Simpson's transactions were part of a routine filing and were signed off by her attorney-in-fact, Whitney Elliott, on December 6. JB Hunt (NASDAQ:JBHT), a major player in the trucking industry, continues to be closely watched by investors for any insider trading activities. InvestingPro subscribers can access additional insights, including 8 more ProTips and a comprehensive analysis of JBHT's financial health. InvestingPro subscribers can access additional insights, including 8 more ProTips and a comprehensive analysis of JBHT's financial health.
Simpson's transactions were part of a routine filing and were signed off by her attorney-in-fact, Whitney Elliott, on December 6. JB Hunt, a major player in the trucking industry, continues to be closely watched by investors for any insider trading activities. InvestingPro subscribers can access additional insights, including 8 more ProTips and a comprehensive analysis of JBHT's financial health.
Simpson's transactions were part of a routine filing and were signed off by her attorney-in-fact, Whitney Elliott, on December 6. JB Hunt, a major player in the trucking industry, continues to be closely watched by investors for any insider trading activities.
In other recent news, J.B. Hunt Transport Services has reported mixed financial results for the recent quarter, including a 3% decline in revenue and a 7% drop in operating income. The diluted earnings per share also decreased by 17%. However, the company experienced a 5% year-over-year increase in intermodal volumes. In addition, J.B. Hunt set a quarterly dividend of $0.43 per share, demonstrating the company's ongoing commitment to shareholder returns.
The firm has also seen changes in its stock ratings. CFRA downgraded J.B. Hunt's stock rating to Sell, while Stifel financial firm raised its price target for the company to $167, maintaining a Hold rating. Baird reaffirmed its Outperform rating for J.B. Hunt with a price target of $205, acknowledging the company's recent performance.
J.B. Hunt also revised its capital expenditures for 2024 down to $625 million and repurchased approximately $200 million in stock. The company expects new account gross sales to be within the annual range of 1,000 to 1,200 trucks and anticipates operating income growth to lag behind fleet growth. These are the recent developments for J.B. Hunt Transport Services.
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