Insider Buying: J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) CEO Purchases 6,200 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) CEO John N. Roberts bought 6,200 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was acquired at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now owns 313,955 shares in the company, valued at approximately $50,565,592.30. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

J.B. Hunt Transport Services Price Performance

JBHT opened at $162.16 on Tuesday. The company has a market capitalization of $16.75 billion, a P/E ratio of 25.74, a PEG ratio of 2.13 and a beta of 1.11. The company has a 50-day moving average of $191.84 and a 200-day moving average of $191.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 1-year low of $160.07 and a 1-year high of $219.51.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Wall Street Analysts Forecast Growth

JBHT has been the subject of several recent research reports. StockNews.com upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Monday. Robert W. Baird dropped their target price on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. Bank of America decreased their price target on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Susquehanna lowered their price objective on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Finally, Loop Capital reduced their target price on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $194.24.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of J.B. Hunt Transport Services by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 100,773 shares of the transportation company’s stock valued at $20,079,000 after acquiring an additional 1,123 shares during the last quarter. UMB Bank n.a. lifted its stake in J.B. Hunt Transport Services by 9,163.8% during the first quarter. UMB Bank n.a. now owns 5,373 shares of the transportation company’s stock worth $1,071,000 after purchasing an additional 5,315 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in J.B. Hunt Transport Services in the first quarter worth $40,000. New York State Teachers Retirement System increased its stake in J.B. Hunt Transport Services by 0.5% during the first quarter. New York State Teachers Retirement System now owns 89,410 shares of the transportation company’s stock valued at $17,815,000 after purchasing an additional 461 shares during the last quarter. Finally, Horrell Capital Management Inc. increased its stake in J.B. Hunt Transport Services by 0.3% during the first quarter. Horrell Capital Management Inc. now owns 57,143 shares of the transportation company’s stock valued at $11,386,000 after purchasing an additional 147 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. 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.