J.B. Hunt’s EVP Eric McGee sells $26,494 in inventory

Eric McGee, Govt Vice President of Freeway Companies at J.B. Hunt Transport Companies Inc. (NASDAQ:JBHT), a $18.5 billion transportation firm, not too long ago offered shares within the firm. In line with a submitting with the Securities and Trade Fee, McGee offered 145 shares of widespread inventory on December 6, 2024, at a mean worth of $182.724 per share, totaling $26,494. The transaction occurred because the inventory trades at a comparatively excessive P/E a number of of 32.5x.

Following the transaction, McGee holds 700 shares straight. Moreover, he retains vital holdings by means of a 401(okay) plan, amounting to six,420.12 shares of widespread inventory. The submitting additionally detailed McGee’s substantial holdings in restricted inventory, which incorporates quite a lot of future train dates and expiration durations. In line with InvestingPro, analysts keep a constructive outlook on JBHT with a consensus goal above present buying and selling ranges, whereas the corporate has maintained dividend funds for 21 consecutive years. For deeper insights into insider buying and selling patterns and complete evaluation, InvestingPro affords detailed analysis reviews protecting over 1,400 US shares, together with JBHT.

In different latest information, J.B. Hunt Transport Companies reported blended outcomes for the third quarter, with a 3% decline in income, a 7% drop in working revenue, and a 17% lower in diluted earnings per share. Regardless of these challenges, the corporate noticed a 5% year-over-year improve in intermodal volumes. Analysts’ reactions to those outcomes assorted, with CFRA downgrading J.B. Hunt’s inventory score to Promote, whereas Stifel monetary agency raised its worth goal for the corporate to $167, sustaining a Maintain score, and Baird reaffirmed its Outperform score with a worth goal of $205.

As well as, J.B. Hunt declared a quarterly dividend of $0.43 per widespread share, reflecting the corporate’s ongoing dedication to shareholder returns. The corporate additionally revised its capital expenditures for 2024 right down to $625 million and repurchased roughly $200 million in inventory.

J.B. Hunt anticipates new account product sales to be throughout the annual vary of 1,000 to 1,200 vans and expects working revenue development to lag behind fleet development. These are the latest developments for J.B. Hunt Transport Companies, a distinguished participant within the North American transportation business.

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