Insider Selling: J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director Sells $771,628.00 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

J.B. Hunt Transport Services Trading Down 0.2 %

Shares of J.B. Hunt Transport Services stock opened at $169.96 on Friday. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The stock has a market cap of $17.14 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.61 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $178.40 and its 200-day moving average is $174.46.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company earned $1.47 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Friday, February 7th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio is 30.94%.

Institutional Investors Weigh In On J.B. Hunt Transport Services

A number of large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its stake in J.B. Hunt Transport Services by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock valued at $581,567,000 after acquiring an additional 22,563 shares during the period. State Street Corp raised its stake in J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after acquiring an additional 19,826 shares during the period. Parnassus Investments LLC raised its stake in J.B. Hunt Transport Services by 14.1% in the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock valued at $129,765,000 after acquiring an additional 93,213 shares during the period. Stifel Financial Corp raised its stake in J.B. Hunt Transport Services by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company’s stock valued at $110,524,000 after acquiring an additional 8,997 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in J.B. Hunt Transport Services by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock valued at $95,419,000 after acquiring an additional 12,040 shares during the period. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

JBHT has been the subject of several research analyst reports. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective for the company in a research report on Friday, January 3rd. Raymond James decreased their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Stifel Nicolaus reduced their price target on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. reduced their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $191.11.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.