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JB Hunt Transport Services Inc (NAS:JBHT)
Shares Outstanding
119 Mil (As of Jun. 2014)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. JB Hunt Transport Services Inc's shares outstanding for the quarter that ended in Jun. 2014 was 119 Mil.

JB Hunt Transport Services Inc's quarterly shares outstanding declined from Mar. 2014 (119 Mil) to Jun. 2014 (119 Mil). It means JB Hunt Transport Services Inc bought back shares from Mar. 2014 to Jun. 2014 .

JB Hunt Transport Services Inc's annual shares outstanding declined from Dec. 2012 (120 Mil) to Dec. 2013 (119 Mil). It means JB Hunt Transport Services Inc bought back shares from Dec. 2012 to Dec. 2013 .


Definition

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.


Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Related Terms

Net Issuance of Stock, Buy Back Rate


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

JB Hunt Transport Services Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Shares Outstanding 166163152138129129128122120119

JB Hunt Transport Services Inc Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
Shares Outstanding 120120120120120119119119119119
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