J B Hunt Transport Services Inc (NASDAQ:JBHT) Director Sells $12,022,000.00 in Stock

J B Hunt Transport Services Inc (NASDAQ:JBHT) Director Earl Wayne Garrison sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $120.22, for a total value of $12,022,000.00. Following the transaction, the director now directly owns 1,583,354 shares of the company’s stock, valued at $190,350,817.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Earl Wayne Garrison also recently made the following trade(s):

  • On Monday, October 21st, Earl Wayne Garrison sold 5,942 shares of J B Hunt Transport Services stock. The shares were sold at an average price of $116.14, for a total value of $690,103.88.
  • On Friday, October 18th, Earl Wayne Garrison sold 12,923 shares of J B Hunt Transport Services stock. The shares were sold at an average price of $116.37, for a total value of $1,503,849.51.
  • On Friday, September 6th, Earl Wayne Garrison sold 50,000 shares of J B Hunt Transport Services stock. The shares were sold at an average price of $111.29, for a total value of $5,564,500.00.

Shares of NASDAQ JBHT opened at $119.98 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $113.89 and a 200-day simple moving average of $101.28. The company has a market cap of $12.78 billion, a PE ratio of 21.16, a P/E/G ratio of 1.47 and a beta of 1.14. J B Hunt Transport Services Inc has a 12-month low of $83.64 and a 12-month high of $122.29.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.05). The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. J B Hunt Transport Services had a return on equity of 28.45% and a net margin of 5.46%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 earnings per share. Sell-side analysts forecast that J B Hunt Transport Services Inc will post 5.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.26 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.04 dividend on an annualized basis and a yield of 0.87%. J B Hunt Transport Services’s dividend payout ratio (DPR) is 18.34%.

Several research firms have recently commented on JBHT. Argus reaffirmed a “hold” rating on shares of J B Hunt Transport Services in a report on Thursday, October 17th. Morgan Stanley lowered their target price on J B Hunt Transport Services from $88.00 to $86.00 and set an “equal weight” rating for the company in a report on Wednesday, October 16th. Loop Capital lowered J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. They noted that the move was a valuation call. ValuEngine downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Cowen reiterated a “market perform” rating and set a $108.00 price objective (down from $113.00) on shares of J B Hunt Transport Services in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $110.29.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MUFG Americas Holdings Corp lifted its position in J B Hunt Transport Services by 5.7% in the third quarter. MUFG Americas Holdings Corp now owns 88,707 shares of the transportation company’s stock worth $9,816,000 after purchasing an additional 4,760 shares during the period. BBVA USA Bancshares Inc. acquired a new stake in J B Hunt Transport Services in the third quarter worth approximately $423,000. Tower Research Capital LLC TRC lifted its position in J B Hunt Transport Services by 1,031.8% in the third quarter. Tower Research Capital LLC TRC now owns 5,229 shares of the transportation company’s stock worth $579,000 after purchasing an additional 4,767 shares during the period. First Trust Advisors LP lifted its position in J B Hunt Transport Services by 20.4% in the third quarter. First Trust Advisors LP now owns 209,947 shares of the transportation company’s stock worth $23,231,000 after purchasing an additional 35,519 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in J B Hunt Transport Services by 11.4% in the third quarter. Daiwa Securities Group Inc. now owns 3,653 shares of the transportation company’s stock worth $404,000 after purchasing an additional 375 shares during the period. Hedge funds and other institutional investors own 73.95% of the company’s stock.

About J B Hunt Transport Services

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 in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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