J.B. Hunt Transport Services (NASDAQ:JBHT) Director James Thompson Sells 1,000 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director James Thompson sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total transaction of $254,280.00. Following the transaction, the director owned 19,559 shares of the company’s stock, valued at approximately $4,973,462.52. This represents a 4.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

J.B. Hunt Transport Services Stock Down 1.6%

Shares of JBHT opened at $247.03 on Thursday. J.B. Hunt Transport Services, Inc. has a 12 month low of $126.05 and a 12 month high of $256.18. The company has a 50-day moving average price of $219.79 and a two-hundred day moving average price of $197.49. The company has a quick ratio of 0.81, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market cap of $23.37 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 1.87 and a beta of 1.22.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post 7.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JBHT. Weiss Ratings reiterated a “hold (c)” rating on shares of J.B. Hunt Transport Services in a research note on Friday, March 27th. Wells Fargo & Company lifted their target price on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. BMO Capital Markets lifted their target price on shares of J.B. Hunt Transport Services from $245.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Susquehanna lifted their target price on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the company a “positive” rating in a research note on Wednesday. Finally, Citigroup lifted their target price on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average price target of $227.04.

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently modified their holdings of JBHT. AE Wealth Management LLC boosted its holdings in J.B. Hunt Transport Services by 3.2% in the third quarter. AE Wealth Management LLC now owns 125,829 shares of the transportation company’s stock valued at $16,883,000 after acquiring an additional 3,890 shares during the last quarter. Eldred Rock Partners LLC boosted its holdings in J.B. Hunt Transport Services by 11.9% in the third quarter. Eldred Rock Partners LLC now owns 88,061 shares of the transportation company’s stock valued at $11,815,000 after acquiring an additional 9,345 shares during the last quarter. Machina Capital S.A.S. bought a new position in J.B. Hunt Transport Services in the third quarter valued at about $3,627,000. AdvisorShares Investments LLC bought a new position in J.B. Hunt Transport Services in the third quarter valued at about $433,000. Finally, Krilogy Financial LLC bought a new position in J.B. Hunt Transport Services in the third quarter valued at about $1,003,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

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.