Recent Insider Transactions • May 22
Insider recently sold €1.7m worth of stock On the 15th of May, Bradley Hicks sold around 8k shares on-market at roughly €225 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Announcement • Apr 25
J.B. Hunt Transport Services, Inc. Declares Quarterly Dividend, Payable on May 22, 2026 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.45 per common share. The dividend is payable to stockholders of record on May 8, 2026 and will be paid on May 22, 2026. Announcement • Mar 12
J.B. Hunt Transport Services, Inc., Annual General Meeting, Apr 23, 2026 J.B. Hunt Transport Services, Inc., Annual General Meeting, Apr 23, 2026. Location: 615 j. b. hunt corporate drive, lowell, ar 72745, United States Announcement • Jan 23
J.B. Hunt Transport Services, Inc. Announces Increase to Quarterly Dividend, Payable on February 20, 2026 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.45 (forty five cents) per common share, which is a 2.3% increase over the previous quarterly dividend. The dividend is payable to stockholders of record on February 6, 2026 and will be paid on February 20, 2026. Announcement • Oct 24
J.B. Hunt Transport Services, Inc. (NasdaqGS:JBHT) announces an Equity Buyback for $1,000 million worth of its shares. J.B. Hunt Transport Services, Inc. (NasdaqGS:JBHT) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common shares. The repurchase program has no stated expiration date. Announcement • Oct 23
J. B. Hunt Transport Services, Inc. Announces Quarterly Dividend, Payable on November 21, 2025 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.44 (forty four cents) per common share. The dividend is payable to stockholders of record on November 7, 2025 and will be paid on November 21, 2025. Announcement • Oct 16
J.B. Hunt Transport Services, Inc. Provides Earnings Guidance for the Year 2025 J.B. Hunt Transport Services, Inc. provided earnings guidance for the year 2025. For the year, the company expects operating income to be approximately flat compared to 2024. Announcement • Jul 24
J. B. Hunt Transport Services, Inc. Announces Quarterly Dividend on Common Stock, Payable on August 22, 2025 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.44 (forty four cents) per common share. The dividend is payable to stockholders of record on August 8, 2025 and will be paid on August 22, 2025. Announcement • Jun 30
J.B. Hunt Transport Services, Inc.(NasdaqGS:JBHT) dropped from Russell 1000 Dynamic Index J.B. Hunt Transport Services, Inc.(NasdaqGS:JBHT) dropped from Russell 1000 Dynamic Index Announcement • May 30
J.B. Hunt Transport Services Inc. Opens New Office in Queretaro, Mexico J.B. Hunt Transport Services Inc. and GMXT announced the launch of a new intermodal offering for Mexico businesses with service-sensitive freight delivery. The new offering - Quantum de Mexico, a J.B. Hunt, BNSF and GMXT service™? - will follow the successful service model of its US counterpart launched by J.B. Hunt and BNSF in November 2023. Quantum provides the consistency, agility and speed needed to transport sensitive highway freight using rail, meeting businesses' " just in time" freight needs. The service is optimized for efficiency, offering a 95+% on-time delivery rate that's up to one day faster than traditional intermodal service. The new service utilizes the latest advancements in tracking and monitoring systems, providing real-time visibility and control over shipments, minimizing delays and optimizing performance. Designated J.B. Hunt,BNSF and GMXT support teams will provide 24x7 oversight, delivering consistent and reliable transit times including features like priority drayage as well as railcar loading and unloading. The three announced the new service at the Congreso Intermodal de la Asociacion Mexicana del Transporte Intermodal (AMTI) in Puerto Vallarta on May 30. To support customer needs and enable growth in Mexico, J.B. Hunt has opened a new office in Queretaro, Mexico. Quantum de Mexico will operate on key routes connecting major cities and industrial hubs in both countries. Some of the primary markets served include: US: Chicago, Dallas-Fort Worth, the US West Coast, and US eastern destinations; Mexico: Mexico City, Guadalajara and Monterrey. In 2024, J.B. Hunt, DNSF and GMXT launched intermodal service to and from Mexico through the Eagle Pass Gateway. Together, the three companies provide one of the most comprehensive transportation networks reaching locations throughout North America: J.B. Hunt owns and operates the largest intermodal fleet in North America with unparalleled coast-to-coast market access. BNSF operates the largest intermodal rail network in North America. GMXT is the largest rail provider in Mexico. As more businesses utilize Mexico to solve supply chain challenges, the country has grown to be one of the Top 10 exporters in the world, with more than 2/3 of those exports destined for the US. Top export industries include automotive, manufacturing, agricultural, electronics and other service-sensitive freight areas. The collaboration looks to capitalize on the untapped potential of intermodal service for businesses moving freight in and out of Mexico, including converting OTR highway freight to rail intermodal and optimizing container efficiency. Intermodal conversion is the most widely available ground transportation solution for cutting carbon emissions, reducing a shipment's carbon footprint by an average of 65% compared to OTR truck transportation. Announcement • Apr 26
J.B. Hunt Transport Services, Inc. Elects Brett Biggs as Director J.B. Hunt Transport Services, Inc. at the Annual Meeting of Stockholders held on April 24, 2025 elected Brett Biggs as Director for a term of one (1) year. Announcement • Apr 25
J. B. Hunt Transport Services, Inc. Announces Quarterly Dividend on Common Stock, Payable on May 9, 2025 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.44 (forty four cents) per common share. The dividend is payable to stockholders of record on May 9, 2025 and will be paid on May 23, 2025. Announcement • Mar 17
J.B. Hunt Transport Services, Inc., Annual General Meeting, Apr 24, 2025 J.B. Hunt Transport Services, Inc., Annual General Meeting, Apr 24, 2025. Location: companys headquarters, 615 j.b. hunt corporate drive in lowell, arkansas United States Announcement • Jan 24
J. B. Hunt Transport Services, Inc. Announces Quarterly Dividend, Payable on February 21, 2025 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.44 (forty four cents) per common share, which is a 2.3% increase over the previous quarterly dividend. The dividend is payable to stockholders of record on February 7, 2025 and will be paid on February 21, 2025. New Risk • Nov 08
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €1.7m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Announcement • Nov 05
J.B. Hunt Transport Services, Inc. Announces Executive Leadership Changes, Effective December 1, 2024 J.B. Hunt Transport Services, Inc. announced the following changes to its executive leadership team: Nick Hobbs, continuing his duties as Chief Operating Officer, has been named President of Highway and Final Mile Services® (FMS); Executive Vice President Brad Hicks has been named President of Dedicated Contract Services® (DCS®); David Keefauver has been named Executive Vice President of People. Nick Hobbs will become President of Highway and FMS, in addition to remaining Chief Operating Officer. As President of Highway Services, Hobbs will oversee the company’s Integrated Capacity Solutions (ICS) and Truckload (JBT) business units. His steady and disciplined approach led DCS and FMS to premier status as providers for private fleet replacement and big and bulky services. Hobbs recently celebrated 40 years with the company. As COO, Hobbs will continue to collaborate with all division operators to align the company’s Customer Value Delivery® efforts across the company’s organization and oversee the company’s maintenance and safety performance, led by Greer Woodruff, EVP of Safety, Sustainability and Maintenance. Eric McGee and Brian Webb will remain in their current roles as EVP of Highway Services and EVP of FMS, respectively, and support Hobbs in the leadership of these business units. Brad Hicks will assume the role of President of Dedicated Contract Services, having spent more than 25 years working across the company’s DCS segment, and will focus on expanding the business unit’s future market size opportunity. Previously serving as President of Highway Services, Hicks also served as Executive Vice President of DCS from 2017 to 2020, strengthening relationships with existing customers and driving new business opportunities. In his role as EVP of People, he also led the company’s efforts to support employees through enhancements to the company’s wellness and benefits, career growth and an inclusive culture. Hicks has 28 years of experience with the company. David Keefauver has been named EVP of People, bringing his people-first mindset to a new role and driving greater efficiencies across the organization’s personnel groups. Previously EVP of DCS, Keefauver has consistently leveraged his extensive operations experience, people leadership skills and focus on operational excellence to drive new growth. His leadership across DCS served customers with specialized equipment, qualified drivers and unmatched market density. Beginning his career with the company as a manager trainee, Keefauver has over 29 years of experience at J.B. Hunt. The new positions will be effective December 1, 2024. All three executives will report to President and CEO Shelley Simpson. Upcoming Dividend • Nov 04
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 08 November 2024. Payment date: 22 November 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.6%). Declared Dividend • Oct 21
Third quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 8th November 2024 Payment date: 22nd November 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (31% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 18
J. B. Hunt Transport Services, Inc. Declares Quarterly Dividend, Payable on November 22, 2024 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.43 (forty three cents) per common share. The dividend is payable to stockholders of record on November 8, 2024 and will be paid on November 22, 2024. Reported Earnings • Oct 16
Third quarter 2024 earnings released: EPS: US$1.49 (vs US$1.81 in 3Q 2023) Third quarter 2024 results: EPS: US$1.49 (down from US$1.81 in 3Q 2023). Revenue: US$3.07b (down 3.0% from 3Q 2023). Net income: US$152.1m (down 19% from 3Q 2023). Profit margin: 5.0% (down from 5.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Oct 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.2% to €154. The fair value is estimated to be €128, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.8% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Sep 29
J.B. Hunt Transport Services Inc. Adds 20 Additional Nikola FCEVs to Expand Sustainability Solutions for Customers J.B. Hunt Transport Services Inc. announced that it has added 20 Nikola Tre fuel cell electric vehicles (FCEVs) to expand sustainability solutions for customers with freight needs along the West Coast. Several of the new FCEVs are anticipated to support J.B. Hunt Intermodal operations in California and will primarily be utilized for port and drayage transport. They are expected to help alleviate growing shipper concerns with recent requirements in the state aimed at reducing carbon emissions and adopting zero-emission vehicle technology, specifically rules from the California Air Resource Board (CARB) and the South Coast AQMD's Warehouse Actions and Investments to Reduce Emissions (WAIRE) program. The Nikola FCEVs will join the 200-plus alternative-powered equipment vehicles that J.B. Hunt currently operates on behalf of customers, which includes battery-electric, hydrogen-electric and renewable natural gas (RNG) powered vehicles. Fueling and infrastructure support will be provided by Nikola via its HYLA brand. J.B. Hunt purchased three Nikola FCEVs in 2023 that are currently supporting dedicated customer operations. J.B. Hunt understands how to incorporate alternative-powered vehicles into customers' operations due to the company's trusted teams who are constantly testing and exploring opportunities to gain hands-on experience with them. Recently, J.B. Hunt kicked off a pilot program with Clean Energy featuring the new Cummins X15N engine, one of the latest developments in RNG-powered vehicles. J.B. Hunt also assisted customers Daimler Truck North America and Electrolux with adding alternative powered-vehicles to its operations. Incorporating alternative-powered equipment into its fleet, expanding the use of biogenic fuels and improving fuel economy are three key focus areas for J.B. Hunt to reach its ambitious goal to reduce carbon emission intensity 32% by 2034 from a baseline year of 2019. Overall progress toward all three areas helped the company surpass the halfway mark for reaching its ambitious goal last year. J.B. Hunt works closely with customers on solutions to help achieve their sustainability targets. In addition to incorporating alternative-powered equipment, the company's sustainability offerings for customers include: Intermodal conversion - J.B. Hunt is the industry leader in converting over-the-road shipments to rail, which on average reduces a shipment's carbon footprint by 65% versus highway truck transportation. Over the past decade, J.B. Hunt's intermodal service has helped avoid an estimated 30 million metric tons of CO2e emissions from over-the-road truck transportation. empty-mile reduction - By utilizing its industry leading technology platform J.B. Hunt 360®?, the company secured backhaul capacity for customers, driving out millions of empty miles every year. In 2023 alone, J.B. Hunt helped avoid an estimated 4-plus million empty miles. J.B. Hunt Carbon Diet Services - This best practices guide is used to advise customers on cost-effective means to reduce carbon emissions intensity using the company's carbon diet methodology. It includes the company's propriety CLEAN Transport™? Carbon Calculator used to determine a customer's carbon footprint. CLEAN Transport™? program - Through this carbon-neutral shipping offering, J.B. Hunt provides customers with a flexible method to acquire carbon offset credits equivalent to the emissions produced by their shipments. Announcement • Aug 19
J.B. Hunt Transport Services, Inc. (NasdaqGS:JBHT) announces an Equity Buyback for $1,000 million worth of its shares. J.B. Hunt Transport Services, Inc. (NasdaqGS:JBHT) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common shares. The repurchase program has no stated expiration date. Declared Dividend • Jul 22
Second quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 2nd August 2024 Payment date: 16th August 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (29% earnings payout ratio) but not covered by cash flows (147% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 18
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.2% to €148. The fair value is estimated to be €193, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Announcement • Jul 18
J. B. Hunt Transport Services, Inc. Announces Quarterly Dividend, Payable on August 16, 2024 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.43 (forty three cents) per common share. The dividend is payable to stockholders of record on August 2, 2024 and will be paid on August 16, 2024. Reported Earnings • Jul 17
Second quarter 2024 earnings released: EPS: US$1.32 (vs US$1.83 in 2Q 2023) Second quarter 2024 results: EPS: US$1.32 (down from US$1.83 in 2Q 2023). Revenue: US$2.93b (down 6.5% from 2Q 2023). Net income: US$135.9m (down 28% from 2Q 2023). Profit margin: 4.6% (down from 6.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Declared Dividend • May 06
First quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 9th May 2024 Payment date: 24th May 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not covered by cash flows (149% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Honorary Founding Director Wayne Garrison was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: US$1.24 (vs US$1.91 in 1Q 2023) First quarter 2024 results: EPS: US$1.24 (down from US$1.91 in 1Q 2023). Revenue: US$2.94b (down 8.8% from 1Q 2023). Net income: US$127.5m (down 36% from 1Q 2023). Profit margin: 4.3% (down from 6.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Apr 26
J. B. Hunt Transport Services, Inc. Announces Quarterly Dividend, Payable on May 24, 2024 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.43 (forty three cents) per common share. The dividend is payable to stockholders of record on May 10, 2024 and will be paid on May 24, 2024. Reported Earnings • Apr 17
First quarter 2024 earnings released: EPS: US$1.23 (vs US$1.91 in 1Q 2023) First quarter 2024 results: EPS: US$1.23 (down from US$1.91 in 1Q 2023). Revenue: US$2.94b (down 8.8% from 1Q 2023). Net income: US$127.5m (down 36% from 1Q 2023). Profit margin: 4.3% (down from 6.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Announcement • Mar 15
J.B. Hunt Transport Services, Inc., Annual General Meeting, Apr 25, 2024 J.B. Hunt Transport Services, Inc., Annual General Meeting, Apr 25, 2024, at 10:00 Central Daylight. Location: Company’s headquarters, located at 615 J.B. Hunt Corporate Drive in Lowell Arkansas City United States Agenda: To elect Directors for a term of one year; to consider and approve an advisory resolution regarding the Company’s compensation of its named executive officers; to ratify the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the 2024 calendar year; and to transact such other business as may properly come before the Annual Meeting or any adjournments thereof. Buy Or Sell Opportunity • Mar 08
Now 21% undervalued Over the last 90 days, the stock has risen 4.5% to €182. The fair value is estimated to be €229, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Recent Insider Transactions • Mar 07
Insider recently bought €934k worth of stock On the 4th of March, Patrick Ottensmeyer bought around 5k shares on-market at roughly €187 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €9.3m more in shares than they bought in the last 12 months. Recent Insider Transactions • Feb 26
Insider recently sold €1.3m worth of stock On the 23rd of February, Craig Harper sold around 7k shares on-market at roughly €197 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €9.1m more than they bought in the last 12 months. Buy Or Sell Opportunity • Feb 21
Now 21% undervalued Over the last 90 days, the stock has risen 11% to €184. The fair value is estimated to be €233, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Upcoming Dividend • Feb 01
Upcoming dividend of US$0.43 per share at 0.8% yield Eligible shareholders must have bought the stock before 08 February 2024. Payment date: 23 February 2024. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.8%). Declared Dividend • Jan 29
Fourth quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 8th February 2024 Payment date: 23rd February 2024 Dividend yield will be 0.8%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (24% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 19
Full year 2023 earnings released: EPS: US$6.97 (vs US$9.31 in FY 2022) Full year 2023 results: EPS: US$6.97 (down from US$9.31 in FY 2022). Revenue: US$12.8b (down 13% from FY 2022). Net income: US$728.3m (down 25% from FY 2022). Profit margin: 5.7% (down from 6.5% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Announcement • Jan 19
J.B. Hunt Transport Services, Inc. Declares Regular Quarterly Dividend, Payable on February 23, 2024 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.43 (forty three cents) per common share, which is a 2% increase over the previous quarterly dividend. The dividend is payable to stockholders of record on February 9, 2024 and will be paid on February 23, 2024. Announcement • Jan 17
J.B. Hunt Transport Services, Inc. Elects Patrick Ottensmeyer as Newest Member of Board of Directors J.B. Hunt Transport Services, Inc. announced that Patrick Ottensmeyer has been elected the newest member of its board of directors, effective January 12, expanding the board to 10 total board seats. Ottensmeyer brings more than 17 years of rail industry experience to the company’s board. He served as president and CEO of Kansas City Southern (KCS), a Class I railroad, from 2015 to 2023, until the completion of the merger creating Canadian Pacific Kansas City (CPKC) in 2023. From 2008 to 2015, he was executive vice president of sales and marketing at KCS and served as executive vice president and Chief Financial Officer at the railroad from 2006 to 2008. Ottensmeyer served as the U.S. Chairman of the U.S. Chamber of Commerce’s U.S.-Mexico Economic Council (USMXECO) from 2019 to 2023. In this role as leader of the U.S.-Mexico CEO Dialogue, he was instrumental in representing business interests during the formation of the United States-Mexico-Canada Agreement (USMCA) from 2017-2020. He currently serves on the board of directors for the U.S. Chamber of Commerce; for The Greenbrier Companies, a leading international supplier of equipment and services to global freight transportation markets; and for Watco Companies, a single-source transportation and supply chain services company with locations throughout North America and Australia. Ottensmeyer is co-chair of the Brookings Institute USMCA Initiative and chair of the Truman Library Institute. He received the North American Rail Shippers Association Edward R. Hamberger Lifetime Achievement Award in 2023 and was the recipient of Ingram’s Executive of the Year Award the prior year. Also in 2022, he and Keith Creel, then president and Chief Executive Officer of Canadian Pacific (CP), won Railway Age’s Co-Railroaders of the Year Award, in connection with the CP and KCS merger. He received the Railway Age Railroader of the Year recognition for the first time in 2020 and was recipient of Progressive Railroading’s Railroad Innovator Award in 2019. Ottensmeyer is the third new board member since 2021 for J.B. Hunt and will serve on the board’s Compensation Committee and Nominating and Governance Committee. Last year, Persio Lisboa joined the board following his retirement in 2021 as president and CEO of Navistar, Inc., a global original equipment manufacturer in the transportation industry. His 35-year career included extensive senior executive experience with Navistar. Prior to his top leadership role, Lisboa served as executive vice president and Chief Operating Officer from March 2017 to July 2020 and president, operations from November 2014 to February 2017. He was named the company’s Chief Procurement Officer in 2011 and vice president of purchasing and logistics in 2008. Prior to these roles, Lisboa held multiple management positions within Navistar’s North American and South American operations. Thad Hill was elected to the board in 2021. Hill is CEO of Calpine Corporation (Calpine), one of the nation’s largest independent competitive power companies operating power plants and retail businesses in 22 states and Ontario, Canada. Hill has led Calpine since 2014, when he was promoted from president and Chief Operating Officer to his current position. Prior to joining Calpine, Hill was Executive Vice President of NRG Energy and president of NRG Texas, where he was responsible for NRG’s largest regional business. The Board of Directors of J.B. Hunt Transport Services Inc. is composed of individuals with a variety of business and financial experience and backgrounds who represent the balanced interest of stockholders. Nominees for Directors are selected on the basis of, among other criteria, relevant business and financial expertise and experience, including the highest character and integrity, and freedom from conflicts of interest that would interfere with performance as a director. The Board maintains diversity in both gender and ethnic representation by selecting Directors whose backgrounds, attributes and experiences will contribute to the high standards of board service to the company. Announcement • Dec 15
J.B. Hunt Transport Services, Inc. Announces Executive Changes J.B. Hunt Transport Services Inc. announced that Craig Harper will retire from his current duties as chief sustainability officer effective December 31 and Greer Woodruff will assume responsibilities as executive vice president of safety, sustainability and maintenance effective January 1, 2024. Harper’s career with J.B. Hunt spanned 31 years leading multiple key services, operations and initiatives. In just four years after joining the company, he was named Chief Safety Officer, a newly created position at J.B. Hunt and one of the industry’s first. Harper would help revolutionize the company’s safety practices and initiatives. In 1997, he was appointed Chief Operations Officer and held that title until 2020, continuing to lead the companies’ safety efforts while taking on the challenge of establishing the best driving fleet in the country. In 2021, Harper was named Chief Sustainability Officer and has since led the company’s focused efforts to reduce its carbon footprint and help customers reduce theirs, including initiatives involving electric and autonomous vehicles and other emerging technologies. Harper was essential to helping the company set sustainability standards and goals, including its ambitious goal to reduce carbon emissions intensity 32% by 2034. In his new position, Woodruff will lead the company's sustainability initiatives, further its operational safety excellence and corporate security and oversee its equipment, maintenance and driver personnel departments. Woodruff has dedicated his 36-year career at J.B. Hunt to building the strong safety culture the company has today. He joined J.B. Hunt in 1987 as a management trainee working to centralize driver recruitment and application processing before moving into the company’s safety department to help establish truck driver training programs across the country. He has held multiple roles within the company, most recently serving as senior vice president over safety, security, and driver personnel where he kept J.B. Hunt’s fleet of over 25,000 drivers up to date on the latest safety, compliance and technology best practices, among other responsibilities. Woodruff is a well-known proponent for motor carrier safety, having served on several safety policy boards and committees. His commitment to advancing safety standards in the industry has earned multiple awards showcasing his expertise and influence, and in 2022, he was invited by the White House to advocate support for the Trucking Action Plan, a strategy to address the workforce issues facing the freight transportation industry. Recent Insider Transactions • Dec 07
President recently sold €934k worth of stock On the 5th of December, Shelley Simpson sold around 5k shares on-market at roughly €175 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Shelley's only on-market trade for the last 12 months. Announcement • Nov 14
BNSF Railway, GMXT and J.B. Hunt Transport Services Inc. Collaborate to Launch New Intermodal Service Through Eagle Pass Gateway to and from Mexico BNSF Railway (BNSF), GMXT and J.B. Hunt Transport Services Inc. announced their new intermodal service between Monterrey, Silao-Bajio and Pantaco-Mexico City regions, key markets in Northern and Central Mexico, through the Eagle Pass, Texas border gateway. This new intermodal service, scheduled to begin January 1, 2024, will be one day faster than the existing service from Monterrey to Chicago. It offers customers a reliable and more sustainable transportation option to move goods seamlessly across the border to and from Mexico with coast-to-coast access in the U.S. Trains carrying intermodal containers will interchange at Eagle Pass, Texas, to and from GMXT, which will operate the trains between the border crossing and Monterrey, Silao-Bajio and Pantaco-Mexico City six days a week. There will also be an alternative option over the El Paso, Texas border gateway. This new intermodal service offers new opportunities for customers to grow in the expanding Mexico markets. Service advantages: Market Reach: Unparalleled coast-to-coast market access through J.B. Hunt’s North American reach. Dedicated Support: Dedicated BNSF customer support team to track shipments from in-gate to out-gate to and from Mexico and the U.S. 24/7. Ease: Southbound shipments are moved in-bond (which means shipment documentation is handled at the final destination) to minimize Mexico Customs clearance delays. Once the shipments arrive at the destination ramp, customers can clear their cargo with the customs broker of their choice through Mexico Customs. Northbound shipments are pre-cleared with U.S. Customs by a customs broker of the customer’s choice. BNSF, GMXT, and J.B. Hunt have made significant investments to ensure the competitiveness, reliability and operating success of their intermodal networks. These investments will benefit all customers and ensure long-term ability to handle future growth including through this new service offering. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.42 per share at 1.0% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 24 November 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.2%). Reported Earnings • Oct 18
Third quarter 2023 earnings released: EPS: US$1.80 (vs US$2.60 in 3Q 2022) Third quarter 2023 results: EPS: US$1.80 (down from US$2.60 in 3Q 2022). Revenue: US$3.16b (down 18% from 3Q 2022). Net income: US$187.4m (down 30% from 3Q 2022). Profit margin: 5.9% (down from 7.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year and the company’s share price has also increased by 21% per year. Upcoming Dividend • Jul 27
Upcoming dividend of US$0.42 per share at 0.8% yield Eligible shareholders must have bought the stock before 03 August 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.3%). Announcement • Jul 22
J.B. Hunt Transport Services, Inc. Announces Quarterly Dividend, Payable on August 18, 2023 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.42 (forty two cents) per common share. The dividend is payable to stockholders of record on August 4, 2023 and will be paid on August 18, 2023. Reported Earnings • Jul 19
Second quarter 2023 earnings released: EPS: US$1.81 (vs US$2.45 in 2Q 2022) Second quarter 2023 results: EPS: US$1.81 (down from US$2.45 in 2Q 2022). Revenue: US$3.13b (down 18% from 2Q 2022). Net income: US$189.6m (down 26% from 2Q 2022). Profit margin: 6.1% (down from 6.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 16
Executive VP recently sold €567k worth of stock On the 12th of May, John Kuhlow sold around 4k shares on-market at roughly €162 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Announcement • May 05
J.B. Hunt Transport Services, Inc. Approves Election of Persio Lisboa as Director J.B. Hunt Transport Services, Inc. at it's Annual Meeting of Stockholders was held on April 27, 2023 approved election of Persio Lisboa as director. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 9 highly experienced directors. Independent Director Thad Hill was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 23
Executive VP & President of Intermodal recently sold €416k worth of stock On the 20th of April, Darren Field sold around 3k shares on-market at roughly €166 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €941k. Insiders have been net sellers, collectively disposing of €3.4m more than they bought in the last 12 months. Reported Earnings • Apr 18
First quarter 2023 earnings released: EPS: US$1.89 (vs US$2.32 in 1Q 2022) First quarter 2023 results: EPS: US$1.89 (down from US$2.32 in 1Q 2022). Revenue: US$3.23b (down 7.4% from 1Q 2022). Net income: US$197.8m (down 19% from 1Q 2022). Profit margin: 6.1% (down from 7.0% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 27
Full year 2022 earnings released: EPS: US$9.31 (vs US$7.22 in FY 2021) Full year 2022 results: EPS: US$9.31 (up from US$7.22 in FY 2021). Revenue: US$14.8b (up 22% from FY 2021). Net income: US$969.4m (up 27% from FY 2021). Profit margin: 6.5% (up from 6.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 26% per year. Recent Insider Transactions • Feb 16
Insider recently sold €941k worth of stock On the 13th of February, Craig Harper sold around 5k shares on-market at roughly €178 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Announcement • Feb 10
J.B. Hunt Transport Services, Inc. Announces Resignation of Gale V. King as Member of Board of Directors J.B. Hunt Transport Services, Inc. on February 6, 2023, Gale V. King, who has served as a member of Board of Directors since 2020, gave notice of her intention not to stand for re-election to the Board of Directors at 2023 Annual Meeting of Stockholders. Ms. King will not stand for re-election due to personal reasons and not as a result of any disagreement with the Company. Upcoming Dividend • Feb 02
Upcoming dividend of US$0.42 per share at 0.9% yield Eligible shareholders must have bought the stock before 09 February 2023. Payment date: 24 February 2023. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (4.6%). Announcement • Jan 20
J.B. Hunt Transport Services, Inc. Declares A Regular Quarterly Dividend on Its Common Stock, Payable on February 24, 2023 J.B. Hunt Transport Services, Inc. announced that its Board of Directors has declared a regular quarterly dividend on its common stock of $0.42 per common share, which is a 5% increase over the previous quarterly dividend. The dividend is payable to stockholders of record on February 10, 2023 and will be paid on February 24, 2023. Reported Earnings • Jan 19
Full year 2022 earnings released: EPS: US$9.21 (vs US$7.22 in FY 2021) Full year 2022 results: EPS: US$9.21 (up from US$7.22 in FY 2021). Revenue: US$14.8b (up 22% from FY 2021). Net income: US$969.4m (up 27% from FY 2021). Profit margin: 6.5% (up from 6.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Nov 16
President recently sold €1.3m worth of stock On the 11th of November, Shelley Simpson sold around 7k shares on-market at roughly €180 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Shelley's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 10
Senior Vice President of Sales recently sold €177k worth of stock On the 7th of November, Spencer Frazier sold around 1k shares on-market at roughly €177 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.0m more than they bought in the last 12 months. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: US$2.57 (vs US$1.90 in 3Q 2021) Third quarter 2022 results: EPS: US$2.57 (up from US$1.90 in 3Q 2021). Revenue: US$3.84b (up 22% from 3Q 2021). Net income: US$269.4m (up 35% from 3Q 2021). Profit margin: 7.0% (up from 6.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: US$2.57 (vs US$1.90 in 3Q 2021) Third quarter 2022 results: EPS: US$2.57 (up from US$1.90 in 3Q 2021). Revenue: US$3.84b (up 22% from 3Q 2021). Net income: US$269.4m (up 35% from 3Q 2021). Profit margin: 7.0% (up from 6.4% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 02
Executive VP & President of Intermodal recently sold €389k worth of stock On the 28th of July, Darren Field sold around 2k shares on-market at roughly €177 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.6m more than they bought in the last 12 months. Upcoming Dividend • Jul 28
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 04 August 2022. Payment date: 19 August 2022. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.0%). Buying Opportunity • Jul 24
Now 20% undervalued Over the last 90 days, the stock is up 7.3%. The fair value is estimated to be €209, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings is also forecast to grow by 3.2% per annum over the same time period. Reported Earnings • Jul 21
Second quarter 2022 earnings released: EPS: US$2.42 (vs US$1.63 in 2Q 2021) Second quarter 2022 results: EPS: US$2.42 (up from US$1.63 in 2Q 2021). Revenue: US$3.84b (up 32% from 2Q 2021). Net income: US$255.3m (up 48% from 2Q 2021). Profit margin: 6.7% (up from 5.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.9%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 22% per year. Buying Opportunity • Jun 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be €187, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings is also forecast to grow by 2.3% per annum over the same time period. Recent Insider Transactions • May 21
Independent Director recently bought €99k worth of stock On the 19th of May, Sharilyn Gasaway bought around 650 shares on-market at roughly €153 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €2.9m more in shares than they bought in the last 12 months. Reported Earnings • May 04
First quarter 2022 earnings released: EPS: US$2.32 (vs US$1.39 in 1Q 2021) First quarter 2022 results: EPS: US$2.32 (up from US$1.39 in 1Q 2021). Revenue: US$3.49b (up 33% from 1Q 2021). Net income: US$243.3m (up 66% from 1Q 2021). Profit margin: 7.0% (up from 5.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 24% per year. Reported Earnings • Apr 20
First quarter 2022 earnings released: EPS: US$2.29 (vs US$1.39 in 1Q 2021) First quarter 2022 results: EPS: US$2.29 (up from US$1.39 in 1Q 2021). Revenue: US$3.49b (up 33% from 1Q 2021). Net income: US$243.3m (up 66% from 1Q 2021). Profit margin: 7.0% (up from 5.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €161, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 10x in the Transportation industry in Europe. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €104 per share. Recent Insider Transactions • Mar 15
Insider recently sold €151k worth of stock On the 7th of March, Bradley Hicks sold around 800 shares on-market at roughly €189 per share. In the last 3 months, there was an even bigger sale from another insider worth €939k. Insiders have been net sellers, collectively disposing of €17m more than they bought in the last 12 months. Reported Earnings • Feb 28
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$7.22 (up from US$4.79 in FY 2020). Revenue: US$12.2b (up 26% from FY 2020). Net income: US$760.8m (up 50% from FY 2020). Profit margin: 6.3% (up from 5.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 15%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Feb 13
Insider recently sold €300k worth of stock On the 9th of February, Eric McGee sold around 2k shares on-market at roughly €170 per share. In the last 3 months, there was an even bigger sale from another insider worth €939k. Insiders have been net sellers, collectively disposing of €24m more than they bought in the last 12 months. 
