Brian Webb Sells 1,500 Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Brian Webb sold 1,500 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT traded up $2.49 during trading hours on Monday, reaching $287.44. The company’s stock had a trading volume of 494,111 shares, compared to its average volume of 1,002,526. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $289.95. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $27.11 billion, a price-to-earnings ratio of 44.37, a PEG ratio of 2.12 and a beta of 1.30. The firm’s 50-day moving average price is $245.14 and its 200-day moving average price is $218.46.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.01 billion. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 earnings per share. On average, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.86%.

Analysts Set New Price Targets

Several research firms have recently commented on JBHT. Weiss Ratings downgraded shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. Wells Fargo & Company upped their target price on J.B. Hunt Transport Services from $250.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group lifted their price objective on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Benchmark raised their target price on J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Evercore reaffirmed an “outperform” rating and set a $248.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $233.83.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AdvisorShares Investments LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter valued at $433,000. Krilogy Financial LLC purchased a new position in shares of J.B. Hunt Transport Services during the third quarter worth about $1,003,000. Savant Capital LLC grew its holdings in shares of J.B. Hunt Transport Services by 145.6% during the third quarter. Savant Capital LLC now owns 21,689 shares of the transportation company’s stock worth $2,910,000 after purchasing an additional 12,857 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its position in shares of J.B. Hunt Transport Services by 114.1% during the third quarter. Focus Partners Advisor Solutions LLC now owns 13,310 shares of the transportation company’s stock worth $1,786,000 after purchasing an additional 7,094 shares in the last quarter. Finally, Greenwood Gearhart Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 2.7% in the 3rd quarter. Greenwood Gearhart Inc. now owns 193,569 shares of the transportation company’s stock valued at $25,971,000 after purchasing an additional 5,150 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.