J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) stock jumped 0.70% on Thursday to $190.68 against a previous-day closing price of $189.35. With 1.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.76 million shares. During the session, the Integrated Freight & Logistics company that operates in wider Industrials sector, reached to the highest price of $193.37 whereas the lowest price it dropped to was $189.63. The 52-week range on JBHT shows that it touched its highest point at $209.21 and its lowest point at $156.28 during that stretch. It currently has a 1-year price target of $199.96. With its current market cap of 19.86 billion, JBHT has annualized dividend of $1.68 while the current yield stands at 0.88%. Beta for the stock currently stands at 1.16.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JBHT was up-trending over the past week, with a rise of 2.48%, but this was down by -4.44% over a month. Three-month performance surged to 9.34% while six-month performance rose 12.98%. The stock gained 11.51% in the past year, while it has gained 9.36% so far this year. A look at the trailing 12-month EPS for JBHT yields 8.19 with Next year EPS estimates of 9.07. For the next quarter, that number is 1.91. This implies an EPS growth rate of 29.00% for this year and 17.59% for next year. EPS is expected to grow by 5.59% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 0.50%.
Float and Shares Shorts:
At present, 103.56 million JBHT shares are outstanding with a float of 81.69 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.12 million, which was 3.02% higher than short shares on Jul 30, 2023. In addition to Mr. John N. Roberts III as the firm’s CEO & Director, Ms. Shelley Simpson serves as its Pres.
Through their ownership of 75.06% of JBHT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 58.28% of JBHT, in contrast to 47.82% held by mutual funds. Shares owned by individuals account for 28.50%. As the largest shareholder in JBHT with 9.11% of the stake, The Vanguard Group, Inc. holds 9,411,538 shares worth 9,411,538. A second-largest stockholder of JBHT, T. Rowe Price Investment Manageme, holds 5,427,349 shares, controlling over 5.25% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in JBHT, holding 4,265,081 shares or 4.13% stake. With a 2.52% stake in JBHT, the T Rowe Price Mid Cap Growth Fund is the largest stakeholder. A total of 2,599,300 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.50% of JBHT stock, is the second-largest Mutual Fund holder. It holds 2,581,924 shares valued at 526.56 million. Janus Henderson Enterprise Fund holds 2.07% of the stake in JBHT, owning 2,134,842 shares worth 435.38 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, JBHT reported revenue of $3.84B and operating income of $353.08M. The EBITDA in the recently reported quarter was $353.08M and diluted EPS was $2.42.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JBHT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JBHT analysts setting a high price target of $225.00 and a low target of $170.00, the average target price over the next 12 months is $199.96. Based on these targets, JBHT could surge 18.0% to reach the target high and fall by -10.85% to reach the target low. Reaching the average price target will result in a growth of 4.87% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, JBHT has a current ratio of $1.68, which is $1.68 over the trailing 12-months, while a dividend of $1.2 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and JBHT currently yields $0.87. In the past year, JBHT’s dividend yield has been $0.87, but when looking at the stock over the past five years, its yield has been $0.85. Accordingly, JBHT has a current buyback yield of $0.91. This was $0.91 for the TTM, and it was $1.51 for the past five years.
Summary of Insider Activity:
Insiders traded JBHT stock several times over the past three months with 5 Buys and 13 Sells. In these transactions, 19,799 shares were bought while 20,844 shares were sold. The number of buy transactions has increased to 92 while that of sell transactions has risen to 98 over the past year. The total number of shares bought during that period was 190,563 while 126,424 shares were sold.