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

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Ronald Greer Woodruff sold 331 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.57, for a total transaction of $74,663.67. Following the transaction, the executive vice president owned 4,019 shares of the company’s stock, valued at $906,565.83. This trade represents a 7.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $207.00, for a total value of $287,937.00.

J.B. Hunt Transport Services Trading Down 1.3%

Shares of NASDAQ JBHT traded down $2.97 during trading hours on Thursday, hitting $225.25. 1,154,007 shares of the company traded hands, compared to its average volume of 1,158,357. The stock has a market capitalization of $21.45 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 1.79 and a beta of 1.27. The company’s 50 day moving average price is $199.48 and its 200 day moving average price is $167.07. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $229.44. 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 (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.10 billion. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 earnings per share. On average, equities 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 announced that its Board of Directors has initiated a share buyback program on Wednesday, October 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 6th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is 28.66%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wolfe Research reiterated an “outperform” rating and issued a $214.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $227.00 target price on J.B. Hunt Transport Services in a report on Thursday, December 11th. Evercore ISI set a $222.00 price target on J.B. Hunt Transport Services in a research note on Friday, January 16th. Argus upgraded J.B. Hunt Transport Services to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Bank of America increased their target price on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus price target of $200.05.

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 business. Whittier Trust Co. grew its stake in shares of J.B. Hunt Transport Services by 39.1% during the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 50 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 1.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 3,324 shares of the transportation company’s stock valued at $646,000 after purchasing an additional 51 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in J.B. Hunt Transport Services by 4.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,508 shares of the transportation company’s stock valued at $202,000 after purchasing an additional 65 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after purchasing an additional 66 shares during the last quarter. Finally, Cromwell Holdings LLC raised its position in shares of J.B. Hunt Transport Services by 52.2% in the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 71 shares in the last quarter. 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.