Earl Wayne Garrison Sells 21,344 Shares of J.B. Hunt Transport Services, Inc. (JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Director Earl Wayne Garrison sold 21,344 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $125.79, for a total transaction of $2,684,861.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at $120.79 on Friday. The company has a market capitalization of $13,350.00, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.48. J.B. Hunt Transport Services, Inc. has a 12 month low of $83.35 and a 12 month high of $126.49.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $2.45. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.93 billion. J.B. Hunt Transport Services had a return on equity of 27.32% and a net margin of 9.55%. The firm’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, February 8th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.23. J.B. Hunt Transport Services’s dividend payout ratio is currently 14.86%.

JBHT has been the topic of a number of analyst reports. Loop Capital reissued a “buy” rating and set a $116.00 target price on shares of J.B. Hunt Transport Services in a report on Monday, October 16th. Stifel Nicolaus lowered their target price on shares of J.B. Hunt Transport Services from $114.00 to $111.00 and set a “buy” rating on the stock in a report on Monday, October 16th. Credit Suisse Group reissued a “buy” rating and set a $114.00 target price (up previously from $100.00) on shares of J.B. Hunt Transport Services in a report on Thursday, October 12th. They noted that the move was a valuation call. UBS Group raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and boosted their target price for the company from $115.00 to $126.00 in a report on Monday, October 23rd. Finally, Buckingham Research initiated coverage on shares of J.B. Hunt Transport Services in a report on Friday, October 20th. They set a “buy” rating and a $124.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. J.B. Hunt Transport Services currently has a consensus rating of “Buy” and a consensus target price of $118.83.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. increased its stake in J.B. Hunt Transport Services by 0.4% in the second quarter. D.A. Davidson & CO. now owns 2,733 shares of the transportation company’s stock valued at $249,000 after acquiring an additional 12 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in J.B. Hunt Transport Services by 0.4% in the second quarter. Tudor Investment Corp ET AL now owns 5,849 shares of the transportation company’s stock valued at $534,000 after acquiring an additional 22 shares during the last quarter. M&T Bank Corp increased its stake in J.B. Hunt Transport Services by 2.1% in the second quarter. M&T Bank Corp now owns 7,498 shares of the transportation company’s stock valued at $685,000 after acquiring an additional 157 shares during the last quarter. HighTower Advisors LLC increased its stake in J.B. Hunt Transport Services by 1.1% in the second quarter. HighTower Advisors LLC now owns 42,948 shares of the transportation company’s stock valued at $3,914,000 after acquiring an additional 447 shares during the last quarter. Finally, Buckingham Capital Management Inc. increased its stake in J.B. Hunt Transport Services by 9.6% in the third quarter. Buckingham Capital Management Inc. now owns 5,545 shares of the transportation company’s stock valued at $616,000 after acquiring an additional 485 shares during the last quarter. 71.05% of the stock is currently owned by institutional investors and hedge funds.

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About J.B. Hunt Transport Services

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)

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