Insider Selling: J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Sells 1,200 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $154.18 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a twelve month low of $152.27 and a twelve month high of $202.78. The stock has a market cap of $15.42 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 1.61 and a beta of 1.16. The company’s fifty day moving average is $169.55 and its 200 day moving average is $174.17.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued 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). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.47 EPS. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.44 per share. The ex-dividend date was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.14%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio is 31.65%.

Analysts Set New Price Targets

Several brokerages have commented on JBHT. Stifel Nicolaus lowered their price objective on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. TD Cowen lowered their price objective on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research report on Friday, January 17th. Evercore ISI lowered their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Citigroup lowered their price objective on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, UBS Group lowered their price target on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a report on Friday, January 17th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $189.84.

Institutional Trading of J.B. Hunt Transport Services

Institutional investors have recently bought and sold shares of the company. Siemens Fonds Invest GmbH boosted its position in shares of J.B. Hunt Transport Services by 292.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 22,798 shares of the transportation company’s stock worth $3,891,000 after purchasing an additional 16,992 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter worth about $14,655,000. Mackenzie Financial Corp boosted its position in shares of J.B. Hunt Transport Services by 28.2% during the 4th quarter. Mackenzie Financial Corp now owns 8,739 shares of the transportation company’s stock worth $1,491,000 after purchasing an additional 1,923 shares in the last quarter. Forum Financial Management LP boosted its position in shares of J.B. Hunt Transport Services by 34.4% during the 4th quarter. Forum Financial Management LP now owns 1,799 shares of the transportation company’s stock worth $307,000 after purchasing an additional 460 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of J.B. Hunt Transport Services by 6.8% during the 4th quarter. Toronto Dominion Bank now owns 42,868 shares of the transportation company’s stock worth $7,316,000 after purchasing an additional 2,729 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.