J.B. Hunt Transport Services (NASDAQ:JBHT) EVP Sells $516,400.00 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Spencer Frazier sold 2,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the transaction, the executive vice president directly owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

J.B. Hunt Transport Services Trading Up 2.1%

Shares of JBHT stock traded up $5.53 during trading hours on Tuesday, hitting $264.30. 98,933 shares of the company were exchanged, compared to its average volume of 1,012,383. The firm has a market cap of $24.92 billion, a P/E ratio of 40.91, a P/E/G ratio of 1.93 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $265.36. The company has a 50 day simple moving average of $231.69 and a two-hundred day simple moving average of $211.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

Wall Street Analyst Weigh In

JBHT has been the topic of several research reports. Bank of America lifted their price target on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Wells Fargo & Company raised their price objective on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Stifel Nicolaus boosted their price objective on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, April 2nd. Citigroup raised their price target on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Finally, Benchmark increased their price target on J.B. Hunt Transport Services from $230.00 to $250.00 and gave the company a “buy” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.17.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of J.B. Hunt Transport Services by 7.1% in the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after acquiring an additional 272,594 shares during the period. Janus Henderson Group PLC lifted its holdings in J.B. Hunt Transport Services by 1.1% during the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock worth $843,937,000 after buying an additional 41,887 shares during the period. AQR Capital Management LLC grew its position in shares of J.B. Hunt Transport Services by 17.7% in the 4th quarter. AQR Capital Management LLC now owns 3,755,171 shares of the transportation company’s stock worth $729,780,000 after buying an additional 565,605 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in J.B. Hunt Transport Services by 18.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock worth $358,510,000 after buying an additional 416,167 shares during the period. Finally, Invesco Ltd. grew its position in J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock worth $216,317,000 after purchasing an additional 82,939 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Company Profile

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.