Insider Selling: J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director Sells 4,400 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $169.96 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $17.14 billion, a PE ratio of 30.57, a P/E/G ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The stock has a 50-day moving average price of $178.40 and a two-hundred day moving average price of $174.46.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.47 earnings per share. Analysts expect that J.B. Hunt Transport Services, Inc. will post 6.62 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date is Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.94%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on JBHT shares. Raymond James reduced their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price on the stock in a report on Friday, January 3rd. Barclays increased their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. UBS Group reduced their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Citigroup reduced their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $191.11.

Hedge Funds Weigh In On J.B. Hunt Transport Services

A number of hedge funds have recently made changes to their positions in the stock. Tempus Wealth Planning LLC raised its position in shares of J.B. Hunt Transport Services by 4.5% during the fourth quarter. Tempus Wealth Planning LLC now owns 6,510 shares of the transportation company’s stock worth $1,111,000 after acquiring an additional 281 shares during the last quarter. abrdn plc raised its position in shares of J.B. Hunt Transport Services by 21.0% during the fourth quarter. abrdn plc now owns 33,510 shares of the transportation company’s stock worth $5,735,000 after acquiring an additional 5,807 shares during the last quarter. Jennison Associates LLC raised its position in shares of J.B. Hunt Transport Services by 14.1% during the fourth quarter. Jennison Associates LLC now owns 181,550 shares of the transportation company’s stock worth $30,983,000 after acquiring an additional 22,451 shares during the last quarter. New Wave Wealth Advisors LLC increased its holdings in J.B. Hunt Transport Services by 4.0% in the fourth quarter. New Wave Wealth Advisors LLC now owns 14,729 shares of the transportation company’s stock worth $2,514,000 after purchasing an additional 566 shares in the last quarter. Finally, Calton & Associates Inc. bought a new stake in J.B. Hunt Transport Services in the fourth quarter worth approximately $232,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Company Profile

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.