J.B. Hunt Transport Services (NASDAQ:JBHT) EVP Ronald Greer Woodruff Sells 331 Shares

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Ronald Greer Woodruff sold 331 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $225.57, for a total value of $74,663.67. Following the transaction, the executive vice president directly owned 4,019 shares of the company’s stock, valued at $906,565.83. This trade represents a 7.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Ronald Greer Woodruff also recently made the following trade(s):

• On Wednesday, January 21st, Ronald Greer Woodruff sold 1,391 shares of J.B. Hunt Transport Services stock. The stock was sold at an average price of $207.00, for a total transaction of $287,937.00.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded up $0.42 during trading on Friday, reaching $225.67. 33,906 shares of the stock were exchanged, compared to its average volume of 1,112,115. The firm has a market cap of $21.49 billion, a PE ratio of 36.77, a PEG ratio of 1.85 and a beta of 1.27. The company has a current ratio of 0.83, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $229.44. The stock has a 50-day moving average price of $200.52 and a 200-day moving average price of $167.48.

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 the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the business earned $1.53 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

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

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Friday, January 16th. Benchmark boosted their price target on J.B. Hunt Transport Services from $212.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Stifel Nicolaus set a $201.00 price objective on J.B. Hunt Transport Services in a research note on Friday, January 16th. Truist Financial boosted their target price on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, January 15th. Finally, Barclays raised their price target on shares of J.B. Hunt Transport Services from $150.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. One 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $200.05.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently modified their holdings of the stock. State Street Corp grew its holdings in shares of J.B. Hunt Transport Services by 7.1% during the second quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after buying an additional 272,594 shares during the last quarter. AQR Capital Management LLC grew 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 buying an additional 1,389,723 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 valued at $358,510,000 after buying an additional 416,167 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,072,500 shares of the transportation company’s stock worth $296,383,000 after acquiring an additional 11,637 shares during the last quarter. Finally, Invesco Ltd. grew its position in J.B. Hunt Transport Services by 5.4% in the third quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock worth $216,317,000 after acquiring an additional 82,939 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

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.