J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Bradley W. Hicks sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $100.40, for a total value of $100,400.00. Following the transaction, the executive vice president now owns 17,690 shares in the company, valued at approximately $1,776,076. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at 100.06 on Wednesday. The stock’s 50 day moving average price is $93.17 and its 200 day moving average price is $91.88. The company has a market capitalization of $10.95 billion, a price-to-earnings ratio of 26.25 and a beta of 0.94. J.B. Hunt Transport Services, Inc. has a 12-month low of $76.20 and a 12-month high of $102.38.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.04. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.88 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio is currently 24.08%.

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Hedge funds have recently bought and sold shares of the stock. Lord Abbett & CO. LLC increased its stake in J.B. Hunt Transport Services by 9.2% in the second quarter. Lord Abbett & CO. LLC now owns 158,981 shares of the transportation company’s stock worth $14,528,000 after buying an additional 13,355 shares in the last quarter. Toronto Dominion Bank increased its stake in J.B. Hunt Transport Services by 24.1% in the second quarter. Toronto Dominion Bank now owns 29,101 shares of the transportation company’s stock worth $2,658,000 after buying an additional 5,642 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $211,000. Castleark Management LLC increased its stake in J.B. Hunt Transport Services by 9.3% in the second quarter. Castleark Management LLC now owns 249,957 shares of the transportation company’s stock worth $22,841,000 after buying an additional 21,324 shares in the last quarter. Finally, Nomura Holdings Inc. increased its stake in shares of J.B. Hunt Transport Services by 2,346.5% in the second quarter. Nomura Holdings Inc. now owns 204,184 shares of the transportation company’s stock worth $18,664,000 after buying an additional 195,838 shares during the period. 71.60% of the stock is owned by hedge funds and other institutional investors.

JBHT has been the topic of a number of recent research reports. J P Morgan Chase & Co initiated coverage on J.B. Hunt Transport Services in a research note on Tuesday, May 23rd. They set an “overweight” rating and a $107.00 price objective on the stock. Cowen and Company restated a “buy” rating and set a $102.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. Zacks Investment Research cut J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. Loop Capital restated a “buy” rating and set a $103.00 price objective (down previously from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $88.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, June 23rd. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $98.80.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Insider Buying and Selling by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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