Sumitomo Mitsui Financial Group Inc. Has $11.27 Million Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Sumitomo Mitsui Financial Group Inc. boosted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,014 shares of the transportation company’s stock after buying an additional 2,480 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in J.B. Hunt Transport Services were worth $11,266,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. iA Global Asset Management Inc. lifted its stake in shares of J.B. Hunt Transport Services by 2.6% in the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after buying an additional 55 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in J.B. Hunt Transport Services by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock valued at $878,000 after acquiring an additional 61 shares during the period. Signaturefd LLC increased its stake in shares of J.B. Hunt Transport Services by 8.0% in the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock worth $140,000 after purchasing an additional 61 shares during the period. Blue Trust Inc. increased its stake in shares of J.B. Hunt Transport Services by 18.6% in the fourth quarter. Blue Trust Inc. now owns 535 shares of the transportation company’s stock worth $92,000 after purchasing an additional 84 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after purchasing an additional 86 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 1.2 %

NASDAQ JBHT opened at $134.66 on Monday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $127.35 and a fifty-two week high of $200.40. The business has a fifty day moving average price of $159.46 and a two-hundred day moving average price of $171.26. 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 stock has a market capitalization of $13.47 billion, a PE ratio of 24.22, a PEG ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion during 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 quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business earned $1.47 earnings per share. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was 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 annualized dividend and a dividend yield of 1.31%. J.B. Hunt Transport Services’s payout ratio is 31.65%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citigroup cut 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 report on Friday, January 17th. UBS Group cut their target price on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Benchmark dropped their price objective on shares of J.B. Hunt Transport Services from $195.00 to $175.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Bank of America reduced their target price on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Finally, Truist Financial assumed coverage on J.B. Hunt Transport Services in a research report on Thursday, March 13th. They set a “hold” rating and a $165.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $181.55.

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.