Insider Selling: J.B. Hunt Transport Services (NASDAQ:JBHT) EVP Sells 2,000 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Spencer Frazier sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total value of $516,400.00. Following the completion of the sale, the executive vice president owned 4,604 shares in the company, valued at $1,188,752.80. This represents a 30.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

J.B. Hunt Transport Services Stock Up 2.1%

Shares of JBHT traded up $5.53 during midday trading on Tuesday, reaching $264.30. The stock had a trading volume of 98,933 shares, compared to its average volume of 1,012,383. The company has a market cap of $24.92 billion, a price-to-earnings ratio of 40.91, a PEG ratio of 1.93 and a beta of 1.28. The company’s fifty day simple moving average is $231.69 and its two-hundred day simple moving average is $211.52. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $265.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.86%.

Analysts Set New Price Targets

Several equities analysts recently commented on JBHT shares. Stifel Nicolaus boosted their price target on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, April 2nd. BMO Capital Markets upped their target price on shares of J.B. Hunt Transport Services from $245.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Citigroup lifted their price target on shares of 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 reissued an “outperform” rating and issued a $240.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. Finally, Benchmark lifted their target price on J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $228.17.

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

Institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new stake in J.B. Hunt Transport Services in the 3rd quarter worth approximately $25,000. Parkside Financial Bank & Trust grew its position in shares of J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after buying an additional 66 shares during the period. 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 purchasing an additional 76 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $31,000. Finally, Sentry Investment Management LLC acquired a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth about $32,000. Institutional investors and hedge funds 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.