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JB Hunt Transport Services Inc JBHT

Morningstar Rating
$160.75 +3.80 (2.42%)
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Company Report

J.B. Hunt's Core Intermodal Business Still Navigating Intense Trucking Sector Competition

At its core, J.B. Hunt is an intermodal marketing company; it contracts with the Class I railroads for the line-haul movement of its domestic containers. It was one of the first for-hire truckload carriers to venture into intermodal shipping, forming a partnership with BNSF Railway in the West in 1990, followed by an agreement with Norfolk Southern in the East. Hunt has established a definitive leadership position in intermodal shipping, with a 20%-plus share of a $30 billion industry. The next-largest competitor is Hub Group, followed by the intermodal divisions of Schneider National, STG Logistics, and Knight Swift. Intermodal made up around 48% of Hunt's total revenue in 2023.

Price vs Fair Value

JBHT is trading at a 264% premium.
Price
$160.75
Fair Value
$268.00
Uncertainty
Medium
1-Star Price
$486.46
5-Star Price
$479.20
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Intermodal shipping enjoys favorable long-term trends, including secular constraints on truckload capacity expansion and shippers' efforts to minimize transportation costs through mode conversions (truck to rail).

Bears

Lackluster retail sector inventory replenishment is a near-term headwind to Hunt's overall freight volume.

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News

Trading Information

Previous Close Price
$156.95
Day Range
$157.55160.86
52-Week Range
$154.10219.51
Bid/Ask
$155.00 / $161.47
Market Cap
$16.59 Bil
Volume/Avg
1.2 Mil / 839,302

Key Statistics

Price/Earnings (Normalized)
23.57
Price/Sales
1.34
Dividend Yield (Trailing)
1.06%
Dividend Yield (Forward)
1.07%
Total Yield
2.22%

Company Profile

J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue. Its primary operating segments are intermodal delivery, which uses the Class I rail carriers for the underlying line-haul movement of its owned containers (48% of sales in 2023), dedicated trucking services that provide customer-specific fleet needs (28%), for-hire truckload (6%), heavy goods final-mile delivery (7%), and asset-light truck brokerage (11%).
Sector
Industrials
Industry
Integrated Freight & Logistics
Stock Style Box
Mid Core
Total Number of Employees
34,718

Competitors

Valuation

Metric
JBHT
CHRW
KNX
Price/Earnings (Normalized)
23.5727.0943.45
Price/Book Value
3.986.871.10
Price/Sales
1.340.581.07
Price/Cash Flow
10.2121.937.56
Price/Earnings
JBHT
CHRW
KNX

Financial Strength

Metric
JBHT
CHRW
KNX
Quick Ratio
0.871.300.70
Current Ratio
1.261.370.93
Interest Coverage
13.6318.501.73
Quick Ratio
JBHT
CHRW
KNX

Profitability

Metric
JBHT
CHRW
KNX
Return on Assets (Normalized)
8.95%7.18%1.48%
Return on Equity (Normalized)
18.53%28.44%2.55%
Return on Invested Capital (Normalized)
14.53%13.64%2.89%
Return on Assets
JBHT
CHRW
KNX
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Integrated Freight & Logistics Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
UPS
United Parcel Service Inc Class BNkfrxzcfnYcr$118.9 Bil
FDX
FedEx CorpMzvcplxncCvqgn$62.5 Bil
DPSTF
DHL GroupSjhrc$49.5 Bil
DHLGY
DHL Group ADRCjmsjwhmjKxrvttt$49.0 Bil
ZTO
ZTO Express (Cayman) Inc ADRHvfqxhlmTmtqrws$18.6 Bil
EXPD
Expeditors International of Washington IncPnqvsmtmnhZfrsh$16.8 Bil
CHRW
C.H. Robinson Worldwide IncLjtkvzvnlXhph$9.9 Bil
LSTR
Landstar System IncBkpjcprbfWgsz$6.4 Bil
HUBG
Hub Group Inc Class AQydqkwdtgVtgrrmq$2.7 Bil

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