Insider Buying: J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) CEO Buys $998,572.00 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average price of $161.06 per share, with a total value of $998,572.00. Following the completion of the acquisition, the chief executive officer now owns 313,955 shares in the company, valued at approximately $50,565,592.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $163.52 on Thursday. The business’s fifty day moving average price is $191.09 and its two-hundred day moving average price is $191.63. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $160.07 and a fifty-two week high of $219.51. The stock has a market capitalization of $16.88 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in J.B. Hunt Transport Services by 184.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after buying an additional 1,397,651 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of J.B. Hunt Transport Services by 7,720.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock worth $196,485,000 after acquiring an additional 971,124 shares during the last quarter. Norges Bank bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth about $185,299,000. Royal Bank of Canada raised its stake in shares of J.B. Hunt Transport Services by 437.9% in the third quarter. Royal Bank of Canada now owns 244,091 shares of the transportation company’s stock worth $46,016,000 after acquiring an additional 198,713 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of J.B. Hunt Transport Services by 24.7% in the third quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company’s stock worth $167,664,000 after acquiring an additional 176,027 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

JBHT has been the subject of several analyst reports. BMO Capital Markets reduced their target price on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. TD Cowen cut their price target on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. UBS Group cut their price target on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Evercore ISI cut their price target on J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Finally, Benchmark reiterated a “buy” rating and set a $215.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.24.

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.