J B Hunt Transport Services Inc (NASDAQ:JBHT) Sees Significant Growth in Short Interest

J B Hunt Transport Services Inc (NASDAQ:JBHT) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totalling 4,305,300 shares, an increase of 10.0% from the June 30th total of 3,912,400 shares. Currently, 5.0% of the shares of the stock are short sold. Based on an average trading volume of 1,220,000 shares, the days-to-cover ratio is currently 3.5 days.

In other J B Hunt Transport Services news, insider John N. Roberts bought 2,319 shares of the stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of $86.23 per share, with a total value of $199,967.37. Following the completion of the purchase, the insider now owns 288,739 shares in the company, valued at $24,897,963.97. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman James K. Thompson sold 2,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $97.33, for a total value of $194,660.00. Following the transaction, the chairman now directly owns 41,679 shares of the company’s stock, valued at approximately $4,056,617.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,341 shares of company stock valued at $1,976,203. Insiders own 3.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of JBHT. FTB Advisors Inc. purchased a new stake in J B Hunt Transport Services in the 1st quarter valued at $25,000. Thor Advisors LLC purchased a new stake in J B Hunt Transport Services in the 1st quarter valued at $35,000. Cullen Frost Bankers Inc. purchased a new stake in J B Hunt Transport Services in the 2nd quarter valued at $46,000. CWM LLC raised its position in J B Hunt Transport Services by 122.0% in the 2nd quarter. CWM LLC now owns 637 shares of the transportation company’s stock valued at $58,000 after buying an additional 350 shares during the last quarter. Finally, Pearl River Capital LLC raised its position in J B Hunt Transport Services by 267.0% in the 1st quarter. Pearl River Capital LLC now owns 668 shares of the transportation company’s stock valued at $68,000 after buying an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 73.48% of the company’s stock.

JBHT has been the subject of several research analyst reports. Morgan Stanley set a $88.00 target price on J B Hunt Transport Services and gave the stock a “hold” rating in a research note on Monday, July 8th. Cowen reaffirmed a “market perform” rating and issued a $113.00 price objective (up previously from $112.00) on shares of J B Hunt Transport Services in a research note on Tuesday, July 16th. Argus downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. BidaskClub raised J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Finally, ValuEngine raised J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $107.13.

Shares of J B Hunt Transport Services stock traded down $2.78 on Wednesday, reaching $98.32. 570,981 shares of the company’s stock were exchanged, compared to its average volume of 1,133,101. The firm has a market cap of $10.50 billion, a P/E ratio of 17.34, a P/E/G ratio of 1.19 and a beta of 1.14. J B Hunt Transport Services has a 52 week low of $83.64 and a 52 week high of $127.93. The business has a 50-day moving average price of $96.76. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. J B Hunt Transport Services had a return on equity of 29.35% and a net margin of 5.33%. J B Hunt Transport Services’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.37 earnings per share. Sell-side analysts forecast that J B Hunt Transport Services will post 5.53 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, August 1st. J B Hunt Transport Services’s payout ratio is 18.34%.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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