JB Hunt Transport Services Inc Chairman James Thompson Sells 4,000 Shares
On January 23, 2024, James Thompson, Chairman of the Board at JB Hunt Transport Services Inc (NASDAQ:JBHT), executed a sale of 4,000 shares of the company's stock. The transaction was filed with the SEC and can be found in the following SEC Filing.
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 in North America and is known for its large fleet of trucks and containers, providing efficient transportation solutions to its customers.
Over the past year, the insider has sold a total of 6,479 shares and has not made any purchases of the company's stock. This latest transaction continues the trend of insider sales at JB Hunt Transport Services Inc, with a total of 16 insider sells and no insider buys reported over the same period.
Shares of JB Hunt Transport Services Inc were trading at $206.48 on the day of the insider's recent sale, resulting in a market capitalization of $21.325 billion. The company's price-earnings ratio stands at 29.64, which is above both the industry median of 13.84 and the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.13, with a GF Value of $183.49, indicating that JB Hunt Transport Services Inc is considered Modestly Overvalued according to GuruFocus's valuation model. The GF Value is determined by 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 may attract the attention of investors who track insider behaviors as an indicator of a company's future performance. However, it is important to consider a wide range of factors when evaluating the potential impact of insider transactions on stock prices.
Investors and analysts often monitor insider sales to gain insights into a company's internal perspective. While insider selling does not necessarily indicate a lack of confidence in the company, it can provide context to the overall sentiment among those with intimate knowledge of the company's operations and 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.
This article first appeared on GuruFocus.
