of 1.04%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

J.B. Hunt Transport Services Company Profile

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.