Insider Selling: J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Sells 3,000 Shares of Stock


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J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Shelley Simpson sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, May 4th. The shares were sold at an average price of $174.50, for a total value of $523,500.00.

NASDAQ JBHT traded up $2.47 on Tuesday, reaching $176.57. 624,773 shares of the company were exchanged, compared to its average volume of 653,436. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average price is $167.51 and its 200 day moving average price is $146.64. The stock has a market capitalization of $18.66 billion, a P/E ratio of 37.97, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $95.30 and a fifty-two week high of $178.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, April 14th. The transportation company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.23 by $0.14. J.B. Hunt Transport Services had a return on equity of 21.07% and a net margin of 5.31%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 4.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 21st. Shareholders of record on Friday, May 7th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.68%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, May 6th. J.B. Hunt Transport Services’s payout ratio is presently 22.90%.

A number of equities research analysts have recently commented on JBHT shares. Vertical Research initiated coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 26th. They set a “buy” rating on the stock. Stephens upped their price objective on shares of J.B. Hunt Transport Services from $155.00 to $167.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 5th. Credit Suisse Group lifted their price target on J.B. Hunt Transport Services from $188.00 to $198.00 and gave the company an “outperform” rating in a research note on Thursday, April 22nd. Susquehanna Bancshares increased their price target on J.B. Hunt Transport Services from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Monday, April 12th. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $159.19.

Several institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of J.B. Hunt Transport Services by 3,194.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,074,806 shares of the transportation company’s stock valued at $283,523,000 after buying an additional 2,011,819 shares during the period. Norges Bank acquired a new stake in J.B. Hunt Transport Services during the fourth quarter worth $115,967,000. Ceredex Value Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the fourth quarter valued at $115,185,000. Premier Fund Managers Ltd acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at $30,901,000. Finally, Wells Fargo & Company MN grew its holdings in shares of J.B. Hunt Transport Services by 21.7% during the 4th quarter. Wells Fargo & Company MN now owns 935,718 shares of the transportation company’s stock worth $127,866,000 after purchasing an additional 167,111 shares during the period. 69.25% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

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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