What the bad jobs report means for markets
James L. Robo, a director at J.B. Hunt Transport Services Inc. (NASDAQ:JBHT), significantly increased his holdings in the company by purchasing a total of 59,447 shares of common stock. The transactions, which took place on February 14, 2025, were executed at prices ranging from $166.57 to $169.48 per share, amounting to a total investment of approximately $9.99 million. According to InvestingPro data, the stock currently trades at $171.88, with analysts setting price targets between $161 and $202.
These acquisitions resulted in Robo’s direct ownership rising to 88,763 shares. The purchases were carried out in multiple transactions, with weighted average prices noted in the company’s SEC filing. This move reflects a substantial commitment to the company by a member of its board, adding a layer of interest for investors closely watching insider activities. InvestingPro analysis shows J.B. Hunt has maintained dividend payments for 22 consecutive years, with a current yield of 1.04%. For deeper insights into JBHT’s valuation and financial health, including 8 additional ProTips, subscribers can access the comprehensive Pro Research Report.
In other recent news, J.B. Hunt Transport Services has been the subject of several key developments. The company introduced a new executive bonus program, focusing on operating income, revenue excluding fuel surcharges, and safety performance. The plan, set to take effect in 2025, will see bonuses of up to 300% of the annual base salary for top executives, provided the company meets certain performance thresholds.
J.B. Hunt also announced a modest increase in its quarterly dividend to $0.44 per share, a 2.3% rise from the previous payout. This dividend will be distributed to stockholders on record as of February 7, 2025.
On the analyst front, Benchmark reiterated their Buy rating on J.B. Hunt, despite reducing earnings estimates following the company’s fourth-quarter earnings report. Similarly, Stifel analysts updated their stance on J.B. Hunt, increasing the stock’s price target to $174 while maintaining a Hold rating. Conversely, TD Cowen maintained a Hold rating but reduced the price target from $180.00 to $171.00 following the company’s fourth-quarter performance.
These recent developments reflect J.B. Hunt’s ongoing efforts to align executive compensation with company performance and safety objectives, return value to shareholders, and navigate the financial landscape amid analyst projections.
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