J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Holdings Trimmed by Tredje AP fonden

Tredje AP fonden lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,487 shares of the transportation company’s stock after selling 6,486 shares during the quarter. Tredje AP fonden’s holdings in J.B. Hunt Transport Services were worth $1,107,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. True Wealth Design LLC boosted 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 valued at $26,000 after buying an additional 142 shares in the last quarter. National Pension Service bought a new position in J.B. Hunt Transport Services during the fourth quarter valued at about $30,000. BankPlus Trust Department bought a new position in J.B. Hunt Transport Services during the fourth quarter valued at about $34,000. Versant Capital Management Inc boosted its stake in J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after buying an additional 134 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JBHT. Stephens reiterated an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Evercore ISI decreased their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. UBS Group decreased their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Citigroup decreased their price target on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, Benchmark reiterated a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $188.60.

J.B. Hunt Transport Services Stock Down 0.3 %

JBHT opened at $149.00 on Friday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $147.00 and a fifty-two week high of $200.40. The business has a 50-day moving average of $168.26 and a 200-day moving average of $173.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The company has a market capitalization of $14.90 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 EPS. Equities research analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.18%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

Insider Activity

In other news, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the transaction, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. 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.