J.B. Hunt Transport Services (NASDAQ:JBHT) Hits New 1-Year Low Following Insider Selling

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $151.60 and last traded at $153.98, with a volume of 45420 shares changing hands. The stock had previously closed at $154.18.

Specifically, EVP Darren P. Field sold 1,200 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

JBHT has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a "hold" rating and a $167.00 price objective on the stock. Bank of America boosted their price target on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Raymond James reduced their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. Stifel Nicolaus reduced 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. Finally, Citigroup reduced their price target on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $188.60.

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J.B. Hunt Transport Services Trading Down 0.3 %

The firm's 50 day moving average price is $168.26 and its 200-day moving average price is $173.69. The stock has a market cap of $14.90 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.61 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its 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). The firm 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%. The company's quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 EPS. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed 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 an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.18%. J.B. Hunt Transport Services's dividend payout ratio is 31.65%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Siemens Fonds Invest GmbH lifted its position in J.B. Hunt Transport Services by 292.7% during the fourth quarter. Siemens Fonds Invest GmbH now owns 22,798 shares of the transportation company's stock valued at $3,891,000 after purchasing an additional 16,992 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in J.B. Hunt Transport Services during the fourth quarter valued at approximately $14,655,000. Mackenzie Financial Corp lifted its position in J.B. Hunt Transport Services by 28.2% during the fourth quarter. Mackenzie Financial Corp now owns 8,739 shares of the transportation company's stock valued at $1,491,000 after purchasing an additional 1,923 shares during the period. Forum Financial Management LP lifted its position in J.B. Hunt Transport Services by 34.4% during the fourth quarter. Forum Financial Management LP now owns 1,799 shares of the transportation company's stock valued at $307,000 after purchasing an additional 460 shares during the period. Finally, Toronto Dominion Bank increased its holdings in J.B. Hunt Transport Services by 6.8% during the fourth quarter. Toronto Dominion Bank now owns 42,868 shares of the transportation company's stock valued at $7,316,000 after buying an additional 2,729 shares during the last quarter. Institutional investors own 74.95% of the company's stock.

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.