Brian Webb Sells 796 Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Brian Webb sold 796 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $189.11, for a total value of $150,531.56. Following the completion of the transaction, the executive vice president directly owned 15,697 shares of the company’s stock, valued at $2,968,459.67. This represents a 4.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

J.B. Hunt Transport Services Trading Up 4.4%

JBHT opened at $198.13 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $199.46. The stock has a market cap of $18.87 billion, a PE ratio of 34.34, a PEG ratio of 2.56 and a beta of 1.28. The business has a 50 day moving average of $165.32 and a 200-day moving average of $150.75.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.49 earnings per share. Equities research 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 Dividend Announcement

The firm also recently declared 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 of this dividend was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.50%.

J.B. Hunt Transport Services announced that its board has approved a stock repurchase program on Wednesday, October 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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

Several institutional investors have recently modified their holdings of JBHT. Root Financial Partners LLC purchased a new position in J.B. Hunt Transport Services in the 3rd quarter worth about $25,000. Cromwell Holdings LLC grew its stake in shares of 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 worth $28,000 after acquiring an additional 71 shares during the period. Summit Securities Group LLC raised its holdings in shares of J.B. Hunt Transport Services by 19,600.0% during the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 196 shares during the last quarter. Private Trust Co. NA lifted its position in J.B. Hunt Transport Services by 57.8% during 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. Finally, Parkside Financial Bank & Trust lifted its position in J.B. Hunt Transport Services by 41.5% during the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 66 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JBHT. Bank of America raised their target price on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Benchmark raised their price objective on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Evercore ISI boosted their target price on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. BMO Capital Markets increased their target price on J.B. Hunt Transport Services from $172.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Finally, Robert W. Baird lifted their price target on J.B. Hunt Transport Services from $164.00 to $173.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $167.05.

About J.B. Hunt Transport Services

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.