Sumitomo Mitsui Trust Group Inc. Has $32.89 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Sumitomo Mitsui Trust Group Inc. grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 192,712 shares of the transportation company’s stock after purchasing an additional 2,023 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in J.B. Hunt Transport Services were worth $32,888,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. CWM LLC grew its holdings in J.B. Hunt Transport Services by 119.5% in the 3rd quarter. CWM LLC now owns 7,858 shares of the transportation company’s stock valued at $1,354,000 after buying an additional 4,278 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of J.B. Hunt Transport Services by 602.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 583 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 500 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter worth $119,000. Washington Capital Management Inc. increased its position in J.B. Hunt Transport Services by 45.8% during the third quarter. Washington Capital Management Inc. now owns 3,500 shares of the transportation company’s stock worth $603,000 after acquiring an additional 1,100 shares during the period. Finally, Hutchens & Kramer Investment Management Group LLC raised its stake in J.B. Hunt Transport Services by 6.9% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,603 shares of the transportation company’s stock valued at $272,000 after purchasing an additional 103 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on JBHT. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price target on the stock in a research report on Friday, January 3rd. Evercore ISI lowered their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company cut their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Stephens reissued an “overweight” rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered their price objective on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $191.11.

Insider Activity at J.B. Hunt Transport Services

In other news, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the sale, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction on 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 directly owns 23,559 shares in the company, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,545 shares of company stock valued at $1,898,942 over the last ninety days. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $167.50 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market cap of $16.89 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The company’s 50-day moving average price is $174.54 and its two-hundred day moving average price is $174.85.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced 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). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm earned $1.47 earnings per share. The firm’s revenue was down 4.5% compared to the same quarter last year. On average, equities analysts anticipate 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 will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.44 dividend. The ex-dividend date is Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.94%.

J.B. Hunt Transport Services Profile

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.