Insider Selling: J B Hunt Transport Services Inc (NASDAQ:JBHT) CFO Sells 4,776 Shares of Stock

J B Hunt Transport Services Inc (NASDAQ:JBHT) CFO David G. Mee sold 4,776 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $114.30, for a total value of $545,896.80. Following the completion of the transaction, the chief financial officer now directly owns 108,650 shares in the company, valued at approximately $12,418,695. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

J B Hunt Transport Services stock traded down $3.02 during mid-day trading on Friday, hitting $111.21. 17,845 shares of the company’s stock were exchanged, compared to its average volume of 860,850. The firm has a market capitalization of $12.15 billion, a P/E ratio of 21.93, a PEG ratio of 1.32 and a beta of 1.11. J B Hunt Transport Services Inc has a fifty-two week low of $83.64 and a fifty-two week high of $122.29. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.57. The company’s 50 day simple moving average is $115.10 and its 200-day simple moving average is $112.02.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Friday, January 17th. The transportation company reported $1.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by ($0.17). The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. J B Hunt Transport Services had a return on equity of 25.65% and a net margin of 5.99%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. Research analysts expect that J B Hunt Transport Services Inc will post 5.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, February 6th. This is an increase from J B Hunt Transport Services’s previous quarterly dividend of $0.26. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 22.09%.

Institutional investors have recently modified their holdings of the stock. MUFG Americas Holdings Corp raised its stake in J B Hunt Transport Services by 5.7% during the 3rd quarter. MUFG Americas Holdings Corp now owns 88,707 shares of the transportation company’s stock worth $9,816,000 after buying an additional 4,760 shares during the period. First Trust Advisors LP raised its stake in shares of J B Hunt Transport Services by 20.4% in the 3rd quarter. First Trust Advisors LP now owns 209,947 shares of the transportation company’s stock valued at $23,231,000 after purchasing an additional 35,519 shares during the period. State of Tennessee Treasury Department raised its stake in shares of J B Hunt Transport Services by 5.3% in the 3rd quarter. State of Tennessee Treasury Department now owns 32,642 shares of the transportation company’s stock valued at $3,612,000 after purchasing an additional 1,633 shares during the period. Great West Life Assurance Co. Can raised its stake in shares of J B Hunt Transport Services by 3.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 65,497 shares of the transportation company’s stock valued at $7,249,000 after purchasing an additional 2,478 shares during the period. Finally, Raymond James Trust N.A. raised its stake in shares of J B Hunt Transport Services by 6.2% in the 4th quarter. Raymond James Trust N.A. now owns 2,974 shares of the transportation company’s stock valued at $348,000 after purchasing an additional 174 shares during the period. 75.21% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on JBHT. Stephens cut their price target on J B Hunt Transport Services from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Stifel Nicolaus increased their price target on J B Hunt Transport Services from $106.00 to $115.00 and gave the company a “hold” rating in a research note on Tuesday, January 21st. Raymond James raised J B Hunt Transport Services from a “market perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Tuesday, January 21st. Argus reissued a “hold” rating on shares of J B Hunt Transport Services in a research note on Thursday, October 17th. Finally, Credit Suisse Group cut their price target on J B Hunt Transport Services from $113.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $114.00.

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

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