John N. Roberts Buys 6,200 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) CEO John N. Roberts acquired 6,200 shares of the business’s stock in a transaction on Friday, April 26th. The shares were bought at an average price of $161.06 per share, with a total value of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock traded up $0.15 during trading hours on Monday, reaching $162.16. The company’s stock had a trading volume of 1,026,430 shares, compared to its average volume of 848,092. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $160.07 and a fifty-two week high of $219.51. The company has a market capitalization of $16.75 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.13 and a beta of 1.11. The firm’s 50 day simple moving average is $191.84 and its 200-day simple moving average is $191.83.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. StockNews.com downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Friday, March 8th. Benchmark reissued a “buy” rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. Barclays lowered their price target on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Finally, Robert W. Baird cut their price objective on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $194.24.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its holdings in shares of J.B. Hunt Transport Services by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 100,773 shares of the transportation company’s stock valued at $20,079,000 after purchasing an additional 1,123 shares during the last quarter. UMB Bank n.a. grew its stake in shares of J.B. Hunt Transport Services by 9,163.8% during the first quarter. UMB Bank n.a. now owns 5,373 shares of the transportation company’s stock worth $1,071,000 after buying an additional 5,315 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in shares of J.B. Hunt Transport Services during the first quarter worth $40,000. New York State Teachers Retirement System lifted its stake in shares of J.B. Hunt Transport Services by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 89,410 shares of the transportation company’s stock valued at $17,815,000 after acquiring an additional 461 shares during the last quarter. Finally, Horrell Capital Management Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 0.3% during the 1st quarter. Horrell Capital Management Inc. now owns 57,143 shares of the transportation company’s stock valued at $11,386,000 after acquiring an additional 147 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

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.