Insider Selling: J.B. Hunt Transport Services Director Sells 89,210 Shares of Stock (JBHT)
J.B. Hunt Transport Services (NASDAQ:JBHT) Director Earl Wayne Garrison sold 89,210 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $77.20, for a total transaction of $6,887,012.00. Following the completion of the sale, the director now directly owns 20,491 shares of the company’s stock, valued at approximately $1,581,905. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
JBHT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, April 22nd. They now have a $80.00 price target on the stock. Separately, analysts at Bank of America downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating in a research note on Thursday, March 20th. They now have a $78.00 price target on the stock, down previously from $85.00. Finally, analysts at Wunderlich upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. They now have a $89.00 price target on the stock, up previously from $83.00. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. J.B. Hunt Transport Services currently has an average rating of “Hold” and an average target price of $81.93.
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 0.13% during mid-day trading on Thursday, hitting $76.97. 535,533 shares of the company’s stock traded hands. J.B. Hunt Transport Services has a 52-week low of $67.97 and a 52-week high of $79.89. The stock has a 50-day moving average of $74.61 and a 200-day moving average of $74.51. The company has a market cap of $9.025 billion and a P/E ratio of 27.13. J.B. Hunt Transport Services also was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 3,282,692 shares, an increase of 43.7% from the April 15th total of 2,284,856 shares. Currently, 3.6% of the shares of the company are short sold. Based on an average trading volume of 842,870 shares, the days-to-cover ratio is presently 3.9 days.
J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, April 14th. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company posted $0.61 earnings per share. J.B. Hunt Transport Services’s revenue was up 8.4% compared to the same quarter last year. On average, analysts predict that J.B. Hunt Transport Services will post $3.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, May 7th.
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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