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

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares in the company, valued at $127,904. The trade was a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $182.28 on Wednesday. The company has a market cap of $18.38 billion, a price-to-earnings ratio of 33.14, a PEG ratio of 2.88 and a beta of 1.15. The business has a 50 day moving average price of $180.51 and a 200 day moving average price of $170.67. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. 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 firm earned $1.80 EPS. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is presently 31.27%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JBHT. True Wealth Design LLC boosted its stake in J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services in the third quarter worth about $26,000. Innealta Capital LLC acquired a new position in J.B. Hunt Transport Services in the second quarter worth about $31,000. nVerses Capital LLC bought a new position in J.B. Hunt Transport Services during the second quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter valued at approximately $36,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBHT has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Bank of America boosted their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Loop Capital lifted their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. TD Cowen upped their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Barclays upped their price objective on shares of 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.11.

About J.B. Hunt Transport Services

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.