Darren P. Field Sells 500 Shares of J. B. Hunt (JBHT) Stock

J. B. Hunt (NASDAQ:JBHT) EVP Darren P. Field sold 500 shares of the business’s stock in a transaction that occurred on Friday, May 18th. The stock was sold at an average price of $126.12, for a total transaction of $63,060.00. Following the completion of the transaction, the executive vice president now owns 2,360 shares in the company, valued at approximately $297,643.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

J. B. Hunt traded up $0.86, hitting $125.47, during trading on Thursday, according to MarketBeat. 4,556 shares of the company’s stock were exchanged, compared to its average volume of 831,032. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.39. J. B. Hunt has a fifty-two week low of $84.17 and a fifty-two week high of $129.74. The company has a market cap of $13.68 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 1.86 and a beta of 0.94.

J. B. Hunt (NASDAQ:JBHT) last released its quarterly earnings data on Monday, April 16th. The transportation company reported $1.07 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.07. J. B. Hunt had a net margin of 9.35% and a return on equity of 25.90%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The business’s revenue was up 19.6% on a year-over-year basis. equities analysts forecast that J. B. Hunt will post 5.29 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 18th. Shareholders of record on Friday, May 4th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, May 3rd. This represents a $0.96 annualized dividend and a yield of 0.77%. J. B. Hunt’s payout ratio is 25.67%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in J. B. Hunt by 1.5% during the fourth quarter. BlackRock Inc. now owns 6,090,548 shares of the transportation company’s stock worth $700,293,000 after buying an additional 92,004 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of J. B. Hunt by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,043,510 shares of the transportation company’s stock worth $119,760,000 after acquiring an additional 30,100 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of J. B. Hunt by 13.0% in the 4th quarter. Franklin Resources Inc. now owns 828,349 shares of the transportation company’s stock worth $95,244,000 after acquiring an additional 95,505 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of J. B. Hunt by 61.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 817,711 shares of the transportation company’s stock worth $94,020,000 after acquiring an additional 311,590 shares in the last quarter. Finally, Congress Asset Management Co. MA grew its stake in shares of J. B. Hunt by 2.8% in the 4th quarter. Congress Asset Management Co. MA now owns 790,953 shares of the transportation company’s stock worth $90,944,000 after acquiring an additional 21,502 shares in the last quarter. Hedge funds and other institutional investors own 74.78% of the company’s stock.

A number of research analysts recently issued reports on JBHT shares. BidaskClub downgraded shares of J. B. Hunt from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Argus started coverage on shares of J. B. Hunt in a research report on Tuesday, March 20th. They set a “buy” rating and a $150.00 target price on the stock. Zacks Investment Research upgraded shares of J. B. Hunt from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research report on Tuesday, April 3rd. Deutsche Bank upgraded shares of J. B. Hunt from a “hold” rating to a “buy” rating and set a $141.00 target price on the stock in a research report on Monday, April 2nd. Finally, Bank of America boosted their target price on shares of J. B. Hunt from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $124.50.

About J. B. Hunt

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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