Insider Selling: J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Sells 2,200 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Spencer Frazier sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

J.B. Hunt Transport Services Trading Up 4.2 %

NASDAQ JBHT traded up $7.78 during trading on Wednesday, hitting $193.34. The stock had a trading volume of 1,310,914 shares, compared to its average volume of 859,167. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $19.49 billion, a price-to-earnings ratio of 33.74, a P/E/G ratio of 3.10 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The stock has a 50 day simple moving average of $172.73 and a 200 day simple moving average of $166.86.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same quarter last year, the firm earned $1.80 earnings per share. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.68 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.89%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is currently 31.27%.

Institutional Trading of J.B. Hunt Transport Services

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of J.B. Hunt Transport Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after acquiring an additional 25,109 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of J.B. Hunt Transport Services by 6.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock valued at $269,611,000 after acquiring an additional 105,500 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of J.B. Hunt Transport Services by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock valued at $231,416,000 after acquiring an additional 5,179 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of J.B. Hunt Transport Services by 2,722.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock valued at $108,600,000 after acquiring an additional 525,729 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

JBHT has been the subject of a number of recent research reports. Loop Capital boosted their price objective on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research report on Thursday, October 17th. Citigroup started coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, October 9th. They issued a “buy” rating and a $201.00 target price for the company. TD Cowen upped their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Benchmark reaffirmed a “buy” rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Susquehanna upped their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.56.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.