J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Sells $275,250.00 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

J.B. Hunt Transport Services Stock Up 1.4 %

Shares of JBHT opened at $181.88 on Thursday. The company has a current ratio of 0.94, a quick ratio of 1.21 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $18.77 billion, a PE ratio of 28.87, a P/E/G ratio of 3.01 and a beta of 1.15. The firm’s 50 day moving average is $172.12 and its 200-day moving average is $166.66. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same quarter last year, the company earned $1.80 EPS. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.69 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services in the 3rd quarter valued at about $26,000. Versant Capital Management Inc boosted its position in shares of J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after acquiring an additional 149 shares in the last quarter. Innealta Capital LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. nVerses Capital LLC acquired a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $36,000. Institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JBHT. TD Cowen raised their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Evercore ISI increased their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Susquehanna lifted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group decreased their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Finally, Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $187.56.

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.