J.B. Hunt Transport Services (NASDAQ:JBHT) SVP Jennifer Boattini Sells 2,238 Shares

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) SVP Jennifer Boattini sold 2,238 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 27th. The stock was sold at an average price of $232.00, for a total transaction of $519,216.00. Following the sale, the senior vice president owned 16,650 shares in the company, valued at $3,862,800. This represents a 11.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

J.B. Hunt Transport Services Price Performance

JBHT traded down $1.38 during midday trading on Monday, reaching $232.04. 268,847 shares of the company’s stock were exchanged, compared to its average volume of 1,092,379. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $234.82. The business has a 50-day simple moving average of $211.37 and a two-hundred day simple moving average of $176.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the company posted $1.53 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were given a dividend of $0.45 per share. The ex-dividend date was Friday, February 6th. This is a positive change 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 dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 29.32%.

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

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of J.B. Hunt Transport Services by 74.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after acquiring an additional 6,668 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in J.B. Hunt Transport Services by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after purchasing an additional 13,729 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of J.B. Hunt Transport Services by 27.8% in the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after purchasing an additional 385 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $539,000. Finally, Bessemer Group Inc. raised its position in J.B. Hunt Transport Services by 69.8% in the second quarter. Bessemer Group Inc. now owns 1,114 shares of the transportation company’s stock worth $160,000 after acquiring an additional 458 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of analyst reports. Benchmark lifted their target price on shares of 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. UBS Group boosted their price target on shares of J.B. Hunt Transport Services from $174.00 to $196.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Truist Financial upped their price target on shares of J.B. Hunt Transport Services from $155.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, January 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $245.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, February 19th. Finally, Evercore set a $222.00 price target on J.B. Hunt Transport Services in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.00.

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.