Insider Selling: Terrence D. Matthews Sells 11,777 Shares of J.B. Hunt Transport Services Stock (JBHT)
J.B. Hunt Transport Services (NASDAQ:JBHT) EVP Terrence D. Matthews unloaded 11,777 shares of the stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $76.52, for a total transaction of $901,176.04. Following the transaction, the executive vice president now directly owns 27,697 shares of the company’s stock, valued at approximately $2,119,374. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 0.01% during mid-day trading on Tuesday, hitting $76.30. 373,533 shares of the company’s stock traded hands. J.B. Hunt Transport Services has a one year low of $69.33 and a one year high of $79.89. The stock’s 50-day moving average is $76.09 and its 200-day moving average is $74.81. The company has a market cap of $8.892 billion and a price-to-earnings ratio of 26.49. J.B. Hunt Transport Services also saw a large growth in short interest in July. As of July 31st, there was short interest totalling 3,206,899 shares, a growth of 81.6% from the July 15th total of 1,765,451 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,138,206 shares, the days-to-cover ratio is currently 2.8 days.
J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts predict that J.B. Hunt Transport Services will post $3.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, July 30th.
A number of research firms have recently commented on JBHT. Analysts at Zacks reiterated a “neutral” rating on shares of J.B. Hunt Transport Services in a research note on Monday, July 21st. They now have a $82.00 price target on the stock. Separately, analysts at Morgan Stanley upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 16th. They now have a $86.00 price target on the stock, up previously from $78.00. Finally, analysts at Sanford C. Bernstein upgraded shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 16th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. J.B. Hunt Transport Services currently has an average rating of “Buy” and an average target price of $84.09.
J.B. Hunt Transport Services, Inc (NASDAQ:JBHT) is a holding company and 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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