Earl Wayne Garrison Sells 50,000 Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) Stock

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J B Hunt Transport Services Inc (NASDAQ:JBHT) Director Earl Wayne Garrison sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $111.29, for a total value of $5,564,500.00. Following the completion of the transaction, the director now owns 1,608,958 shares in the company, valued at approximately $179,060,935.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

JBHT stock opened at $115.75 on Thursday. The stock has a market cap of $12.16 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.64. The stock’s fifty day simple moving average is $102.98 and its two-hundred day simple moving average is $98.15. J B Hunt Transport Services Inc has a 1-year low of $83.64 and a 1-year high of $126.99.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.12). The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. As a group, analysts forecast that J B Hunt Transport Services Inc will post 5.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Thursday, August 1st. J B Hunt Transport Services’s dividend payout ratio (DPR) is currently 18.34%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in J B Hunt Transport Services by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 1,239,550 shares of the transportation company’s stock worth $115,143,000 after acquiring an additional 74,521 shares during the period. SG Americas Securities LLC boosted its stake in J B Hunt Transport Services by 7.0% in the first quarter. SG Americas Securities LLC now owns 4,812 shares of the transportation company’s stock valued at $487,000 after acquiring an additional 313 shares during the last quarter. Candriam Luxembourg S.C.A. purchased a new position in J B Hunt Transport Services in the first quarter valued at about $456,000. California Public Employees Retirement System grew its position in shares of J B Hunt Transport Services by 5.3% during the 1st quarter. California Public Employees Retirement System now owns 239,222 shares of the transportation company’s stock valued at $24,231,000 after acquiring an additional 12,017 shares during the period. Finally, Stephens Investment Management Group LLC grew its position in shares of J B Hunt Transport Services by 1.0% during the 1st quarter. Stephens Investment Management Group LLC now owns 171,897 shares of the transportation company’s stock valued at $17,411,000 after acquiring an additional 1,627 shares during the period. Institutional investors own 73.89% of the company’s stock.

Several equities research analysts recently issued reports on the company. Susquehanna Bancshares upped their price target on J B Hunt Transport Services from $110.00 to $114.00 in a report on Tuesday, July 16th. Goldman Sachs Group assumed coverage on J B Hunt Transport Services in a research note on Wednesday, July 10th. They set a “buy” rating and a $113.00 price objective on the stock. Deutsche Bank set a $82.00 price objective on J B Hunt Transport Services and gave the company a “sell” rating in a research note on Thursday, July 11th. Cowen reaffirmed a “market perform” rating and set a $113.00 price objective (up from $112.00) on shares of J B Hunt Transport Services in a report on Tuesday, July 16th. Finally, Stifel Nicolaus upped their target price on shares of J B Hunt Transport Services from $95.00 to $104.00 and gave the stock a “hold” rating in a research note on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $107.13.

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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