Spencer Frazier Sells 2,200 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares of the company’s stock, valued at approximately $786,550.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

J.B. Hunt Transport Services Trading Down 2.2 %

J.B. Hunt Transport Services stock opened at $188.51 on Friday. The business has a 50-day simple moving average of $173.43 and a two-hundred day simple moving average of $167.19. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The company has a market cap of $19.01 billion, a P/E ratio of 34.27, a P/E/G ratio of 3.11 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period in the prior year, the company earned $1.80 earnings per share. Analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.91%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after buying an additional 25,109 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in J.B. Hunt Transport Services by 6.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock valued at $269,611,000 after purchasing an additional 105,500 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of J.B. Hunt Transport Services by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock worth $231,416,000 after purchasing an additional 5,179 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after purchasing an additional 193,684 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of J.B. Hunt Transport Services by 2,722.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock valued at $108,600,000 after purchasing an additional 525,729 shares during the period. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

JBHT has been the subject of several recent research reports. Barclays lifted their target price on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. The Goldman Sachs Group cut their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Stephens restated an “overweight” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Evercore ISI increased their price objective on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Benchmark restated a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $187.56.

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.