Insider Selling: J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director Sells $911,450.00 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director Gary Charles George sold 5,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, May 10th. The shares were sold at an average price of $182.29, for a total value of $911,450.00. Following the transaction, the director now owns 27,415 shares of the company’s stock, valued at $4,997,480.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of J.B. Hunt Transport Services stock opened at $173.18 on Thursday. The business’s 50 day moving average price is $170.11 and its 200 day moving average price is $148.67. The company has a market cap of $18.30 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. J.B. Hunt Transport Services, Inc. has a one year low of $95.30 and a one year high of $183.80.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, April 14th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.14. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.51 billion. J.B. Hunt Transport Services had a return on equity of 21.07% and a net margin of 5.31%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. On average, analysts predict that J.B. Hunt Transport Services, Inc. will post 4.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 21st. Investors of record on Friday, May 7th will be given a dividend of $0.30 per share. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, May 6th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 24.54%.

Several analysts recently commented on the stock. Raymond James raised their price target on shares of J.B. Hunt Transport Services from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, April 21st. Cowen lifted their price target on J.B. Hunt Transport Services from $145.00 to $167.00 and gave the company a “market perform” rating in a research note on Friday, April 16th. Credit Suisse Group increased their price target on J.B. Hunt Transport Services from $188.00 to $198.00 and gave the stock an “outperform” rating in a research report on Thursday, April 22nd. Wells Fargo & Company boosted their price objective on J.B. Hunt Transport Services from $174.00 to $190.00 and gave the company an “overweight” rating in a research report on Tuesday, April 20th. Finally, Bank of America upgraded J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and increased their target price for the company from $151.00 to $171.00 in a research report on Wednesday, March 10th. Eleven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $159.19.

A number of large investors have recently bought and sold shares of the business. Ergoteles LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 1st quarter valued at approximately $1,551,000. Geode Capital Management LLC increased its stake in J.B. Hunt Transport Services by 2.5% during the first quarter. Geode Capital Management LLC now owns 1,475,328 shares of the transportation company’s stock worth $247,330,000 after acquiring an additional 35,556 shares during the last quarter. Tiemann Investment Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the first quarter worth $213,000. Prudential Financial Inc. raised its position in J.B. Hunt Transport Services by 18.8% in the first quarter. Prudential Financial Inc. now owns 77,388 shares of the transportation company’s stock valued at $13,007,000 after purchasing an additional 12,271 shares during the period. Finally, Waddell & Reed Financial Inc. grew its holdings in shares of J.B. Hunt Transport Services by 1.0% during the 1st quarter. Waddell & Reed Financial Inc. now owns 783,823 shares of the transportation company’s stock worth $131,737,000 after purchasing an additional 7,971 shares during the period. Institutional investors own 69.25% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation and delivery services in North America. 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.

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Insider Buying and Selling by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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