Insider Selling: J.B. Hunt Transport Services SVP Sells 4,652 Shares of Stock (JBHT)
J.B. Hunt Transport Services (NASDAQ:JBHT) SVP David N. Chelette unloaded 4,652 shares of the stock on the open market in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $75.60, for a total value of $351,691.20. Following the completion of the sale, the senior vice president now directly owns 7,820 shares in the company, valued at approximately $591,192. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on JBHT. Analysts at FBR Capital Markets raised their price target on shares of J.B. Hunt Transport Services from $85.00 to $90.00 in a research note to investors on Friday, January 24th. They now have an “outperform” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of J.B. Hunt Transport Services from $76.00 to $83.00 in a research note to investors on Friday, January 24th. They now have a “hold” rating on the stock. Finally, analysts at Wunderlich reiterated a “hold” rating on shares of J.B. Hunt Transport Services in a research note to investors on Tuesday, December 31st. They now have a $76.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.65.
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 0.70% during mid-day trading on Wednesday, hitting $74.21. The stock had a trading volume of 705,705 shares. J.B. Hunt Transport Services has a one year low of $65.53 and a one year high of $79.89. The stock’s 50-day moving average is $76.96 and its 200-day moving average is $74.87. The company has a market cap of $8.828 billion and a P/E ratio of 26.07.
J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.77 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.79 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, analysts predict that J.B. Hunt Transport Services will post $3.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, February 27th. Stockholders of record on Thursday, February 13th will be paid a dividend of 0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.07%.
J B Hunt Transport Services Inc(NASDAQ:JBHT) is a holding company that, together with its wholly owned subsidiaries, operates as a surface transportation and delivery services to a diverse group of customers and consumers throughout the continental United States, Canada and Mexico.
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