Investors sold shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) on strength during trading on Monday after an insider sold shares in the company. $16.14 million flowed into the stock on the tick-up and $56.86 million flowed out of the stock on the tick-down, for a money net flow of $40.72 million out of the stock. Of all companies tracked, J.B. Hunt Transport Services had the 10th highest net out-flow for the day. J.B. Hunt Transport Services traded up $1.61 for the day and closed at $96.31Specifically, Chairman James K. Thompson sold 8,503 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $91.76, for a total transaction of $780,235.28. Following the transaction, the chairman now owns 51,846 shares in the company, valued at approximately $4,757,388.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Kuhlow sold 810 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $93.71, for a total transaction of $75,905.10. Following the transaction, the senior vice president now owns 3,999 shares in the company, valued at approximately $374,746.29. The disclosure for this sale can be found here. Insiders have sold a total of 33,448 shares of company stock worth $3,074,470 in the last quarter. Corporate insiders own 4.30% of the company’s stock.

JBHT has been the topic of several analyst reports. Bank of America Corporation reiterated a “buy” rating and set a $109.00 price target (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. Loop Capital reiterated a “buy” rating and set a $103.00 price target (down previously from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. Morgan Stanley reiterated an “equal weight” rating and set a $84.00 price target (down previously from $85.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. Stifel Nicolaus reiterated a “hold” rating and set a $88.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, June 23rd. Finally, Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $98.73.

The company has a market cap of $10.54 billion, a P/E ratio of 25.26 and a beta of 0.94. The stock’s 50 day moving average price is $91.36 and its 200 day moving average price is $91.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results 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. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the company posted $0.92 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts predict that J.B. Hunt Transport Services, Inc. will post $3.88 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 24.08%.

J.B. Hunt Transport Services declared that its board has initiated a stock buyback plan on Thursday, April 20th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 51% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in J.B. Hunt Transport Services by 1.9% in the second quarter. Vanguard Group Inc. now owns 9,568,454 shares of the transportation company’s stock valued at $874,366,000 after buying an additional 174,616 shares during the last quarter. BlackRock Inc. increased its position in J.B. Hunt Transport Services by 2,611.8% in the first quarter. BlackRock Inc. now owns 6,252,515 shares of the transportation company’s stock valued at $573,604,000 after buying an additional 6,021,944 shares during the last quarter. State Street Corp increased its position in J.B. Hunt Transport Services by 0.6% in the first quarter. State Street Corp now owns 3,804,690 shares of the transportation company’s stock valued at $349,041,000 after buying an additional 22,884 shares during the last quarter. Bank of New York Mellon Corp increased its position in J.B. Hunt Transport Services by 25.0% in the second quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock valued at $242,640,000 after buying an additional 531,089 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in J.B. Hunt Transport Services by 0.9% in the second quarter. Bessemer Group Inc. now owns 2,087,101 shares of the transportation company’s stock valued at $190,720,000 after buying an additional 18,900 shares during the last quarter. 73.14% of the stock is currently owned by institutional investors and hedge funds.

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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.

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