Eric Mcgee Sells 145 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the transaction, the executive vice president now directly owns 700 shares in the company, valued at approximately $127,904. This represents a 17.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

J.B. Hunt Transport Services Price Performance

JBHT opened at $182.28 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $180.51 and its 200 day moving average price is $170.67. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 33.14, a price-to-earnings-growth ratio of 2.88 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the business earned $1.80 EPS. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.27%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JBHT shares. Stephens reaffirmed an “overweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. TD Cowen lifted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America boosted their price target on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Barclays raised their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $190.11.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Hedge funds have recently made changes to their positions in the business. Studio Investment Management LLC grew its stake in shares of J.B. Hunt Transport Services by 5.4% in the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock worth $184,000 after purchasing an additional 55 shares in the last quarter. iA Global Asset Management Inc. raised its position in shares of J.B. Hunt Transport Services by 2.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after buying an additional 55 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of J.B. Hunt Transport Services by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock worth $492,000 after acquiring an additional 56 shares during the period. Farther Finance Advisors LLC raised its holdings in J.B. Hunt Transport Services by 18.3% during the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after purchasing an additional 60 shares in the last quarter. Finally, Huntington National Bank boosted its stake in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

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.