J.B. Hunt Transport Services (NASDAQ:JBHT) COO Nicholas Hobbs Sells 3,038 Shares

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) COO Nicholas Hobbs sold 3,038 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $201.97, for a total value of $613,584.86. Following the sale, the chief operating officer directly owned 90,318 shares of the company’s stock, valued at approximately $18,241,526.46. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded up $6.51 during midday trading on Wednesday, reaching $210.01. The company’s stock had a trading volume of 407,536 shares, compared to its average volume of 1,049,281. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83. The company has a market cap of $20.00 billion, a P/E ratio of 34.17, a P/E/G ratio of 1.66 and a beta of 1.27. The business’s 50 day moving average price is $189.67 and its two-hundred day moving average price is $162.68. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $209.53.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 15th. The transportation company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.81 by $0.09. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $1.53 EPS. On average, analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services announced that its board has authorized a share buyback program on Wednesday, October 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

JBHT has been the subject of several recent research reports. Truist Financial raised their price target on shares of J.B. Hunt Transport Services from $155.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, January 15th. BMO Capital Markets restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Friday. Wells Fargo & Company upped their price objective on shares of J.B. Hunt Transport Services from $170.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Benchmark boosted their price objective on J.B. Hunt Transport Services from $212.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, UBS Group boosted their price target on shares of J.B. Hunt Transport Services from $174.00 to $196.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $200.05.

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

A number of institutional investors have recently bought and sold shares of JBHT. Root Financial Partners LLC bought a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at about $25,000. Private Trust Co. NA increased its position in shares of J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 74 shares in the last quarter. Cromwell Holdings LLC increased its position in shares of J.B. Hunt Transport Services by 52.2% during the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 71 shares in the last quarter. Sentry Investment Management LLC purchased a new position in J.B. Hunt Transport Services in the 3rd quarter worth approximately $32,000. Finally, CYBER HORNET ETFs LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $31,000. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Company Profile

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.