Ronald Greer Woodruff Sells 1,391 Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Free Report) EVP Ronald Greer Woodruff sold 1,391 shares of the firm’s stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $207.00, for a total value of $287,937.00. Following the transaction, the executive vice president owned 4,019 shares in the company, valued at approximately $831,933. This trade represents a 25.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $206.75 on Friday. The stock has a market cap of $19.69 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 1.68 and a beta of 1.27. The stock has a 50-day moving average of $192.24 and a 200-day moving average of $163.81. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.87. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $212.00.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. J.B. Hunt Transport Services’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.53 EPS. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services declared that its Board of Directors has initiated a stock 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 often a sign that the company’s leadership believes its shares are undervalued.

J.B. Hunt Transport Services Increases Dividend

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

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC bought a new position in J.B. Hunt Transport Services in the third quarter valued at $25,000. Cromwell Holdings LLC lifted its position in J.B. Hunt Transport Services by 52.2% during the 3rd 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. Private Trust Co. NA boosted its stake in shares of J.B. Hunt Transport Services by 57.8% during the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after buying an additional 74 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of J.B. Hunt Transport Services by 41.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 66 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of 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 valued at $30,000 after acquiring an additional 76 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JBHT. UBS Group increased their price target on J.B. Hunt Transport Services from $174.00 to $196.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Barclays increased their target price on J.B. Hunt Transport Services from $150.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Bank of America lifted their price target on shares of J.B. Hunt Transport Services from $153.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of J.B. Hunt Transport Services in a research report on Monday, December 29th. Finally, Benchmark raised their price objective on shares of J.B. Hunt Transport Services from $212.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. One investment 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 stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $200.05.

Read Our Latest Research Report on JBHT

J.B. Hunt Transport Services News Roundup

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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.

Further Reading

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

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