J B Hunt Transport Services Sees Unusually Large Options Volume (JBHT)

J B Hunt Transport Services Inc (NASDAQ:JBHT) was the target of some unusual options trading activity on Wednesday. Investors purchased 7,309 call options on the company. This is an increase of 14,231% compared to the average daily volume of 51 call options.

A number of brokerages have issued reports on JBHT. BidaskClub raised shares of J B Hunt Transport Services from a “strong sell” rating to a “sell” rating in a report on Friday, March 29th. Zacks Investment Research lowered shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Thursday, February 7th. ValuEngine upgraded J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Barclays lowered their target price on J B Hunt Transport Services from $128.00 to $120.00 and set an “equal weight” rating for the company in a research report on Thursday, April 4th. Finally, Buckingham Research lowered their target price on J B Hunt Transport Services from $132.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $124.00.

Shares of J B Hunt Transport Services stock opened at $102.38 on Thursday. The firm has a market cap of $11.20 billion, a PE ratio of 18.06, a PEG ratio of 1.41 and a beta of 1.13. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 1.11. J B Hunt Transport Services has a 12 month low of $88.38 and a 12 month high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 17th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.67). The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.29 billion. J B Hunt Transport Services had a net margin of 5.68% and a return on equity of 30.72%. The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 EPS. Sell-side analysts predict that J B Hunt Transport Services will post 6.1 earnings per share for the current year.

In other J B Hunt Transport Services news, COO Alfred C. Harper sold 7,100 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $105.87, for a total transaction of $751,677.00. Following the completion of the sale, the chief operating officer now directly owns 16,756 shares of the company’s stock, valued at approximately $1,773,957.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David G. Mee sold 2,886 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $109.06, for a total transaction of $314,747.16. Following the sale, the chief financial officer now directly owns 110,500 shares of the company’s stock, valued at $12,051,130. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,986 shares of company stock valued at $1,402,544. Insiders own 3.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in JBHT. Bank of New York Mellon Corp increased its stake in shares of J B Hunt Transport Services by 23.1% during the third quarter. Bank of New York Mellon Corp now owns 2,455,788 shares of the transportation company’s stock valued at $292,090,000 after buying an additional 461,225 shares during the period. Virtu Financial LLC purchased a new position in J B Hunt Transport Services in the third quarter valued at about $232,000. Dimensional Fund Advisors LP grew its stake in J B Hunt Transport Services by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 505,837 shares of the transportation company’s stock valued at $60,162,000 after purchasing an additional 13,748 shares during the last quarter. Standard Life Aberdeen plc grew its stake in J B Hunt Transport Services by 13.7% in the third quarter. Standard Life Aberdeen plc now owns 22,812 shares of the transportation company’s stock valued at $2,713,000 after purchasing an additional 2,751 shares during the last quarter. Finally, United Services Automobile Association grew its stake in J B Hunt Transport Services by 4.2% in the third quarter. United Services Automobile Association now owns 54,313 shares of the transportation company’s stock valued at $6,460,000 after purchasing an additional 2,171 shares during the last quarter. Hedge funds and other institutional investors own 72.46% of the company’s stock.

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About J B Hunt Transport Services

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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