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 the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value 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 SEC, which is available through this hyperlink.

J.B. Hunt Transport Services Trading Up 4.2 %

Shares of JBHT traded up $7.78 during trading hours on Wednesday, hitting $193.34. The company had a trading volume of 1,310,914 shares, compared to its average volume of 859,167. The firm has a market cap of $19.49 billion, a P/E ratio of 33.74, a P/E/G ratio of 3.10 and a beta of 1.14. The stock’s 50 day moving average price is $172.73 and its 200 day moving average price is $166.86. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period last year, the firm earned $1.80 earnings per share. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.68 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders 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 0.89%. J.B. Hunt Transport Services’s payout ratio is 31.27%.

Institutional Trading of J.B. Hunt Transport Services

Large investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $26,000. Versant Capital Management Inc lifted its holdings in shares of J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth approximately $36,000. 74.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

JBHT has been the subject of several research reports. TD Cowen increased their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Evercore ISI raised their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Citigroup assumed coverage on J.B. Hunt Transport Services in a report on Wednesday, October 9th. They issued a “buy” rating and a $201.00 price target for the company. Barclays raised their price target on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus raised their price target on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and a consensus target price of $187.56.

About J.B. Hunt Transport Services

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.