Bradley Hicks Sells 2,000 Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) insider Bradley Hicks sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $190.04, for a total value of $380,080.00. Following the transaction, the insider directly owned 30,499 shares of the company’s stock, valued at approximately $5,796,029.96. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded up $2.19 during trading hours on Wednesday, hitting $187.92. The stock had a trading volume of 1,918,878 shares, compared to its average volume of 1,206,219. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $190.80. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 2.45 and a beta of 1.28. The stock’s fifty day moving average is $158.52 and its two-hundred day moving average is $148.75. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $1.49 EPS. As a group, analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services declared that its board has initiated a share buyback plan on Wednesday, October 22nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 30.50%.

Analyst Ratings Changes

JBHT has been the topic of a number of analyst reports. Bank of America raised their target price on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. UBS Group upped their target price on J.B. Hunt Transport Services from $157.00 to $174.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Evercore ISI increased their target price on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Stifel Nicolaus lifted their price target on J.B. Hunt Transport Services from $140.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, October 16th. Finally, Wells Fargo & Company increased their price objective on shares of J.B. Hunt Transport Services from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $166.30.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Several institutional investors and hedge funds have recently modified their holdings of the stock. Coldstream Capital Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 4.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,508 shares of the transportation company’s stock valued at $202,000 after buying an additional 65 shares during the period. Parkside Financial Bank & Trust boosted its holdings in J.B. Hunt Transport Services by 41.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after acquiring an additional 66 shares during the period. Cromwell Holdings LLC grew its position in J.B. Hunt Transport Services by 52.2% in the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 71 shares in the last quarter. Certuity LLC raised its stake in shares of J.B. Hunt Transport Services by 5.0% during the third quarter. Certuity LLC now owns 1,512 shares of the transportation company’s stock valued at $203,000 after purchasing an additional 72 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of J.B. Hunt Transport Services by 57.8% in the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 74 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

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.