Albert Brad Delco Sells 1,000 Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) CFO Albert Brad Delco sold 1,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $179.54, for a total value of $179,540.00. Following the completion of the transaction, the chief financial officer owned 7,043 shares in the company, valued at $1,264,500.22. This represents a 12.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $187.54 on Friday. The firm has a 50 day simple moving average of $160.72 and a 200 day simple moving average of $149.30. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $190.95. The stock has a market cap of $17.86 billion, a P/E ratio of 32.50, a P/E/G ratio of 2.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.30. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.49 EPS. Research 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 approved a share repurchase plan on Wednesday, October 22nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 30.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Truist Financial raised their price target on J.B. Hunt Transport Services from $145.00 to $155.00 and gave the stock a “hold” rating in a research note on Thursday, October 16th. Benchmark raised their price objective on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Sanford C. Bernstein set a $172.00 target price on shares of J.B. Hunt Transport Services in a research report on Thursday, October 16th. TD Cowen increased their price target on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the stock a “hold” rating in a research note on Thursday, October 16th. Finally, Raymond James Financial raised their price target on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $166.30.

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

A number of institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of J.B. Hunt Transport Services by 44.1% during the 3rd quarter. Allworth Financial LP now owns 4,387 shares of the transportation company’s stock worth $589,000 after buying an additional 1,343 shares during the period. Swiss Life Asset Management Ltd lifted its position in J.B. Hunt Transport Services by 70.3% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 22,818 shares of the transportation company’s stock worth $3,061,000 after acquiring an additional 9,416 shares during the last quarter. Investment Research Partners LLC bought a new stake in J.B. Hunt Transport Services during the third quarter valued at about $234,000. Trust Investment Advisors grew its position in shares of J.B. Hunt Transport Services by 10.5% in the third quarter. Trust Investment Advisors now owns 4,897 shares of the transportation company’s stock valued at $657,000 after purchasing an additional 464 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at about $1,420,000. Institutional investors own 74.95% of the company’s stock.

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.