J.B. Hunt Transport Services (NASDAQ:JBHT) EVP Sells $1,017,960.00 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Darren Field sold 4,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the transaction, the executive vice president owned 8,696 shares in the company, valued at $2,213,045.04. This trade represents a 31.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $262.21 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $226.22 and its two-hundred day moving average is $207.68. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $263.24. The stock has a market capitalization of $24.73 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 1.95 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

Wall Street Analyst Weigh In

A number of research analysts have commented on JBHT shares. Morgan Stanley upped their price target on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Citigroup upped their price target on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Raymond James Financial restated an “outperform” rating and set a $240.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 15th. UBS Group upped their price objective on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Finally, Truist Financial upped their price objective on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $228.17.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in shares of J.B. Hunt Transport Services during the third quarter worth $25,000. Parkside Financial Bank & Trust increased its holdings in J.B. Hunt Transport Services by 41.5% in the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after buying an additional 66 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in J.B. Hunt Transport Services by 52.8% in the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after buying an additional 76 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in J.B. Hunt Transport Services in the second quarter valued at $31,000. Finally, Sentry Investment Management LLC purchased a new position in J.B. Hunt Transport Services in the third quarter valued at $32,000. 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 is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.