J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Nicholas Hobbs sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $93.55, for a total value of $374,200.00. Following the sale, the executive vice president now directly owns 51,232 shares of the company’s stock, valued at $4,792,753.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) traded up 0.12% on Wednesday, hitting $93.47. The stock had a trading volume of 234,417 shares. The stock has a 50 day moving average of $90.20 and a 200 day moving average of $92.46. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 24.52 and a beta of 0.94. J.B. Hunt Transport Services, Inc. has a 12-month low of $76.20 and a 12-month high of $102.38.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by $0.04. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post $3.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 24.08%.

J.B. Hunt Transport Services declared that its board has approved a stock repurchase plan on Thursday, April 20th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the transportation company to buy up to 51% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.americanbankingnews.com/2017/07/26/j-b-hunt-transport-services-inc-nasdaqjbht-evp-sells-374200-00-in-stock.html.

A number of brokerages recently issued reports on JBHT. Bank of America Corporation reissued a “buy” rating and set a $109.00 price target (up from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. Wells Fargo & Company reissued an “outperform” rating and set a $105.00 price target (up from $100.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. Morgan Stanley reissued an “equal weight” rating and set a $84.00 price target (down from $85.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. BidaskClub raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Credit Suisse Group reissued a “buy” rating and set a $103.00 price target (down from $107.00) on shares of J.B. Hunt Transport Services in a research note on Friday, March 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $98.50.

A number of institutional investors have recently bought and sold shares of JBHT. Bronfman E.L. Rothschild L.P. raised its position in shares of J.B. Hunt Transport Services by 3.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock valued at $119,000 after buying an additional 43 shares during the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of J.B. Hunt Transport Services by 1.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after buying an additional 20 shares during the last quarter. Van ECK Associates Corp raised its position in shares of J.B. Hunt Transport Services by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after buying an additional 95 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $173,000. Finally, Global X Management Co. LLC raised its position in shares of J.B. Hunt Transport Services by 28.9% in the first quarter. Global X Management Co. LLC now owns 1,952 shares of the transportation company’s stock valued at $179,000 after buying an additional 438 shares during the last quarter. 72.64% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

Receive News & Ratings for J.B. Hunt Transport Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.