Insider Selling: J.B. Hunt Transport Services (NASDAQ:JBHT) EVP Sells 4,000 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Darren Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the sale, the executive vice president directly owned 8,696 shares in the company, valued at $2,213,045.04. The trade was a 31.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT traded up $6.12 on Friday, reaching $260.78. 1,096,818 shares of the stock traded hands, compared to its average volume of 1,020,600. The stock’s 50-day moving average price is $225.68 and its 200-day moving average price is $207.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $24.59 billion, a price-to-earnings ratio of 40.41, a P/E/G ratio of 1.77 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $263.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 earnings per share. Equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is 27.86%.

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

Several hedge funds have recently added to or reduced their stakes in JBHT. International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services during the fourth quarter worth about $32,000. Whittier Trust Co. increased its stake in shares of J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 50 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $25,000. CIBC Private Wealth Group LLC raised its position in shares of J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 48 shares during the period. Finally, Activest Wealth Management boosted its stake in J.B. Hunt Transport Services by 19,800.0% during the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on JBHT. Citigroup increased their price target on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Raymond James Financial reiterated an “outperform” rating and issued a $240.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 15th. Robert W. Baird increased their target price on J.B. Hunt Transport Services from $215.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Truist Financial raised their target price on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. Finally, Stifel Nicolaus boosted their price target on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average price target of $228.17.

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.