J B Hunt Transport Services Inc (NASDAQ:JBHT) Director Sells $12,022,000.00 in Stock

J B Hunt Transport Services Inc (NASDAQ:JBHT) Director Earl Wayne Garrison sold 100,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $120.22, for a total value of $12,022,000.00. Following the sale, the director now owns 1,583,354 shares in the company, valued at approximately $190,350,817.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Earl Wayne Garrison also recently made the following trade(s):

  • On Monday, October 21st, Earl Wayne Garrison sold 5,942 shares of J B Hunt Transport Services stock. The stock was sold at an average price of $116.14, for a total value of $690,103.88.
  • On Friday, October 18th, Earl Wayne Garrison sold 12,923 shares of J B Hunt Transport Services stock. The stock was sold at an average price of $116.37, for a total value of $1,503,849.51.
  • On Friday, September 6th, Earl Wayne Garrison sold 50,000 shares of J B Hunt Transport Services stock. The stock was sold at an average price of $111.29, for a total value of $5,564,500.00.

Shares of J B Hunt Transport Services stock opened at $119.98 on Friday. J B Hunt Transport Services Inc has a twelve month low of $83.64 and a twelve month high of $122.29. The stock has a market capitalization of $12.78 billion, a P/E ratio of 21.16, a PEG ratio of 1.47 and a beta of 1.14. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. The business’s fifty day moving average price is $113.89 and its 200 day moving average price is $101.28.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.05). J B Hunt Transport Services had a net margin of 5.46% and a return on equity of 28.45%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the business posted $1.47 EPS. J B Hunt Transport Services’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts predict that J B Hunt Transport Services Inc will post 5.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, November 7th. J B Hunt Transport Services’s dividend payout ratio is presently 18.34%.

JBHT has been the topic of several analyst reports. Goldman Sachs Group cut J B Hunt Transport Services from a “buy” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a report on Friday, November 1st. Cowen restated a “market perform” rating and set a $108.00 price objective (down previously from $113.00) on shares of J B Hunt Transport Services in a report on Wednesday, October 16th. BidaskClub upgraded J B Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Loop Capital cut J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. They noted that the move was a valuation call. Finally, Citigroup set a $120.00 target price on J B Hunt Transport Services and gave the company a “hold” rating in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $110.29.

Several institutional investors and hedge funds have recently modified their holdings of the business. MUFG Americas Holdings Corp lifted its stake in shares of J B Hunt Transport Services by 5.7% during the third quarter. MUFG Americas Holdings Corp now owns 88,707 shares of the transportation company’s stock worth $9,816,000 after purchasing an additional 4,760 shares in the last quarter. BBVA USA Bancshares Inc. acquired a new position in shares of J B Hunt Transport Services during the third quarter worth about $423,000. Tower Research Capital LLC TRC lifted its stake in shares of J B Hunt Transport Services by 1,031.8% during the third quarter. Tower Research Capital LLC TRC now owns 5,229 shares of the transportation company’s stock worth $579,000 after purchasing an additional 4,767 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of J B Hunt Transport Services by 20.4% during the third quarter. First Trust Advisors LP now owns 209,947 shares of the transportation company’s stock worth $23,231,000 after purchasing an additional 35,519 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of J B Hunt Transport Services by 11.4% during the third quarter. Daiwa Securities Group Inc. now owns 3,653 shares of the transportation company’s stock worth $404,000 after purchasing an additional 375 shares in the last quarter. Institutional investors own 73.95% of the company’s stock.

About J B Hunt Transport Services

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 in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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