Eric Mcgee, EVP Highway Services of JB Hunt Transport Services Inc (NASDAQ:JBHT), sold 3,800 shares of the company on February 23, 2024, according to a recent SEC filing. The transaction was executed at an average price of $212.56 per share, resulting in a total value of $807,728.
JB Hunt Transport Services Inc is a transportation and logistics company, which provides a wide range of services including intermodal transport, dedicated freight services, and integrated capacity solutions, among others. The company operates one of the largest fleets of trucks and trailers in North America and is known for its innovative logistics solutions.
Over the past year, the insider has sold a total of 5,710 shares of JB Hunt Transport Services Inc and has not made any purchases of the stock. The insider transaction history for the company shows a pattern of 19 insider sells and no insider buys over the same timeframe.
Shares of JB Hunt Transport Services Inc were trading at $212.56 on the day of the insider's recent sale, giving the company a market capitalization of $21.902 billion. The price-earnings ratio of the stock stands at 30.44, which is above both the industry median of 14.11 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is currently 1.16, indicating that JB Hunt Transport Services Inc is considered Modestly Overvalued according to the GF Value. The GF Value is a proprietary intrinsic value estimate from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider's recent sale could be a signal to investors about the stock's current valuation and future prospects. However, it is important to consider the broader context of the market and the company's performance when interpreting insider transactions.
Investors and analysts often monitor insider selling as it can provide insights into an insider's perspective on the stock's value. Nonetheless, insider transactions are just one of many factors that should be considered in a comprehensive investment decision-making process.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
