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 J.B. Hunt Transport Services stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. This represents a 6.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

J.B. Hunt Transport Services Stock Down 1.6 %

Shares of JBHT stock traded down $2.63 on Tuesday, hitting $157.58. The company’s stock had a trading volume of 47,931 shares, compared to its average volume of 853,575. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $203.02. The firm’s fifty day moving average price is $169.88 and its 200-day moving average price is $174.34.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company posted $1.47 EPS. The business’s revenue was down 4.5% compared to the same quarter last year. Research analysts anticipate 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. Shareholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.65%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, January 15th. TD Cowen cut their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a report on Friday, January 3rd. Bank of America lifted their price target on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research note on Thursday, January 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 thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average price target of $189.84.

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

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in J.B. Hunt Transport Services by 18.3% in the 3rd 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 period. Van ECK Associates Corp increased its stake in shares of J.B. Hunt Transport Services by 11.0% in the third quarter. Van ECK Associates Corp now owns 13,416 shares of the transportation company’s stock worth $2,354,000 after purchasing an additional 1,330 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of J.B. Hunt Transport Services by 27.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,353 shares of the transportation company’s stock worth $922,000 after purchasing an additional 1,157 shares during the last quarter. Principal Financial Group Inc. boosted its stake in J.B. Hunt Transport Services by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 98,725 shares of the transportation company’s stock valued at $17,013,000 after purchasing an additional 1,737 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in J.B. Hunt Transport Services by 5.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,045 shares of the transportation company’s stock valued at $352,000 after buying an additional 107 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

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.