On October 18, 2024, Eric Mcgee, Executive Vice President of Highway Services at JB Hunt Transport Services Inc (JBHT, Financial), sold 175 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 6,420.12 shares of JB Hunt Transport Services Inc.
JB Hunt Transport Services Inc, a major player in the transportation and logistics industry, provides a wide range of services including intermodal transport, dedicated freight, and final mile delivery. The company is known for its extensive fleet and strategic integration of services, catering to a diverse clientele across North America.
Over the past year, Eric Mcgee has sold a total of 3,975 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend within the company, where there have been 13 insider sells and only 3 insider buys over the same timeframe.
Shares of JB Hunt Transport Services Inc were trading at $175.61 on the day of the sale, positioning the company with a market cap of approximately $17.76 billion. The price-earnings ratio stands at 32.03, which is significantly higher than both the industry median of 14.32 and the company's historical median.
The stock's valuation according to GF Value is set at $167.20, indicating a price-to-GF-Value ratio of 1.05. This suggests that JB Hunt Transport Services Inc is Fairly Valued based on its GF Value. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider selling activity could be of interest to current and potential investors, providing insights into the perspectives of high-level executives on the stock's valuation and future prospects.
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.
