Eric McGee, Executive Vice President of ICS at JB Hunt Transport Services Inc. (NASDAQ:JBHT), reported the sale of 3,300 shares of common stock on February 4, 2025. The shares were sold at a price of $169 each, amounting to a total transaction value of $557,700. The transaction occurred as JBHT, currently valued at $17.1 billion, trades at a P/E ratio of 30.6x. According to InvestingPro analysis, the stock is trading near its Fair Value. Following this transaction, McGee retains ownership of 825 shares directly. Additionally, McGee holds 6,497.4015 shares in a 401(k) account and various restricted stock holdings. The company has maintained dividend payments for 22 consecutive years and raised them for 11 straight years, though InvestingPro data shows 11 analysts have recently revised their earnings expectations downward. For deeper insights into JBHT’s valuation and future prospects, including exclusive ProTips and comprehensive financial analysis, explore the full Pro Research Report available on InvestingPro.
In other recent news, J.B. Hunt Transport Services Inc. has disclosed the adoption of a new performance-based bonus plan for its executive officers, set to take effect for the calendar year 2025. The plan aims to incentivize safety and performance, with bonuses contingent on the company reaching at least 85% of the targeted amounts for each performance metric. Furthermore, the company has declared an increase in its quarterly dividend to $0.44 per common share, reflecting a 2.3% rise from the previous payout.
In terms of analyst commentary, Benchmark analysts reiterated their Buy rating on J.B. Hunt, despite reducing their earnings estimates following the company’s fourth-quarter earnings report. Meanwhile, TD Cowen maintained a Hold rating but reduced the price target from $180.00 to $171.00, in response to the company’s first-quarter guidance suggesting a sequential earnings decline. Stifel analysts also maintained a Hold rating but increased the stock’s price target to $174 from the previous $161.
These recent developments underscore J.B. Hunt’s commitment to aligning executive compensation with company performance, enhancing shareholder returns, and adjusting to market expectations.
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