Earl Wayne Garrison Sells 100,000 Shares of J. B. Hunt (JBHT) Stock

J. B. Hunt (NASDAQ:JBHT) Director Earl Wayne Garrison sold 100,000 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $126.21, for a total transaction of $12,621,000.00. Following the completion of the sale, the director now owns 1,806,561 shares of the company’s stock, valued at approximately $228,006,063.81. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Earl Wayne Garrison also recently made the following trade(s):

  • On Wednesday, May 9th, Earl Wayne Garrison sold 100,000 shares of J. B. Hunt stock. The shares were sold at an average price of $120.54, for a total transaction of $12,054,000.00.

NASDAQ JBHT traded up $1.17 during trading on Friday, reaching $126.86. 990,200 shares of the company’s stock traded hands, compared to its average volume of 1,005,566. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 1.87 and a beta of 0.94. J. B. Hunt has a 12-month low of $83.42 and a 12-month high of $127.14.

J. B. Hunt (NASDAQ:JBHT) last posted its earnings results on Monday, April 16th. The transportation company reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. J. B. Hunt had a net margin of 9.35% and a return on equity of 25.90%. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. equities analysts expect that J. B. Hunt will post 5.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 18th. Shareholders of record on Friday, May 4th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 3rd. J. B. Hunt’s dividend payout ratio (DPR) is 25.67%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Profund Advisors LLC increased its position in J. B. Hunt by 5.5% during the 4th quarter. Profund Advisors LLC now owns 8,665 shares of the transportation company’s stock valued at $996,000 after purchasing an additional 449 shares during the period. FDx Advisors Inc. grew its position in shares of J. B. Hunt by 13.1% in the 4th quarter. FDx Advisors Inc. now owns 4,168 shares of the transportation company’s stock worth $479,000 after buying an additional 483 shares during the last quarter. Buckingham Capital Management Inc. grew its position in shares of J. B. Hunt by 9.6% in the 3rd quarter. Buckingham Capital Management Inc. now owns 5,545 shares of the transportation company’s stock worth $616,000 after buying an additional 485 shares during the last quarter. Norinchukin Bank The grew its position in shares of J. B. Hunt by 7.7% in the 4th quarter. Norinchukin Bank The now owns 6,844 shares of the transportation company’s stock worth $787,000 after buying an additional 491 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of J. B. Hunt by 1.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 28,925 shares of the transportation company’s stock worth $3,326,000 after buying an additional 500 shares during the last quarter. 72.56% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on JBHT shares. BidaskClub upgraded shares of J. B. Hunt from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 24th. Stephens reiterated a “buy” rating and set a $140.00 price objective on shares of J. B. Hunt in a report on Friday, January 19th. Argus started coverage on shares of J. B. Hunt in a report on Tuesday, March 20th. They set a “buy” rating and a $150.00 price objective for the company. Zacks Investment Research upgraded shares of J. B. Hunt from a “hold” rating to a “buy” rating and set a $138.00 price objective for the company in a report on Tuesday, January 23rd. Finally, Credit Suisse Group lifted their price objective on shares of J. B. Hunt from $129.00 to $136.00 and gave the company an “outperform” rating in a report on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. J. B. Hunt presently has a consensus rating of “Hold” and an average price target of $124.50.

About J. B. Hunt

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

Insider Buying and Selling by Quarter for J. B. Hunt (NASDAQ:JBHT)

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