Trade Report: Today, JB Hunt Transport Services Inc. (JBHT) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Today, JB Hunt Transport Services Inc. (JBHT) Posts Quarterly  Earnings Results, Misses Expectations By $0.06 EPS

JB Hunt Transport Services Inc. (NASDAQ:JBHT) issued its earnings results on Monday. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.03 by $0.06. JB Hunt Transport Services had a return on equity of 33.52% and a net margin of 6.88%. The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.68 billion.

JB Hunt Transport Services (NASDAQ:JBHT) opened at 80.02 on Monday. The stock has a market cap of $9.02 billion, a P/E ratio of 21.03 and a beta of 0.92. The stock has a 50 day moving average of $80.36 and a 200-day moving average of $82.06. JB Hunt Transport Services has a 52 week low of $63.58 and a 52 week high of $89.43.

Several research analysts have weighed in on JBHT shares. Buckingham Research upgraded shares of JB Hunt Transport Services from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Tuesday, July 26th. KeyCorp restated a “buy” rating and set a $92.00 target price on shares of JB Hunt Transport Services in a research report on Sunday, October 9th. Zacks Investment Research lowered shares of JB Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Monday, October 3rd. RBC Capital Markets reiterated an “outperform” rating and issued a $94.00 price target (down from $98.00) on shares of JB Hunt Transport Services in a research report on Tuesday, July 19th. Finally, Wells Fargo & Co. reiterated a “buy” rating and issued a $95.00 price target on shares of JB Hunt Transport Services in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $91.29.

In other news, CFO David G. Mee sold 6,408 shares of JB Hunt Transport Services stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $81.93, for a total value of $525,007.44. Following the transaction, the chief financial officer now directly owns 120,000 shares of the company’s stock, valued at $9,831,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Alfred C. Harper sold 5,944 shares of JB Hunt Transport Services stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $83.19, for a total transaction of $494,481.36. Following the completion of the transaction, the chief operating officer now directly owns 11,597 shares in the company, valued at $964,754.43. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBHT. American Century Companies Inc. increased its position in JB Hunt Transport Services by 7.1% in the second quarter. American Century Companies Inc. now owns 1,554,659 shares of the company’s stock valued at $125,819,000 after buying an additional 102,912 shares during the period. BlackRock Investment Management LLC increased its position in JB Hunt Transport Services by 0.7% in the second quarter. BlackRock Investment Management LLC now owns 184,548 shares of the company’s stock valued at $14,935,000 after buying an additional 1,226 shares during the period. BlackRock Inc. increased its position in JB Hunt Transport Services by 12.6% in the second quarter. BlackRock Inc. now owns 295,253 shares of the company’s stock valued at $23,895,000 after buying an additional 33,060 shares during the period. BlackRock Japan Co. Ltd increased its position in JB Hunt Transport Services by 0.5% in the second quarter. BlackRock Japan Co. Ltd now owns 127,503 shares of the company’s stock valued at $10,319,000 after buying an additional 686 shares during the period. Finally, Trexquant Investment LP increased its position in JB Hunt Transport Services by 86.5% in the second quarter. Trexquant Investment LP now owns 9,700 shares of the company’s stock valued at $785,000 after buying an additional 4,500 shares during the period. 71.59% of the stock is currently owned by institutional investors and hedge funds.

About JB Hunt Transport Services

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