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In a recent filing with the Securities and Exchange Commission, J.B. Hunt Transport Services, Inc. reported the outcomes of its Annual Meeting of Stockholders, which took place on Thursday, April 24, 2025. The Arkansas-based trucking company, listed on NASDAQ under the ticker JBHT and currently valued at $12.9 billion, confirmed the election of its directors, the approval of executive compensation, and the ratification of its independent accounting firm. According to InvestingPro data, the company maintains strong profitability with $12.1 billion in revenue and an 18.8% gross profit margin over the last twelve months.
The shareholders re-elected all nine director nominees for a one-year term, with the for-votes ranging from 81,124,500 for James L. Robo to 89,497,565 for Brett Biggs. Each director faced varying degrees of opposition, but all were successfully elected with a substantial majority.
In an advisory capacity, shareholders approved the compensation of named executive officers, with 85,048,145 votes in favor, 4,814,285 against, and 185,676 abstentions. The non-binding vote indicates shareholder satisfaction with the company’s executive compensation strategy.
Furthermore, the appointment of PricewaterhouseCoopers LLP as J.B. Hunt’s independent registered public accounting firm for the year 2025 was ratified with overwhelming support, receiving 94,442,062 votes for and 220,138 against, with 189,455 abstentions.
No other business was conducted at the meeting. The company, which operates under the Standard Industrial Classification code for Trucking (No Local) [4213], emphasized the importance of these decisions in its corporate governance and oversight.
This report is based on the formal 8-K submission by J.B. Hunt Transport Services, Inc., reflecting the company’s commitment to transparency and regulatory compliance. The outcomes of the meeting provide insight into the company’s leadership and financial oversight as it continues its operations in the energy and transportation sector.
In other recent news, J.B. Hunt Transport Services reported first-quarter earnings per share of $1.17, which matched FactSet’s projection and slightly surpassed Benchmark’s expectation of $1.15. Despite the uncertain economic outlook, the company’s results exceeded initial apprehensions, with a 7.6% year-over-year increase in intermodal load growth. However, pricing power remains limited, and the recent bid season for intermodal was incrementally worse, prompting J.B. Hunt to focus on cost management and reduce capital expenditure plans. Analysts at TD Cowen lowered their price target for J.B. Hunt to $140, citing volume concerns, while maintaining a Hold rating. UBS also adjusted their price target to $155, down from $196, but kept a Buy rating, reflecting a cautious outlook on intermodal volumes. Similarly, BMO Capital Markets reduced their price target to $175 from $200, maintaining an Outperform rating due to strong intermodal performance despite macroeconomic uncertainties. Benchmark analysts revised their price target to $165, maintaining a Buy rating and expressing optimism about J.B. Hunt’s long-term earnings growth. Additionally, J.B. Hunt declared a quarterly dividend of $0.44 per share, demonstrating its commitment to providing returns to shareholders.
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