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

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

J.B. Hunt Transport Services Trading Down 3.8 %

J.B. Hunt Transport Services stock opened at $154.18 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52 week low of $152.27 and a 52 week high of $202.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The stock has a market capitalization of $15.42 billion, a P/E ratio of 27.73, a PEG ratio of 1.61 and a beta of 1.16. The stock has a 50-day simple moving average of $169.55 and a 200 day simple moving average of $174.17.

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 analysts’ consensus estimates 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 business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business posted $1.47 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Analysts expect 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, February 7th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s payout ratio is currently 31.65%.

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

Institutional investors have recently made changes to their positions in the company. True Wealth Design LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after acquiring an additional 142 shares during the period. National Pension Service bought a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth approximately $30,000. BankPlus Trust Department bought a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth approximately $34,000. Versant Capital Management Inc boosted its holdings in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after buying an additional 134 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Benchmark reissued a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. TD Cowen dropped their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research note on Friday, January 17th. Raymond James dropped their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. Bank of America lifted their price target on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Stephens reissued an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services 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.