JB Hunt Transport Services, Inc. (NASDAQ: JBHT) – KeyCorp investment analysts lowered their Q3 2021 EPS estimates for JB Hunt Transport Services shares in a research report released to customers and investors on Tuesday September 28. KeyCorp analyst T. Fowler now expects the transportation company to earn $ 1.77 per share for the quarter, down from its previous forecast of $ 1.79. KeyCorp also released estimates for JB Hunt Transport Services’ fourth quarter 2021 earnings at EPS $ 1.90 and fiscal 2021 earnings at EPS $ 6.65. JB Hunt Transport Services (NASDAQ: JBHT) last reported its quarterly results on Sunday, July 18. The transportation company reported earnings per share of $ 1.61 for the quarter, beating analyst consensus estimates of $ 1.55 by $ 0.06. The company posted revenue of $ 2.91 billion for the quarter, compared to a consensus estimate of $ 2.73 billion. JB Hunt Transport Services achieved a return on equity of 22.56% and a net margin of 5.57%. The company’s turnover is up 35.6% compared to the same quarter last year. In the same quarter of the previous year, the company made earnings per share of $ 1.14.
A number of other brokerages have also weighed heavily on JBHT recently. Wells Fargo & Company raised its price target on JB Hunt Transport Services from $ 192.00 to $ 203.00 and rated the stock “overweight” in a research report published on Tuesday, July 13. Morgan Stanley increased its price target on JB Hunt Transport Services from $ 150.00 to $ 153.00 and gave the company an “equal weight” rating in a research note on Thursday, July 8. Raymond James lowered his price target on JB Hunt Transport Services from $ 185.00 to $ 180.00 and set an “outperform” rating on the stock in a research report published on Tuesday, July 20. Deutsche Bank Aktiengesellschaft reduced its price target on JB Hunt Transport Services shares from $ 157.00 to $ 154.00 and set a “conservation” rating for the company in a research report published on Wednesday, July 21 . Finally, BMO Capital Markets raised its target price on JB Hunt Transport Services shares from $ 160.00 to $ 165.00 and gave the company a “market performance” rating in a research report on Tuesday. July 20. Ten investment analysts rated the stock with a conservation rating and eleven gave the stock a buy rating. According to MarketBeat, the stock currently has an average “Buy” rating and a consensus price target of $ 171.68.
NASDAQ JBHT shares opened at $ 167.22 on Friday. The company’s 50-day mobile average price is $ 172.36, and its two-hundred-day mobile average price is $ 169.07. The company has a market cap of $ 17.59 billion, a PE ratio of 29.86, a price / earnings-growth ratio of 1.73, and a beta of 1.02. The company has a quick ratio of 1.80, a current ratio of 1.80, and a debt ratio of 0.47. JB Hunt Transport Services has a twelve month low of $ 119.22 and a twelve month high of $ 184.38.
Large investors have recently increased or reduced their stakes in the company. Stonebridge Capital Advisors LLC purchased a new equity stake in JB Hunt Transport Services during the first quarter valued at approximately $ 25,000. Ameritas Investment Company LLC purchased a new equity stake in JB Hunt Transport Services during the first quarter valued at approximately $ 45,000. Mach 1 Financial Group Inc. increased its holdings of JB Hunt Transport Services shares by 132.6% in the second quarter. Mach 1 Financial Group Inc. now owns 307 shares of the transportation company valued at $ 49,000 after purchasing 175 additional shares in the last quarter. Parisi Gray Wealth Management purchased a new equity stake in JB Hunt Transport Services during the second quarter valued at approximately $ 65,000. Finally, Deseret Mutual Benefit Administrators purchased a new equity stake in JB Hunt Transport Services during the second quarter valued at approximately $ 67,000. Institutional investors hold 72.73% of the shares of the company.
In other news from JB Hunt Transport Services, Executive Vice President Bradley W. Hicks sold 500 shares of the company in a transaction dated Friday, August 27. The stock was sold for an average price of $ 179.19, for a total trade of $ 89,595.00. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through this link. In addition, Executive Vice President Stuart Lockard Scott sold 1,757 shares of the company in a transaction dated Friday, September 3. The stock was sold for an average price of $ 183.34, for a total value of $ 322,128.38. As a result of the transaction, the Executive Vice President now directly owns 19,477 shares of the company, valued at approximately $ 3,570,913.18. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 3,557 shares of the company valued at $ 626,912. 3.30% of the capital is held by insiders.
The company also recently declared a quarterly dividend, which was paid on Friday, August 20. Investors of record on Friday August 6 received a dividend of $ 0.30. This represents a dividend of $ 1.20 on an annualized basis and a return of 0.72%. The ex-dividend date was Thursday August 5. JB Hunt Transport Services’ dividend payout ratio (DPR) is currently 25.32%.
About JB Hunt Transport Services
JB Hunt Transport Services, Inc is committed to providing logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contractual Services (DCS), Integrated Capacity Solutions (ICS), Last Mile Services (FMS) and Full Load (JBT). The JBI segment offers intermodal freight operations for rail carriers.
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