J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Darren P. Field Sells 2,200 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) EVP Darren P. Field sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $179.85, for a total value of $395,670.00. Following the completion of the transaction, the executive vice president now owns 9,058 shares of the company’s stock, valued at approximately $1,629,081.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

J.B. Hunt Transport Services Trading Down 0.9 %

JBHT opened at $181.56 on Tuesday. The firm has a market cap of $19.02 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.27 and a beta of 1.12. The company has a current ratio of 1.22, a quick ratio of 1.27 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.92 and a 12 month high of $218.18. The stock has a fifty day moving average price of $166.60 and a 200-day moving average price of $180.80.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last released its quarterly earnings results on Tuesday, July 19th. The transportation company reported $2.42 EPS for the quarter, topping the consensus estimate of $2.35 by $0.07. The firm had revenue of $3.84 billion during the quarter, compared to analyst estimates of $3.61 billion. J.B. Hunt Transport Services had a return on equity of 29.82% and a net margin of 6.73%. The business’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 EPS. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 9.61 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 4th. This represents a $1.60 annualized dividend and a yield of 0.88%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 18.04%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. Van ECK Associates Corp grew its stake in J.B. Hunt Transport Services by 5.6% during the 4th quarter. Van ECK Associates Corp now owns 8,178 shares of the transportation company’s stock worth $1,672,000 after buying an additional 434 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in J.B. Hunt Transport Services during the 4th quarter worth $1,599,000. Bessemer Group Inc. grew its stake in J.B. Hunt Transport Services by 42.7% during the 4th quarter. Bessemer Group Inc. now owns 1,006 shares of the transportation company’s stock worth $206,000 after buying an additional 301 shares during the last quarter. National Asset Management Inc. purchased a new position in J.B. Hunt Transport Services during the 4th quarter worth $295,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in J.B. Hunt Transport Services during the 4th quarter worth $41,651,000. 72.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. KeyCorp dropped their target price on J.B. Hunt Transport Services from $230.00 to $220.00 and set an “overweight” rating for the company in a report on Monday, April 11th. Morgan Stanley lifted their target price on J.B. Hunt Transport Services from $165.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 19th. Wolfe Research lifted their target price on J.B. Hunt Transport Services from $180.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, July 20th. Barclays dropped their target price on J.B. Hunt Transport Services from $225.00 to $210.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Finally, Evercore ISI lifted their target price on J.B. Hunt Transport Services from $207.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $203.63.

J.B. Hunt Transport Services Company Profile

(Get Rating)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.

See Also

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

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