J.B. Hunt Transport Services (NASDAQ:JBHT) EVP Sells $200,446.39 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP David Keefauver sold 703 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president directly owned 790 shares in the company, valued at approximately $225,252.70. This represents a 47.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

J.B. Hunt Transport Services Stock Down 2.2%

JBHT opened at $280.75 on Thursday. The stock has a market cap of $26.47 billion, a PE ratio of 43.46, a P/E/G ratio of 2.14 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $293.54. The business’s fifty day simple moving average is $249.94 and its 200 day simple moving average is $221.10.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly 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 net margin of 5.13% and a return on equity of 17.30%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.86%.

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

A number of institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its stake in J.B. Hunt Transport Services by 5.2% in the first quarter. Parallel Advisors LLC now owns 1,167 shares of the transportation company’s stock worth $247,000 after buying an additional 58 shares in the last quarter. Summitry LLC raised its stake in J.B. Hunt Transport Services by 2.9% in the first quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock worth $331,000 after buying an additional 44 shares in the last quarter. Groupama Asset Managment bought a new position in J.B. Hunt Transport Services in the first quarter worth about $257,000. Western Wealth Management LLC bought a new position in J.B. Hunt Transport Services in the first quarter worth about $124,000. Finally, Bank of America Corp DE raised its stake in J.B. Hunt Transport Services by 2.4% in the first quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock worth $96,332,000 after buying an additional 10,664 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on JBHT shares. Morgan Stanley upped their price target on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Raymond James Financial restated an “outperform” rating and set a $240.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 15th. Citigroup upped their price target on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Robert W. Baird upped their price target on shares of J.B. Hunt Transport Services from $215.00 to $236.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, Benchmark increased their target price on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned 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 $233.83.

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.