J.B. Hunt Transport Services (NASDAQ:JBHT) COO Nicholas Hobbs Sells 1,272 Shares of Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) COO Nicholas Hobbs sold 1,272 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total transaction of $318,954.00. Following the completion of the sale, the chief operating officer directly owned 91,736 shares in the company, valued at approximately $23,002,802. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $247.03 on Thursday. The stock has a market cap of $23.37 billion, a P/E ratio of 38.24, a PEG ratio of 1.87 and a beta of 1.22. The company’s 50-day simple moving average is $219.79 and its 200 day simple moving average is $197.49. J.B. Hunt Transport Services, Inc. has a twelve month low of $126.05 and a twelve month high of $256.18. The company has a quick ratio of 0.81, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.25 earnings per share for the current fiscal year.

Institutional Trading of J.B. Hunt Transport Services

Several large investors have recently added to or reduced their stakes in JBHT. Root Financial Partners LLC grew its stake in shares of J.B. Hunt Transport Services by 25.4% during the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. Hartford Funds Management Co LLC grew its stake in shares of J.B. Hunt Transport Services by 1.2% during the fourth quarter. Hartford Funds Management Co LLC now owns 4,189 shares of the transportation company’s stock valued at $814,000 after purchasing an additional 49 shares during the last quarter. Whittier Trust Co. grew its stake in shares of J.B. Hunt Transport Services by 39.1% during the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 50 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of J.B. Hunt Transport Services by 6.7% during the fourth quarter. Huntington National Bank now owns 798 shares of the transportation company’s stock valued at $155,000 after purchasing an additional 50 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on JBHT shares. BMO Capital Markets upped their price objective on shares of J.B. Hunt Transport Services from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Argus set a $285.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday. UBS Group upped their price objective on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of J.B. Hunt Transport Services from $176.00 to $211.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Finally, Citigroup upped their price objective on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $227.04.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.