J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) has a beta value of 1.15 and has seen 1.01 million shares traded in the recent trading session. The company, currently valued at $18.53B, closed the recent trade at $181.66 per share which meant it gained $7.01 on the day or 4.02% during that session. The JBHT stock price is -20.84% off its 52-week high price of $219.51 and 15.71% above the 52-week low of $153.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.75 million shares traded. The 3-month trading volume is 845.23K shares.
The consensus among analysts is that J.B. Hunt Transport Services, Inc. (JBHT) is Buy stock at the moment, with a recommendation rating of 1.88. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 16 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.58.
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J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) trade information
Sporting 4.02% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the JBHT stock price touched $181.66 or saw a rise of 3.31%. Year-to-date, J.B. Hunt Transport Services, Inc. shares have moved -9.05%, while the 5-day performance has seen it change 9.38%. Over the past 30 days, the shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) have changed 8.14%. Short interest in the company has seen 1.31 million shares shorted with days to cover at 1.72.
Wall Street analysts have a consensus price target for the stock at $193, which means that the shares’ value could jump 5.88% from the levels at last check today. The projected low price target is $160.0 while the price target rests at a high of $230.0. In that case, then, we find that the latest price level in today’s session is -26.61% off the targeted high while a plunge would see the stock lose 11.92% from the levels at last check today.
J.B. Hunt Transport Services, Inc. (JBHT) estimates and forecasts
Figures show that J.B. Hunt Transport Services, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 8.05% over the past 6 months, with this year growth rate of -20.09%, compared to -17.40% for the industry. Revenue growth from the last financial year stood is estimated to be -5.90%.
14 analysts offering their estimates for the company have set an average revenue estimate of 3.15B for the current quarter. 8 have an estimated revenue figure of 3.03B for the next ending quarter. Year-ago sales stood 3.3B and 2.94B respectively for this quarter and the next, and analysts expect sales will shrink by -4.50% for the current quarter and -5.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 9.50% over the past 5 years. Earnings growth for 2024 is a modest -18.94% while over the next 5 years, the company’s earnings are expected to increase by 9.72%.
JBHT Dividends
J.B. Hunt Transport Services, Inc. is expected to release its next earnings report on 2025-Jan-16 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.71 at a share yield of 0.94%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.84%.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)’s Major holders
Insiders own 20.08% of the company shares, while shares held by institutions stand at 75.36% with a share float percentage of 94.29%. Investors are also buoyed by the number of investors in a company, with J.B. Hunt Transport Services, Inc. having a total of 881.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 9.99 million shares worth more than $1.6 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.6791% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 6.39 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.02 billion and represent 6.185% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Janus Henderson Enterprise Fund. As of Jun 30, 2024, the former fund manager holds about 2.56% shares in the company for having 2.61 shares of worth $467.94 million while later fund manager owns 2.58 shares of worth $462.3 million as of Jun 30, 2024, which makes it owner of about 2.53% of company’s outstanding stock.
