J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director Sells $771,628.00 in Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT traded down $0.32 during mid-day trading on Friday, reaching $169.96. 1,112,218 shares of the company were exchanged, compared to its average volume of 1,111,048. The stock has a market capitalization of $17.14 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.61 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company's 50-day simple moving average is $178.65 and its 200-day simple moving average is $174.25. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $3.13 billion. During the same quarter last year, the business earned $1.47 earnings per share. The company's revenue was down 4.5% on a year-over-year basis. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, February 7th. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 1.04%. J.B. Hunt Transport Services's payout ratio is 30.94%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JBHT. Arvest Bank Trust Division acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $1,578,000. Forsta AP Fonden increased its stake in J.B. Hunt Transport Services by 28.2% during the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company's stock worth $2,740,000 after acquiring an additional 3,500 shares during the period. State Street Corp raised its holdings in J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after acquiring an additional 19,826 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock valued at $95,419,000 after acquiring an additional 12,040 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of J.B. Hunt Transport Services by 2.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company's stock worth $32,861,000 after purchasing an additional 3,910 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on JBHT shares. Bank of America increased 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 report on Thursday, January 16th. Stephens restated an "overweight" rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. The Goldman Sachs Group lowered their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price target 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. Finally, BMO Capital Markets restated an "outperform" rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.