J.B. Hunt Transport Services (NASDAQ:JBHT) Insider Bradley Hicks Sells 3,919 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Free Report) insider Bradley Hicks sold 3,919 shares of the business’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $210.13, for a total transaction of $823,499.47. Following the sale, the insider directly owned 26,580 shares in the company, valued at approximately $5,585,255.40. The trade was a 12.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

J.B. Hunt Transport Services Stock Down 1.9%

Shares of JBHT opened at $206.75 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $212.00. The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 1.71 and a beta of 1.27. The stock has a fifty day moving average of $192.24 and a 200-day moving average of $163.74.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last issued its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.J.B. Hunt Transport Services’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 6th will be paid a $0.45 dividend. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 6th. J.B. Hunt Transport Services’s payout ratio is currently 28.66%.

Analysts Set New Price Targets

Several equities analysts have issued reports on JBHT shares. Deutsche Bank Aktiengesellschaft set a $227.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, December 11th. Morgan Stanley increased their price objective on J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Bank of America lifted their target price on J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Barclays upped their price target on J.B. Hunt Transport Services from $150.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Finally, Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $160.00 to $240.00 in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.05.

Read Our Latest Analysis on J.B. Hunt Transport Services

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Coldstream Capital Management Inc. lifted its stake in shares of J.B. Hunt Transport Services by 4.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,508 shares of the transportation company’s stock valued at $202,000 after purchasing an additional 65 shares during the period. Parkside Financial Bank & Trust increased its holdings in J.B. Hunt Transport Services by 41.5% in the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after purchasing an additional 66 shares in the last quarter. Cromwell Holdings LLC lifted its stake in J.B. Hunt Transport Services by 52.2% in the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after buying an additional 71 shares during the period. Certuity LLC lifted its stake in J.B. Hunt Transport Services by 5.0% in the third quarter. Certuity LLC now owns 1,512 shares of the transportation company’s stock valued at $203,000 after buying an additional 72 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of J.B. Hunt Transport Services by 57.8% during the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after buying an additional 74 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Key J.B. Hunt Transport Services News

Here are the key news stories impacting J.B. Hunt Transport Services this week:

About J.B. Hunt Transport Services

(Get Free Report)

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.

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

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