J.B. Hunt Transport Services (NASDAQ:JBHT) EVP Sells $200,446.39 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP David Keefauver sold 703 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the sale, the executive vice president owned 790 shares of the company’s stock, valued at $225,252.70. This represents a 47.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

J.B. Hunt Transport Services Price Performance

JBHT traded up $2.49 during trading on Monday, reaching $287.44. 494,111 shares of the company traded hands, compared to its average volume of 1,002,526. The company has a market cap of $27.11 billion, a P/E ratio of 44.37, a PEG ratio of 2.12 and a beta of 1.30. The firm has a fifty day simple moving average of $245.14 and a 200 day simple moving average of $218.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $289.95.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the business earned $1.17 EPS. The business’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

Analysts Set New Price Targets

Several research analysts recently commented on JBHT shares. Morgan Stanley raised their price target on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Argus set a $285.00 target price on shares of J.B. Hunt Transport Services in a research report on Monday, April 20th. Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, April 2nd. BMO Capital Markets lifted their target price on J.B. Hunt Transport Services from $250.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Benchmark increased their target price on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $233.83.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently made changes to their positions in JBHT. Parallel Advisors LLC grew its stake in J.B. Hunt Transport Services by 5.2% during the 1st quarter. Parallel Advisors LLC now owns 1,167 shares of the transportation company’s stock worth $247,000 after buying an additional 58 shares during the last quarter. Summitry LLC raised its stake in J.B. Hunt Transport Services by 2.9% in the first quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after buying an additional 44 shares during the last quarter. Groupama Asset Managment acquired a new position in shares of J.B. Hunt Transport Services during the first quarter valued at about $257,000. Western Wealth Management LLC purchased a new position in shares of J.B. Hunt Transport Services in the 1st quarter valued at approximately $124,000. Finally, Bank of America Corp DE increased its stake in J.B. Hunt Transport Services by 2.4% during the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock valued at $96,332,000 after purchasing an additional 10,664 shares in the last quarter. Hedge funds and other institutional investors 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.