Bradley Hicks Sells 7,644 Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) insider Bradley Hicks sold 7,644 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $261.91, for a total value of $2,002,040.04. Following the transaction, the insider owned 23,982 shares of the company’s stock, valued at $6,281,125.62. This trade represents a 24.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

J.B. Hunt Transport Services Trading Down 0.3%

Shares of NASDAQ:JBHT traded down $0.75 during trading hours on Monday, hitting $261.46. 926,565 shares of the company’s stock traded hands, compared to its average volume of 1,029,202. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $264.22. The business has a fifty day moving average price of $226.22 and a 200-day moving average price of $207.68. The firm has a market capitalization of $24.66 billion, a P/E ratio of 40.47, a price-to-earnings-growth ratio of 1.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.04. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

Analyst Ratings Changes

JBHT has been the subject of several recent analyst reports. Argus set a $285.00 target price on J.B. Hunt Transport Services in a research report on Monday, April 20th. Benchmark boosted 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. Evercore reiterated an “outperform” rating and issued a $248.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. UBS Group boosted their price target on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Finally, Citigroup boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average price target of $228.17.

Institutional Trading of J.B. Hunt Transport Services

A number of large investors have recently modified their holdings of JBHT. Root Financial Partners LLC bought a new position in J.B. Hunt Transport Services in the third quarter worth approximately $25,000. Parkside Financial Bank & Trust raised its stake in J.B. Hunt Transport Services by 41.5% in the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after buying an additional 66 shares in the last quarter. Hantz Financial Services Inc. raised its stake in J.B. Hunt Transport Services by 52.8% in the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after buying an additional 76 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in J.B. Hunt Transport Services in the second quarter worth approximately $31,000. Finally, Sentry Investment Management LLC bought a new position in J.B. Hunt Transport Services in the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

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.