Eric Mcgee buys 210 shares of JB Hunt Transport Services, Inc. (NASDAQ: JBHT)

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JB Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) Executive Vice President Eric Mcgee purchased 210 shares of the company in a trade dated Wednesday, September 7. The stock was purchased at an average price of $167.75 per share, for a total transaction of $35,227.50. Following the completion of the purchase, the executive vice president now owns 611 shares of the company, valued at $102,495.25. The transaction was disclosed in a filing with the SEC, which is available at this link.

JB Hunt transportation services stock up 1.6%

Shares of JB Hunt Transport Services rose $2.71 during Friday trading, hitting $172.56. 10,607 shares of the stock were traded, compared to its average volume of 729,823. The company has a market capitalization of $17.91 billion, a P/E ratio of 19.15, a price-to-growth ratio earnings of 1.18 and a beta of 1.13. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt ratio of 0.28. JB Hunt Transport Services, Inc. has a 52-week low of $153.92 and a 52-week high of $218.18. The stock’s fifty-day simple moving average is $176.58 and its 200-day simple moving average is $178.70.

JB Hunt Transport Services (NASDAQ:JBHT – Get Rating) last reported quarterly results on Tuesday, July 19. The transportation company reported EPS of $2.42 for the quarter, beating the consensus estimate of $2.35 by $0.07. JB Hunt Transport Services achieved a return on equity of 29.82% and a net margin of 6.73%. The company posted revenue of $3.84 billion for the quarter, versus analyst estimates of $3.61 billion. In the same quarter last year, the company posted earnings per share of $1.61. The company’s revenue for the quarter increased 31.9% year over year. On average, stock analysts predict that JB Hunt Transport Services, Inc. will post earnings per share of 9.66 for the current fiscal year.

JB Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 19. Investors of record on Friday August 5 received a dividend of $0.40 per share. The ex-dividend date was Thursday August 4th. This represents an annualized dividend of $1.60 and a yield of 0.93%. JB Hunt Transport Services’ dividend payout ratio is currently 18.04%.

Analysts set new price targets

JBHT has been the subject of a number of research reports. Barclays lowered its price target on JB Hunt Transport Services from $225.00 to $210.00 and set an “overweight” rating on the stock in a Tuesday July 12 research note. Evercore ISI raised its target price on JB Hunt Transport Services from $207.00 to $210.00 and gave the company an “outperform” rating in a Wednesday, July 20 research report. Stifel Nicolaus raised his price target on JB Hunt Transport Services from $184.00 to $185.00 in a Wednesday, July 20 research report. Raymond James raised his price target on JB Hunt Transport Services from $190.00 to $200.00 and gave the company an “outperform” rating in a Wednesday, July 20 research report. Finally, Credit Suisse Group raised its price target on JB Hunt Transport Services from $178.00 to $185.00 and gave the company a “neutral” rating in a Wednesday, July 20 research report. Eight equity research analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to MarketBeat, JB Hunt Transport Services currently has a “Moderate Buy” consensus rating and an average target price of $203.63.

Hedge funds weigh on JB Hunt’s transport services

Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. MetLife Investment Management LLC increased its stake in JB Hunt Transport Services by 41.1% during the first quarter. MetLife Investment Management LLC now owns 26,197 shares of the transportation company worth $5,260,000 after purchasing an additional 7,636 shares during the period. Commonwealth Equity Services LLC increased its position in JB Hunt Transport Services shares by 12.9% during the first quarter. Commonwealth Equity Services LLC now owns 11,672 shares of the transportation company valued at $2,343,000 after acquiring 1,336 additional shares in the last quarter. Ensign Peak Advisors Inc increased its position in JB Hunt Transport Services shares by 172.6% during the fourth quarter. Ensign Peak Advisors Inc now owns 21,831 shares of the transportation company valued at $4,462,000 after acquiring 13,824 additional shares in the last quarter. Jupiter Asset Management Ltd. increased its position in JB Hunt Transport Services shares by 46.3% during the first quarter. Jupiter Asset Management Ltd. now owns 2,379 shares of the transportation company valued at $478,000 after acquiring 753 additional shares in the last quarter. Finally, the Swiss National Bank strengthened its position in JB Hunt Transport Services by 13.7% in the 1st quarter. The Swiss National Bank now owns 363,794 shares of the transportation company valued at $73,046,000 after buying an additional 43,900 shares during the period. 73.87% of the shares are held by hedge funds and other institutional investors.

JB Hunt Transport Services Company Profile

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JB Hunt Transport Services, Inc provides ground transportation, delivery and logistics services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Last Mile Services (FMS) and Full Load (JBT). The JBI segment offers intermodal freight solutions.

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Insider Buying and Selling by Quarter for JB Hunt Transport Services (NASDAQ:JBHT)

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