Insider Selling: J.B. Hunt Transport Services, Inc. (JBHT) EVP Sells $110,330.00 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $110.33, for a total value of $110,330.00. Following the completion of the transaction, the executive vice president now directly owns 16,690 shares of the company’s stock, valued at $1,841,407.70. The sale was disclosed in a filing with the SEC, which is available at this link.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) traded up $0.91 on Monday, hitting $112.51. The company’s stock had a trading volume of 577,000 shares, compared to its average volume of 944,435. The firm has a market cap of $12,350.00, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 2.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.48. J.B. Hunt Transport Services, Inc. has a 1 year low of $83.35 and a 1 year high of $112.99.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the business earned $0.97 EPS. J.B. Hunt Transport Services’s revenue was up 9.0% on a year-over-year basis. research analysts expect that J.B. Hunt Transport Services, Inc. will post 3.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Thursday, November 2nd. J.B. Hunt Transport Services’s payout ratio is currently 24.53%.

Institutional investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System grew its holdings in 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 purchasing an additional 1,439 shares during the period. Legal & General Group Plc boosted its holdings 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 period. Stephens Inc. AR boosted its holdings 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 period. Victory Capital Management Inc. boosted its holdings 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 period. Finally, American Century Companies Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 30.8% during the second quarter. American Century Companies Inc. now owns 1,095,010 shares of the transportation company’s stock worth $100,062,000 after acquiring an additional 257,725 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

A number of equities analysts have recently issued reports on JBHT shares. UBS raised J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and increased their target price for the stock from $115.00 to $126.00 in a report on Monday, October 23rd. Credit Suisse Group restated a “buy” rating and set a $114.00 price target (up from $100.00) on shares of J.B. Hunt Transport Services in a research report on Thursday, October 12th. They noted that the move was a valuation call. Loop Capital restated a “buy” rating and set a $116.00 price target (up from $103.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 4th. Robert W. Baird reiterated a “hold” rating and issued a $112.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, October 6th. Finally, Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Tuesday, September 19th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $109.41.

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About J.B. Hunt Transport Services

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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