Insider Selling: J.B. Hunt Transport Services, Inc. (JBHT) Director Sells $10,929,000.00 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director Earl Wayne Garrison sold 100,000 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $109.29, for a total transaction of $10,929,000.00. Following the completion of the sale, the director now directly owns 2,050,000 shares in the company, valued at $224,044,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Earl Wayne Garrison also recently made the following trade(s):

  • On Tuesday, August 29th, Earl Wayne Garrison sold 36,030 shares of J.B. Hunt Transport Services stock. The stock was sold at an average price of $100.23, for a total transaction of $3,611,286.90.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. J.B. Hunt Transport Services’s revenue was up 9.0% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.86%. J.B. Hunt Transport Services’s payout ratio is 24.47%.

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Hedge funds have recently modified their holdings of the company. State Board of Administration of Florida Retirement System grew its stake in shares of J.B. Hunt Transport Services by 1.0% during the second quarter. State Board of Administration of Florida Retirement System now owns 143,459 shares of the transportation company’s stock worth $13,109,000 after acquiring an additional 1,439 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 0.8% during the second quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock worth $238,000 after acquiring an additional 20 shares during the last quarter. Legal & General Group Plc grew its stake in shares of J.B. Hunt Transport Services by 10.8% during the second quarter. Legal & General Group Plc now owns 464,511 shares of the transportation company’s stock worth $42,446,000 after acquiring an additional 45,277 shares during the last quarter. Stephens Inc. AR grew its stake in shares of J.B. Hunt Transport Services by 12.2% during the second quarter. Stephens Inc. AR now owns 33,243 shares of the transportation company’s stock worth $3,038,000 after acquiring an additional 3,617 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 18.7% during the second quarter. Victory Capital Management Inc. now owns 20,718 shares of the transportation company’s stock worth $1,893,000 after acquiring an additional 3,267 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. UBS AG raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and upped their target price for the stock from $115.00 to $126.00 in a research report on Monday, October 23rd. Zacks Investment Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Tuesday, September 19th. BMO Capital Markets reaffirmed a “hold” rating and issued a $95.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, September 20th. Finally, Stifel Nicolaus set a $91.00 target price on shares of J.B. Hunt Transport Services and gave the stock a “hold” rating in a research report on Wednesday, August 23rd. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. J.B. Hunt Transport Services currently has a consensus rating of “Buy” and a consensus price target of $109.41.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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