Insider Selling: J.B. Hunt Transport Services (NASDAQ:JBHT) EVP Sells $426,015.00 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president owned 15,881 shares in the company, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

J.B. Hunt Transport Services Stock Down 2.2%

J.B. Hunt Transport Services stock opened at $280.75 on Thursday. 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 business’s 50-day simple moving average is $249.94 and its two-hundred day simple moving average is $221.10. The company has a market cap of $26.47 billion, a PE ratio of 43.46, a PEG ratio of 2.14 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $293.54.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results 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 business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is presently 27.86%.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Summitry LLC increased its stake in shares of 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 valued at $331,000 after purchasing an additional 44 shares in the last quarter. Keybank National Association OH increased its stake in shares of J.B. Hunt Transport Services by 2.7% in the 1st quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock valued at $374,000 after purchasing an additional 46 shares in the last quarter. Root Financial Partners LLC increased its stake in shares of J.B. Hunt Transport Services by 25.4% in the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 47 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of J.B. Hunt Transport Services by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock valued at $1,827,000 after purchasing an additional 47 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JBHT. Barclays boosted their price objective on J.B. Hunt Transport Services from $200.00 to $235.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Argus set a $285.00 price objective on J.B. Hunt Transport Services in a report on Monday, April 20th. Benchmark boosted their price objective on J.B. Hunt Transport Services from $230.00 to $250.00 and gave the company a “buy” rating in a report on Friday, April 17th. TD Cowen boosted their price objective on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Finally, Truist Financial boosted their price objective on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $233.83.

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.