Spencer Frazier Sells 2,000 Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Spencer Frazier sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the transaction, the executive vice president directly owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $270.87 on Thursday. The firm’s fifty day moving average price is $234.40 and its 200-day moving average price is $212.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $25.54 billion, a P/E ratio of 41.93, a price-to-earnings-growth ratio of 1.99 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $273.00.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $1.17 EPS. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.86%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Weiss Ratings cut shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, April 24th. Benchmark raised their price objective on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Evercore restated an “outperform” rating and set a $248.00 price objective on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Susquehanna raised their price objective on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the company a “positive” rating in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus raised their price objective on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $228.17.

Hedge Funds Weigh In On J.B. Hunt Transport Services

A number of large investors have recently added to or reduced their stakes in the business. Summitry LLC raised its position in J.B. Hunt Transport Services by 2.9% in the 1st quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock worth $331,000 after purchasing an additional 44 shares during the period. Groupama Asset Managment purchased a new position in J.B. Hunt Transport Services in the 1st quarter worth $257,000. Western Wealth Management LLC purchased a new position in J.B. Hunt Transport Services in the 1st quarter worth $124,000. Bank of America Corp DE raised its position in J.B. Hunt Transport Services by 2.4% in the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock worth $96,332,000 after purchasing an additional 10,664 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in J.B. Hunt Transport Services in the 1st quarter worth $6,864,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.