Darren P. Field Sells 1,200 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $154.45 on Thursday. The company has a market cap of $15.45 billion, a P/E ratio of 27.78, a P/E/G ratio of 1.61 and a beta of 1.16. The business has a fifty day simple moving average of $169.23 and a 200-day simple moving average of $174.04. J.B. Hunt Transport Services, Inc. has a 52 week low of $151.60 and a 52 week high of $202.78. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 EPS. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.44 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.14%. J.B. Hunt Transport Services’s dividend payout ratio is 31.65%.

Hedge Funds Weigh In On J.B. Hunt Transport Services

A number of large investors have recently bought and sold shares of JBHT. Studio Investment Management LLC increased its holdings in shares of J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock worth $184,000 after buying an additional 55 shares during the last quarter. iA Global Asset Management Inc. grew its position in J.B. Hunt Transport Services by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock valued at $368,000 after acquiring an additional 55 shares during the period. Empirical Finance LLC increased its stake 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 worth $492,000 after acquiring an additional 56 shares during the last quarter. Farther Finance Advisors LLC increased its stake 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 acquiring an additional 60 shares during the last quarter. Finally, Huntington National Bank lifted its stake 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 valued at $59,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the subject of several recent analyst reports. Barclays raised their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Citigroup reduced their price objective on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company dropped their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft assumed coverage on J.B. Hunt Transport Services in a research note on Friday, March 7th. They set a “hold” rating and a $167.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.84.

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.