J.B. Hunt Transport Services (NASDAQ:JBHT) CAO John Kuhlow Sells 1,000 Shares

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) CAO John Kuhlow sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $225.68, for a total value of $225,680.00. Following the sale, the chief accounting officer directly owned 17,931 shares in the company, valued at $4,046,668.08. This trade represents a 5.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

John Kuhlow also recently made the following trade(s):

• On Monday, December 1st, John Kuhlow sold 3,225 shares of J.B. Hunt Transport Services stock. The shares were sold at an average price of $179.76, for a total transaction of $579,726.00.

J.B. Hunt Transport Services Price Performance

JBHT stock traded down $2.60 during mid-day trading on Thursday, reaching $225.62. 823,276 shares of the company’s stock were exchanged, compared to its average volume of 1,141,315. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.87. The stock’s 50 day moving average is $199.48 and its 200 day moving average is $167.07. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $229.44. The company has a market cap of $21.48 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted 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. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company posted $1.53 EPS. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services announced that its Board of Directors has authorized a share buyback plan on Wednesday, October 22nd that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 6th will be paid a dividend of $0.45 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 28.66%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of J.B. Hunt Transport Services by 7.1% in the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after purchasing an additional 272,594 shares during the last quarter. AQR Capital Management LLC raised its stake in J.B. Hunt Transport Services by 77.2% in the 3rd quarter. AQR Capital Management LLC now owns 3,189,566 shares of the transportation company’s stock worth $426,126,000 after acquiring an additional 1,389,723 shares during the last quarter. JPMorgan Chase & Co. grew its position in J.B. Hunt Transport Services by 18.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock worth $358,510,000 after purchasing an additional 416,167 shares during the period. Geode Capital Management LLC boosted its position in J.B. Hunt Transport Services by 0.6% during the second quarter. Geode Capital Management LLC now owns 2,072,500 shares of the transportation company’s stock worth $296,383,000 after purchasing an additional 11,637 shares in the last quarter. Finally, Invesco Ltd. raised its stake in J.B. Hunt Transport Services by 5.4% in the 3rd quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock valued at $216,317,000 after purchasing an additional 82,939 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on JBHT. Truist Financial raised their price target on shares of J.B. Hunt Transport Services from $155.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. Wolfe Research reissued an “outperform” rating and set a $214.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, January 8th. UBS Group lifted their target price on J.B. Hunt Transport Services from $174.00 to $196.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Argus raised J.B. Hunt Transport Services to a “strong-buy” rating in a research report on Thursday, January 22nd. Finally, Benchmark upped their price target on shares of J.B. Hunt Transport Services from $212.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average price target of $200.05.

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.