Traders Buy Large Volume of Call Options on J. B. Hunt (JBHT)

J. B. Hunt (NASDAQ:JBHT) saw some unusual options trading on Wednesday. Stock traders acquired 3,392 call options on the company. This is an increase of approximately 1,388% compared to the typical volume of 228 call options.

JBHT has been the subject of a number of recent research reports. BidaskClub lowered J. B. Hunt from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 7th. Zacks Investment Research raised J. B. Hunt from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a research note on Tuesday, April 3rd. Deutsche Bank raised J. B. Hunt from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a research note on Monday, April 2nd. Argus initiated coverage on J. B. Hunt in a research note on Tuesday, March 20th. They issued a “buy” rating and a $150.00 target price for the company. Finally, Bank of America boosted their target price on J. B. Hunt from $134.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $124.50.

Shares of J. B. Hunt opened at $127.12 on Friday, MarketBeat.com reports. J. B. Hunt has a 1 year low of $84.32 and a 1 year high of $129.74. The stock has a market cap of $13.68 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 1.86 and a beta of 0.94. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.39.

J. B. Hunt (NASDAQ:JBHT) last posted its earnings results on Monday, April 16th. The transportation company reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. J. B. Hunt had a return on equity of 25.90% and a net margin of 9.35%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The business’s revenue for the quarter was up 19.6% on a year-over-year basis. analysts expect that J. B. Hunt will post 5.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 18th. Shareholders of record on Friday, May 4th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, May 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.76%. J. B. Hunt’s dividend payout ratio (DPR) is 25.67%.

In other news, EVP Darren P. Field sold 500 shares of the business’s stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $126.12, for a total value of $63,060.00. Following the completion of the sale, the executive vice president now owns 2,360 shares of the company’s stock, valued at approximately $297,643.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Earl Wayne Garrison sold 100,000 shares of the business’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $120.54, for a total value of $12,054,000.00. Following the completion of the sale, the director now directly owns 1,870,000 shares of the company’s stock, valued at approximately $225,409,800. The disclosure for this sale can be found here. In the last three months, insiders sold 204,128 shares of company stock valued at $25,176,645. 4.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Assetmark Inc. grew its holdings in shares of J. B. Hunt by 422.9% during the 4th quarter. Assetmark Inc. now owns 1,574 shares of the transportation company’s stock worth $181,000 after acquiring an additional 1,273 shares during the period. Advisory Services Network LLC grew its holdings in shares of J. B. Hunt by 2,190.7% during the 4th quarter. Advisory Services Network LLC now owns 2,222 shares of the transportation company’s stock worth $255,000 after acquiring an additional 2,125 shares during the period. Driehaus Capital Management LLC purchased a new position in shares of J. B. Hunt during the 4th quarter worth approximately $276,000. Tower Research Capital LLC TRC grew its holdings in shares of J. B. Hunt by 312.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,758 shares of the transportation company’s stock worth $317,000 after acquiring an additional 2,089 shares during the period. Finally, OLD Mission Capital LLC purchased a new position in shares of J. B. Hunt during the 4th quarter worth approximately $347,000. Hedge funds and other institutional investors own 74.78% of the company’s stock.

About J. B. Hunt

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 through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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