James K. Thompson Sells 4,400 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) 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 stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $169.96 on Friday. The firm has a 50 day moving average of $178.40 and a 200-day moving average of $174.33. The firm has a market capitalization of $17.14 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business 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 return on equity of 14.05% and a net margin of 4.72%. J.B. Hunt Transport Services’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 earnings per share. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share for the current fiscal 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 issued a dividend of $0.44 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, February 7th. J.B. Hunt Transport Services’s payout ratio is currently 30.94%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Studio Investment Management LLC lifted its stake in J.B. Hunt Transport Services by 5.4% during 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 during the last quarter. iA Global Asset Management Inc. lifted its position in J.B. Hunt Transport Services by 2.6% in 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 during the last quarter. Empirical Finance LLC grew its position in J.B. Hunt Transport Services by 2.0% during the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock valued at $492,000 after acquiring an additional 56 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of 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 acquiring an additional 60 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on JBHT shares. Benchmark reiterated a “buy” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. TD Cowen decreased their price objective on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Stephens restated an “overweight” rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Loop Capital lifted their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group reduced their price objective on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $191.11.

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.