J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,115,645 shares of the transportation company’s stock after selling 79,249 shares during the period. Victory Capital Management Inc.’s holdings in J.B. Hunt Transport Services were worth $361,056,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth about $26,000. True Wealth Design LLC grew its stake in J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares during the period. National Pension Service acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth $30,000. BankPlus Trust Department purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at $34,000. Finally, Versant Capital Management Inc lifted its holdings in shares of J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 142 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 0.1 %

NASDAQ:JBHT opened at $157.62 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market capitalization of $15.76 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.61 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $204.43. The stock has a 50-day simple moving average of $170.68 and a 200 day simple moving average of $174.69.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. J.B. Hunt Transport Services’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.47 EPS. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio is 31.65%.

Wall Street Analyst Weigh In

Several research firms have commented on JBHT. Benchmark reissued a “buy” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. TD Cowen reduced their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Stephens restated an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a research note on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $191.11.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,545 shares of company stock worth $1,898,942. 2.10% of the stock is currently owned by insiders.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.