On August 23, 2024, Darren Field, EVP and President Intermodal at JB Hunt Transport Services Inc (NASDAQ:JBHT), completed a sale of 3,000 shares of the company’s stock. The transaction was filed with the SEC on the same day. Following this transaction, the insider now owns 6,606.45 shares of JB Hunt Transport Services Inc.
JB Hunt Transport Services Inc., a major player in the transportation and logistics industry, specializes in freight shipping and handling. The company offers a wide range of services, including intermodal transportation, dedicated freight and integrated capacity solutions, serving a diverse customer base across North America.
Over the past year, the insider has sold a total of 9,000 shares and made no purchases. This recent sale is part of a broader trend seen within the company. Over the past year, there were 12 insider sales and only 3 insider purchases.
JB Hunt Transport Services Inc. shares were trading at $175.03 on the day of the sale. The company’s market capitalization is approximately $18.01 billion. Its price-to-earnings ratio is 30.39, well above the industry median of 13.71 and the company’s historical median.
The stock is valued at $167.75 according to GF Value, which results in a price to GF Value ratio of 1.04, indicating that the stock is fairly valued. GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business development estimates from analysts.
This insider sale may be of interest to investors who follow insider behavior as an indicator of company performance and valuation prospects. It also provides insights into JB Hunt Transport Services Inc.’s current valuation compared to its historical trading patterns.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
