Executive VP & President of Intermodal Darren Field Sold A Bunch Of Shares In J.B. Hunt Transport Services
J.B. Hunt Transport Services, Inc. JBHT | 214.91 | +0.69% |
We wouldn't blame J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shareholders if they were a little worried about the fact that Darren Field, the Executive VP & President of Intermodal recently netted about US$2.0m selling shares at an average price of US$220. That's a big disposal, and it decreased their holding size by 34%, which is notable but not too bad.
J.B. Hunt Transport Services Insider Transactions Over The Last Year
The Independent Lead Director James Robo made the biggest insider purchase in the last 12 months. That single transaction was for US$10.0m worth of shares at a price of US$169 each. We do like to see buying, but this purchase was made at well below the current price of US$228. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
Happily, we note that in the last year insiders paid US$11m for 63.63k shares. On the other hand they divested 35.75k shares, for US$6.9m. Overall, J.B. Hunt Transport Services insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
J.B. Hunt Transport Services is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Insider Ownership Of J.B. Hunt Transport Services
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. J.B. Hunt Transport Services insiders own about US$4.3b worth of shares (which is 21% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About J.B. Hunt Transport Services Insiders?
Insiders haven't bought J.B. Hunt Transport Services stock in the last three months, but there was some selling. But we take heart from prior transactions. On top of that, insiders own a significant portion of the company. So we're not too bothered by recent selling. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company.B. Hunt Transport Services you should be aware of.
Of course J.B. Hunt Transport Services may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
