J.B. Hunt Transport Services, Inc. (JBHT) EVP Terrence D. Matthews Sells 2,694 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Terrence D. Matthews sold 2,694 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $101.00, for a total value of $272,094.00. Following the completion of the sale, the executive vice president now owns 21,140 shares in the company, valued at approximately $2,135,140. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

J.B. Hunt Transport Services, Inc. (JBHT) opened at 101.50 on Tuesday. The stock’s 50 day moving average price is $95.25 and its 200 day moving average price is $91.72. J.B. Hunt Transport Services, Inc. has a 12-month low of $76.20 and a 12-month high of $102.99. The company has a market capitalization of $11.11 billion, a PE ratio of 26.63 and a beta of 0.93.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.04. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.88 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 24.08%.

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JBHT has been the topic of several analyst reports. Zacks Investment Research cut J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Monday, May 15th. J P Morgan Chase & Co initiated coverage on J.B. Hunt Transport Services in a research report on Tuesday, May 23rd. They issued an “overweight” rating and a $107.00 price objective on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $88.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, June 23rd. BidaskClub raised J.B. Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $109.00 price objective (up from $98.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 10th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. J.B. Hunt Transport Services presently has a consensus rating of “Hold” and an average target price of $98.80.

Institutional investors and hedge funds have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC grew its holdings in shares of J.B. Hunt Transport Services by 6.6% during the second quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock valued at $102,000 after buying an additional 68 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of J.B. Hunt Transport Services by 3.4% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock valued at $119,000 after buying an additional 43 shares during the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of J.B. Hunt Transport Services by 1.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after buying an additional 20 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of J.B. Hunt Transport Services by 6.9% during the first quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after buying an additional 95 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC grew its holdings in shares of J.B. Hunt Transport Services by 3.1% during the second quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after buying an additional 50 shares during the last quarter. 71.60% of the stock is currently owned by hedge funds and other institutional investors.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Insider Buying and Selling by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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