JB Hunt Transport Services Inc. Chairman James K. Thompson sold $1.98 million of shares, according to a filing with the U.S. Securities & Exchange Commission.
Thompson disposed of 16,269 shares at an average price of $122 on July 18, according to the filing. The transaction reduced the directly owned shares by 28% to 41,559 shares. Thompson sold the shares after J.B. Hunt dropped 6.1% in the past month.
David G. Mee, the company’s chief financial officer, also sold shares. Mee sold $744,129 of shares, according to a filing with SEC.
Mee disposed of 6,126 shares at an average price of $121.47 on July 18, according to the filing.
J.B. Hunt insiders sold 271,671 shares at an average price of $124.55 in the past six months according to data compiled by Bloomberg. These insiders hold a 4.01% stake.
Shares of the Lowell, Ark.-based company were unchanged in the past six months, bringing J.B. Hunt’s market value to $13.3 billion. The stock reached its 52-week high of $131.74 on June 13 and its low for the past year of $88.83 on Aug. 1.
Bloomberg publishes notices on insider transactions when an individual insider buys or sells a significant amount of company shares disclosed in Form 4 filings and the purchase or sale is an open market transaction.