David G. Mee Sells 2,886 Shares of J B Hunt Transport Services Inc (JBHT) Stock

J B Hunt Transport Services Inc (NASDAQ:JBHT) CFO David G. Mee sold 2,886 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $109.06, for a total value of $314,747.16. Following the completion of the transaction, the chief financial officer now owns 110,500 shares of the company’s stock, valued at $12,051,130. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ JBHT traded up $0.35 during trading hours on Monday, hitting $109.63. 1,028,381 shares of the company’s stock were exchanged, compared to its average volume of 1,049,117. J B Hunt Transport Services Inc has a 1-year low of $88.38 and a 1-year high of $131.74. The stock has a market capitalization of $11.88 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.46 and a beta of 1.10. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.11 and a quick ratio of 1.11.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 17th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.67). J B Hunt Transport Services had a return on equity of 30.72% and a net margin of 5.68%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. Equities analysts expect that J B Hunt Transport Services Inc will post 6.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 8th will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, February 7th. This represents a $1.04 annualized dividend and a yield of 0.95%. This is a boost from J B Hunt Transport Services’s previous quarterly dividend of $0.24. J B Hunt Transport Services’s dividend payout ratio (DPR) is currently 18.34%.

A number of institutional investors have recently made changes to their positions in the business. Utah Retirement Systems grew its stake in J B Hunt Transport Services by 0.6% in the fourth quarter. Utah Retirement Systems now owns 16,216 shares of the transportation company’s stock valued at $1,508,000 after acquiring an additional 100 shares during the period. CWM LLC grew its stake in J B Hunt Transport Services by 59.5% in the fourth quarter. CWM LLC now owns 276 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 103 shares during the period. Stephens Inc. AR grew its stake in J B Hunt Transport Services by 0.3% in the fourth quarter. Stephens Inc. AR now owns 35,945 shares of the transportation company’s stock valued at $3,344,000 after acquiring an additional 111 shares during the period. Arrow Financial Corp grew its stake in J B Hunt Transport Services by 3.1% in the fourth quarter. Arrow Financial Corp now owns 4,125 shares of the transportation company’s stock valued at $384,000 after acquiring an additional 125 shares during the period. Finally, Parallel Advisors LLC grew its stake in J B Hunt Transport Services by 72.6% in the fourth quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 127 shares during the period. 74.89% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on JBHT shares. Morgan Stanley decreased their price target on J B Hunt Transport Services from $118.00 to $113.00 and set an “equal weight” rating for the company in a research note on Monday, January 7th. Credit Suisse Group decreased their price target on J B Hunt Transport Services from $148.00 to $121.00 and set an “outperform” rating for the company in a research note on Tuesday, January 15th. Citigroup decreased their price target on J B Hunt Transport Services from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Stifel Nicolaus set a $118.00 price target on J B Hunt Transport Services and gave the company a “hold” rating in a research note on Tuesday, October 16th. Finally, Stephens set a $118.00 target price on J B Hunt Transport Services and gave the stock a “buy” rating in a research note on Friday, December 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $124.79.

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J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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