J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 59,475 shares of the transportation company’s stock after selling 3,118 shares during the quarter. US Bancorp DE owned 0.06% of J.B. Hunt Transport Services worth $10,151,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Studio Investment Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 5.4% in the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock worth $184,000 after acquiring an additional 55 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 2.6% in the 3rd quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after acquiring an additional 55 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of J.B. Hunt Transport Services by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock worth $492,000 after acquiring an additional 56 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 18.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after acquiring an additional 60 shares during the last quarter. Finally, Huntington National Bank lifted its holdings in shares of J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after acquiring an additional 61 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on JBHT. Barclays upped their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Susquehanna raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price on the stock in a research note on Friday, January 3rd. Bank of America upped their target price on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Finally, Stephens reaffirmed an “overweight” rating and set a $205.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.11.

J.B. Hunt Transport Services Trading Down 2.1 %

Shares of J.B. Hunt Transport Services stock opened at $157.82 on Tuesday. The company has a fifty day simple moving average of $170.96 and a 200-day simple moving average of $174.78. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $204.43. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market cap of $15.78 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 1.61 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the company posted $1.47 EPS. The company’s quarterly revenue was down 4.5% on a year-over-year basis. On average, equities 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 announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.44 dividend. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.12%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.65%.

Insider Activity

In related news, EVP Eric Mcgee sold 145 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now owns 700 shares in the company, valued at $127,904. This represents a 17.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 10,545 shares of company stock worth $1,898,942. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Company 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.