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

J B Hunt Transport Services Inc (NASDAQ:JBHT) EVP Nicholas Hobbs sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $112.04, for a total transaction of $336,120.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ:JBHT traded down $2.34 during trading on Thursday, reaching $111.45. The stock had a trading volume of 999,687 shares, compared to its average volume of 1,044,260. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.11. J B Hunt Transport Services Inc has a 52 week low of $88.38 and a 52 week high of $131.74. The firm has a market cap of $12.37 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.52 and a beta of 1.10.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 17th. The transportation company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.67). J B Hunt Transport Services had a net margin of 5.68% and a return on equity of 30.72%. The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company posted $0.87 earnings per share. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that J B Hunt Transport Services Inc will post 6.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Friday, February 8th will be paid a $0.26 dividend. This is a positive change from J B Hunt Transport Services’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, February 7th. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.

JBHT has been the subject of a number of research analyst reports. BidaskClub cut shares of J B Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 8th. Stephens set a $118.00 target price on shares of J B Hunt Transport Services and gave the stock a “buy” rating in a report on Friday, December 14th. Credit Suisse Group reduced their target price on shares of J B Hunt Transport Services from $148.00 to $121.00 and set an “outperform” rating on the stock in a report on Tuesday, January 15th. Cowen reissued a “market perform” rating and set a $122.00 target price (down from $129.00) on shares of J B Hunt Transport Services in a report on Friday, January 18th. Finally, Zacks Investment Research raised shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research note on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $124.14.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vident Investment Advisory LLC boosted its stake in J B Hunt Transport Services by 16.6% during the third quarter. Vident Investment Advisory LLC now owns 4,460 shares of the transportation company’s stock worth $531,000 after acquiring an additional 635 shares in the last quarter. Millennium Management LLC boosted its stake in J B Hunt Transport Services by 318.1% during the second quarter. Millennium Management LLC now owns 22,538 shares of the transportation company’s stock worth $2,739,000 after acquiring an additional 17,147 shares in the last quarter. Legal & General Group Plc boosted its stake in J B Hunt Transport Services by 1.3% during the third quarter. Legal & General Group Plc now owns 445,961 shares of the transportation company’s stock worth $53,043,000 after acquiring an additional 5,818 shares in the last quarter. Standard Life Aberdeen plc boosted its stake in J B Hunt Transport Services by 13.7% during the third quarter. Standard Life Aberdeen plc now owns 22,812 shares of the transportation company’s stock worth $2,713,000 after acquiring an additional 2,751 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in J B Hunt Transport Services during the third quarter worth $7,834,000. 70.17% of the stock is currently owned by institutional investors and hedge funds.

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J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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