David Keefauver Sells 989 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Get Free Report) EVP David Keefauver sold 989 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president directly owned 946 shares of the company's stock, valued at $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

J.B. Hunt Transport Services Stock Down 0.0%

NASDAQ JBHT traded down $0.03 during midday trading on Thursday, hitting $149.81. 678,217 shares of the company traded hands, compared to its average volume of 1,140,927. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.89. The company has a market cap of $14.86 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 2.34 and a beta of 1.29. The company's 50-day simple moving average is $144.72 and its 200-day simple moving average is $150.89. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03). The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm's revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $1.32 EPS. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

Wall Street Analyst Weigh In

JBHT has been the subject of several analyst reports. Morgan Stanley lowered their price objective on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. TD Cowen lowered their price objective on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Stephens lowered their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group set a $164.00 price objective on J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Finally, Citigroup restated a "buy" rating and set a $170.00 target price (down previously from $175.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.90.

Institutional Trading of J.B. Hunt Transport Services

Several hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc lifted its holdings in shares of J.B. Hunt Transport Services by 24.2% during the 2nd quarter. IFP Advisors Inc now owns 1,153 shares of the transportation company's stock valued at $166,000 after purchasing an additional 225 shares during the last quarter. Callan Family Office LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $274,000. Vontobel Holding Ltd. lifted its holdings in shares of J.B. Hunt Transport Services by 17.6% during the 2nd quarter. Vontobel Holding Ltd. now owns 2,087 shares of the transportation company's stock valued at $300,000 after purchasing an additional 312 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $300,000. Finally, KLP Kapitalforvaltning AS raised its stake in J.B. Hunt Transport Services by 1.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 28,495 shares of the transportation company's stock worth $4,092,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other 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.

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