J B Hunt Transport Services Inc (NASDAQ:JBHT) CFO Sells $545,896.80 in Stock

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J B Hunt Transport Services Inc (NASDAQ:JBHT) CFO David G. Mee sold 4,776 shares of J B Hunt Transport Services stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $114.30, for a total value of $545,896.80. Following the completion of the transaction, the chief financial officer now owns 108,650 shares of the company’s stock, valued at approximately $12,418,695. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

JBHT stock opened at $110.07 on Friday. The business has a 50 day moving average price of $114.97 and a 200 day moving average price of $112.06. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.35 and a beta of 1.11. J B Hunt Transport Services Inc has a fifty-two week low of $83.64 and a fifty-two week high of $122.29. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.57.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Friday, January 17th. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.17). The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.46 billion. J B Hunt Transport Services had a return on equity of 25.65% and a net margin of 5.99%. J B Hunt Transport Services’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. As a group, sell-side analysts anticipate that J B Hunt Transport Services Inc will post 5.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $0.27 per share. This is a boost from J B Hunt Transport Services’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, February 6th. This represents a $1.08 annualized dividend and a yield of 0.98%. J B Hunt Transport Services’s payout ratio is presently 22.09%.

Several brokerages have recently issued reports on JBHT. BidaskClub cut J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Saturday, January 18th. Cowen reiterated a “hold” rating and issued a $118.00 price objective (down previously from $120.00) on shares of J B Hunt Transport Services in a research note on Tuesday, January 21st. Barclays reiterated a “hold” rating and issued a $125.00 price objective on shares of J B Hunt Transport Services in a research note on Sunday, January 19th. Stephens decreased their price objective on J B Hunt Transport Services from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus lifted their price objective on J B Hunt Transport Services from $106.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. J B Hunt Transport Services currently has an average rating of “Hold” and a consensus price target of $114.00.

A number of hedge funds have recently bought and sold shares of JBHT. Victory Capital Management Inc. increased its position in J B Hunt Transport Services by 1,601.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,687,633 shares of the transportation company’s stock worth $182,146,000 after buying an additional 1,588,432 shares during the period. Bank of New York Mellon Corp increased its position in J B Hunt Transport Services by 12.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,409,139 shares of the transportation company’s stock worth $164,560,000 after buying an additional 155,926 shares during the period. Westfield Capital Management Co. LP increased its position in J B Hunt Transport Services by 5.1% during the fourth quarter. Westfield Capital Management Co. LP now owns 887,374 shares of the transportation company’s stock worth $103,628,000 after buying an additional 43,372 shares during the period. Scopus Asset Management L.P. increased its position in J B Hunt Transport Services by 413.7% during the fourth quarter. Scopus Asset Management L.P. now owns 646,197 shares of the transportation company’s stock worth $75,463,000 after buying an additional 852,218 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in J B Hunt Transport Services by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 580,327 shares of the transportation company’s stock worth $67,771,000 after buying an additional 9,726 shares during the period. Hedge funds and other institutional investors own 75.21% of the company’s stock.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

See Also: Buy Rating

Insider Buying and Selling by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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