Bradley Hicks Sells 3,919 Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Free Report) insider Bradley Hicks sold 3,919 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $210.13, for a total transaction of $823,499.47. Following the transaction, the insider owned 26,580 shares of the company’s stock, valued at $5,585,255.40. This represents a 12.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $206.75 on Friday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $212.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83. The firm has a market capitalization of $19.69 billion, a P/E ratio of 33.67, a PEG ratio of 1.68 and a beta of 1.27. The stock has a 50-day simple moving average of $192.24 and a two-hundred day simple moving average of $163.81.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last announced its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the business earned $1.53 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 6th will be given a dividend of $0.45 per share. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, February 6th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 28.66%.

J.B. Hunt Transport Services declared that its board has authorized a share repurchase plan on Wednesday, October 22nd that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

J.B. Hunt Transport Services News Roundup

Here are the key news stories impacting J.B. Hunt Transport Services this week:

Analyst Ratings Changes

Several brokerages recently weighed in on JBHT. UBS Group lifted their price target on J.B. Hunt Transport Services from $174.00 to $196.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Sanford C. Bernstein boosted their price objective on J.B. Hunt Transport Services from $158.00 to $195.00 and gave the company a “market perform” rating in a research report on Friday, January 9th. Wolfe Research reaffirmed an “outperform” rating and set a $214.00 target price on shares of J.B. Hunt Transport Services in a research note on Thursday, January 8th. Robert W. Baird lifted their price target on shares of J.B. Hunt Transport Services from $173.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. Finally, Argus raised shares of J.B. Hunt Transport Services to a “strong-buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $200.05.

Check Out Our Latest Report on J.B. Hunt Transport Services

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in J.B. Hunt Transport Services in the 3rd quarter worth approximately $25,000. Private Trust Co. NA increased its holdings in shares of J.B. Hunt Transport Services by 57.8% in the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 74 shares during the last quarter. Cromwell Holdings LLC lifted its position in J.B. Hunt Transport Services by 52.2% during the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock worth $28,000 after buying an additional 71 shares in the last quarter. Sentry Investment Management LLC acquired a new position in J.B. Hunt Transport Services during the third quarter worth $32,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

(Get Free Report)

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.

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

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