Have Insiders Sold J.B. Hunt Transport Services Shares Recently?
J.B. Hunt Transport Services' Executive VP recently sold $1.1 million worth of shares, reducing their holding by 25%. Over the past year, insiders bought $11 million worth of shares but sold $5.4 million. Despite recent selling, insiders own 22% of the company, indicating strong alignment with shareholder interests. However, there have been more sales than purchases in the last three months, raising some concerns. Investors should also be aware of two warning signs related to the company.
Some J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) shareholders may be a little concerned to see that the Executive VP & President of Intermodal, Darren Field, recently sold a substantial US$1.1m worth of stock at a price of US$169 per share. That's a big disposal, and it decreased their holding size by 25%, which is notable but not too bad.
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J.B. Hunt Transport Services Insider Transactions Over The Last Year
In the last twelve months, the biggest single purchase by an insider was when Independent Lead Director James Robo bought US$10.0m worth of shares at a price of US$169 per share. That means that even when the share price was higher than US$169 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Happily, we note that in the last year insiders paid US$11m for 63.63k shares. But insiders sold 30.21k shares worth US$5.4m. In total, J.B. Hunt Transport Services insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
View our latest analysis for J.B. Hunt Transport Services
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.
Does J.B. Hunt Transport Services Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that J.B. Hunt Transport Services insiders own 22% of the company, worth about US$3.5b. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At J.B. Hunt Transport Services Tell Us?
Unfortunately, there has been more insider selling of J.B. Hunt Transport Services stock, than buying, in the last three months. In contrast, they appear keener if you look at the last twelve months. And insider ownership remains quite considerable. So we're happy to look past recent trading. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing J.B. Hunt Transport Services. Case in point: We've spotted 2 warning signs for J.B. Hunt Transport Services you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
