J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director James K. Thompson Sells 4,400 Shares

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. 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 2.6 %

JBHT opened at $170.28 on Friday. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The firm has a market cap of $17.17 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 1.58 and a beta of 1.16. The firm’s 50-day simple moving average is $178.65 and its 200-day simple moving average is $174.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share 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 firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the company posted $1.47 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was down 4.5% compared to the same quarter last year. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.71 EPS for the current fiscal year.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board grew its holdings in shares of J.B. Hunt Transport Services by 12.1% during the second quarter. Canada Pension Plan Investment Board now owns 35,062 shares of the transportation company’s stock worth $5,610,000 after purchasing an additional 3,774 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in J.B. Hunt Transport Services by 70.5% during the 2nd quarter. Ensign Peak Advisors Inc now owns 49,925 shares of the transportation company’s stock worth $7,988,000 after buying an additional 20,650 shares in the last quarter. ProShare Advisors LLC grew its holdings in J.B. Hunt Transport Services by 8.4% during the 2nd quarter. ProShare Advisors LLC now owns 11,257 shares of the transportation company’s stock worth $1,801,000 after acquiring an additional 870 shares during the last quarter. Public Sector Pension Investment Board increased its position in J.B. Hunt Transport Services by 80.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,968 shares of the transportation company’s stock valued at $475,000 after acquiring an additional 1,319 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of J.B. Hunt Transport Services by 116.2% in the second quarter. Xponance Inc. now owns 28,493 shares of the transportation company’s stock worth $4,559,000 after acquiring an additional 15,312 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JBHT has been the topic of a number of research reports. Bank of America boosted their target price on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. TD Cowen decreased 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. Stephens restated an “overweight” rating and set a $205.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. reduced their price objective on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.