J. B. Hunt (NASDAQ:JBHT) – Research analysts at KeyCorp lowered their Q1 2018 earnings estimates for shares of J. B. Hunt in a report released on Wednesday, April 11th. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $1.08 for the quarter, down from their previous forecast of $1.13. KeyCorp has a “Buy” rating and a $125.00 price objective on the stock.
J. B. Hunt (NASDAQ:JBHT) last posted its earnings results on Thursday, January 18th. The transportation company reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $2.45. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.93 billion. J. B. Hunt had a return on equity of 27.32% and a net margin of 9.55%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share.
JBHT stock opened at $112.61 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm has a market cap of $12,412.14, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 1.69 and a beta of 0.93. J. B. Hunt has a 52-week low of $83.35 and a 52-week high of $126.49.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. TIAA CREF Investment Management LLC grew its stake in J. B. Hunt by 61.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 817,711 shares of the transportation company’s stock worth $94,020,000 after purchasing an additional 311,590 shares in the last quarter. AGF Investments Inc. acquired a new position in J. B. Hunt during the 4th quarter worth $30,935,000. First Trust Advisors LP grew its stake in J. B. Hunt by 278.3% during the 4th quarter. First Trust Advisors LP now owns 364,590 shares of the transportation company’s stock worth $41,921,000 after purchasing an additional 268,216 shares in the last quarter. Teachers Advisors LLC grew its stake in J. B. Hunt by 118.4% during the 4th quarter. Teachers Advisors LLC now owns 486,595 shares of the transportation company’s stock worth $55,949,000 after purchasing an additional 263,823 shares in the last quarter. Finally, Telemark Asset Management LLC acquired a new position in J. B. Hunt during the 4th quarter worth $17,247,000. 72.24% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Johnnie B. Hunt, Jr. sold 2,328 shares of J. B. Hunt stock in a transaction on Friday, March 9th. The stock was sold at an average price of $121.00, for a total value of $281,688.00. Following the completion of the sale, the director now directly owns 70,697 shares of the company’s stock, valued at $8,554,337. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Earl Wayne Garrison sold 21,344 shares of J. B. Hunt stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $125.79, for a total value of $2,684,861.76. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.
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About J. B. Hunt
J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.
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