J.B. Hunt Transport Services (NASDAQ:JBHT) Shares Gap Down After Earnings Miss

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)’s share price gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $186.20, but opened at $175.00. J.B. Hunt Transport Services shares last traded at $172.59, with a volume of 835,878 shares trading hands.

The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm earned $1.47 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday. The Goldman Sachs Group cut their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Evercore ISI cut their price target on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Raymond James upped their price objective on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $193.83.

Insider Activity

In other news, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares in the company, valued at $127,904. This represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock worth $2,136,277 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JBHT. True Wealth Design LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter worth approximately $26,000. Cromwell Holdings LLC grew its position in J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after acquiring an additional 76 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 6.8 %

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average price is $180.47 and its two-hundred day moving average price is $173.76. The stock has a market capitalization of $17.50 billion, a P/E ratio of 31.53, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16.

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.