J.B. Hunt Transport Services (NASDAQ:JBHT) EVP David Keefauver Sells 703 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Free Report) EVP David Keefauver sold 703 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president directly owned 790 shares of the company’s stock, valued at $225,252.70. This trade represents a 47.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $288.17 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $289.95. The stock has a market capitalization of $27.17 billion, a P/E ratio of 44.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.30. The stock has a fifty day moving average of $246.78 and a 200-day moving average of $219.34.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the firm earned $1.17 EPS. J.B. Hunt Transport Services’s revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.86%.

Analyst Ratings Changes

JBHT has been the subject of a number of recent research reports. Truist Financial upped their target price on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Stifel Nicolaus upped their target price on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, April 2nd. Benchmark upped their target price on J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Morgan Stanley upped their target price on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Finally, TD Cowen upped their target price on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $233.83.

View Our Latest Report on JBHT

J.B. Hunt Transport Services News Roundup

Here are the key news stories impacting J.B. Hunt Transport Services this week:

Institutional Investors Weigh In On J.B. Hunt Transport Services

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Summitry LLC increased its stake in shares of J.B. Hunt Transport Services by 2.9% in the first quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after buying an additional 44 shares during the period. Keybank National Association OH increased its stake in shares of J.B. Hunt Transport Services by 2.7% in the first quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock valued at $374,000 after buying an additional 46 shares during the period. Root Financial Partners LLC increased its stake in shares of J.B. Hunt Transport Services by 25.4% in the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock valued at $45,000 after buying an additional 47 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of J.B. Hunt Transport Services by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock valued at $1,827,000 after buying an additional 47 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in shares of J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after buying an additional 48 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

About J.B. Hunt Transport Services

(Get Free Report)

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

Further Reading

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

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