Insider Selling: J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director Sells 4,400 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

J.B. Hunt Transport Services Trading Down 2.6 %

NASDAQ:JBHT opened at $170.28 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The business’s 50-day simple moving average is $178.65 and its 200-day simple moving average is $174.25. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The stock has a market capitalization of $17.17 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 EPS. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

JBHT has been the subject of several recent research reports. Wells Fargo & Company dropped their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Bank of America boosted their price target on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Evercore ISI reduced their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Susquehanna raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a report on Friday, January 3rd. Finally, Raymond James cut their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $191.11.

Hedge Funds Weigh In On J.B. Hunt Transport Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Paloma Partners Management Co lifted its holdings in shares of J.B. Hunt Transport Services by 14,254.9% in the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock valued at $32,035,000 after purchasing an additional 184,601 shares in the last quarter. Mizuho Securities USA LLC raised its position in J.B. Hunt Transport Services by 2,384.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after buying an additional 149,815 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in J.B. Hunt Transport Services by 155.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock valued at $37,689,000 after acquiring an additional 134,476 shares in the last quarter. AQR Capital Management LLC lifted its stake in J.B. Hunt Transport Services by 282.8% in the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock valued at $27,740,000 after acquiring an additional 128,283 shares in the last quarter. Finally, Parnassus Investments LLC boosted its position in J.B. Hunt Transport Services by 14.1% during the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after acquiring an additional 93,213 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.