Nicholas Hobbs Sells 3,038 Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) COO Nicholas Hobbs sold 3,038 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $201.97, for a total transaction of $613,584.86. Following the transaction, the chief operating officer owned 90,318 shares of the company’s stock, valued at approximately $18,241,526.46. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $210.73 on Friday. The company has a market cap of $20.07 billion, a price-to-earnings ratio of 34.32, a price-to-earnings-growth ratio of 1.70 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $212.00. The company has a quick ratio of 0.87, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $191.37 and a two-hundred day moving average of $163.34.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the firm posted $1.53 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.9%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. 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 announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the transportation company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently issued reports on JBHT. Weiss Ratings restated a “hold (c)” rating on shares of J.B. Hunt Transport Services in a report on Monday, December 29th. Wolfe Research restated an “outperform” rating and set a $214.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, January 8th. Benchmark lifted 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 research note on Tuesday. Truist Financial boosted their price objective on shares of J.B. Hunt Transport Services from $155.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, January 15th. Finally, Morgan Stanley raised their target price on J.B. Hunt Transport Services from $150.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $200.05.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in J.B. Hunt Transport Services by 74.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after purchasing an additional 6,668 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after buying an additional 13,729 shares during the period. Empowered Funds LLC boosted its stake in shares of J.B. Hunt Transport Services by 27.8% in the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after buying an additional 385 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter worth about $539,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in J.B. Hunt Transport Services by 281.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,147 shares of the transportation company’s stock worth $3,844,000 after acquiring an additional 18,551 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

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.