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 purchased 6,200 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the purchase, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

J.B. Hunt Transport Services Stock Up 0.6 %

Shares of NASDAQ JBHT opened at $163.52 on Thursday. The company has a 50 day simple moving average of $191.09 and a 200 day simple moving average of $191.63. The firm has a market cap of $16.88 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. J.B. Hunt Transport Services, Inc. has a 1 year low of $160.07 and a 1 year high of $219.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a $0.43 dividend. The ex-dividend date is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a yield of 1.05%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JBHT shares. Barclays reduced their price objective 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 note on Wednesday, April 17th. Evercore ISI reduced their price objective on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. UBS Group reduced their price objective on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Robert W. Baird reduced their price objective on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Finally, Stephens dropped their target price on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $194.24.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC bought a new position in J.B. Hunt Transport Services in the 1st quarter valued at approximately $208,000. BNP Paribas Financial Markets increased its position in J.B. Hunt Transport Services by 114.0% during the 1st quarter. BNP Paribas Financial Markets now owns 117,015 shares of the transportation company’s stock valued at $23,315,000 after purchasing an additional 62,330 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in J.B. Hunt Transport Services by 4.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,722 shares of the transportation company’s stock valued at $2,696,000 after purchasing an additional 687 shares during the period. Van ECK Associates Corp increased its position in J.B. Hunt Transport Services by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 12,680 shares of the transportation company’s stock valued at $2,526,000 after purchasing an additional 817 shares during the period. Finally, Hutchens & Kramer Investment Management Group LLC increased its position in J.B. Hunt Transport Services by 23.2% during the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,437 shares of the transportation company’s stock valued at $282,000 after purchasing an additional 271 shares during the period. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.