J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Sells $194,004.00 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT traded down $2.63 during trading on Tuesday, reaching $157.58. The stock had a trading volume of 47,931 shares, compared to its average volume of 853,575. The stock has a market capitalization of $15.76 billion, a PE ratio of 28.28, a P/E/G ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $203.02. The business’s 50-day moving average price is $169.88 and its 200 day moving average price is $174.34. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the business posted $1.47 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. As a group, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s payout ratio is currently 31.65%.

Institutional Trading of J.B. Hunt Transport Services

A number of institutional investors have recently bought and sold shares of JBHT. Arvest Bank Trust Division acquired a new position in J.B. Hunt Transport Services during the third quarter valued at approximately $1,578,000. State Street Corp lifted its stake in J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after buying an additional 19,826 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in J.B. Hunt Transport Services by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock valued at $95,419,000 after buying an additional 12,040 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 2.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock valued at $32,861,000 after buying an additional 3,910 shares during the period. Finally, Abound Wealth Management increased its position in shares of J.B. Hunt Transport Services by 145,850.0% during the fourth quarter. Abound Wealth Management now owns 2,919 shares of the transportation company’s stock worth $498,000 after acquiring an additional 2,917 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on JBHT. Stifel Nicolaus decreased their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. Citigroup lowered their price objective on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft started coverage on J.B. Hunt Transport Services in a research report on Friday. They issued a “hold” rating and a $167.00 target price for the company. TD Cowen decreased their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. Finally, Stephens restated an “overweight” rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $189.84.

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.