Insider Selling: J.B. Hunt Transport Services EVP Sells 51,395 Shares of Stock (JBHT)
J.B. Hunt Transport Services (NASDAQ:JBHT) EVP Terrence D. Matthews sold 51,395 shares of J.B. Hunt Transport Services stock on the open market in a transaction dated Monday, June 9th. The shares were sold at an average price of $77.74, for a total value of $3,995,447.30. Following the transaction, the executive vice president now directly owns 27,697 shares of the company’s stock, valued at approximately $2,153,165. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 0.53% during mid-day trading on Tuesday, hitting $77.00. 713,842 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 $76. and a 200-day moving average of $74.93. The company has a market cap of $9.029 billion and a price-to-earnings ratio of 27.25.
J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, April 14th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts expect that J.B. Hunt Transport Services will post $3.18 EPS for the current fiscal year.
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. 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. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.93.
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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