KBC Group NV Has $2.46 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

KBC Group NV trimmed its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,402 shares of the transportation company’s stock after selling 1,367 shares during the quarter. KBC Group NV’s holdings in J.B. Hunt Transport Services were worth $2,458,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of JBHT. Arvest Bank Trust Division bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at $1,578,000. Forsta AP Fonden lifted its stake in shares of J.B. Hunt Transport Services by 28.2% in the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock valued at $2,740,000 after buying an additional 3,500 shares in the last quarter. State Street Corp lifted its stake in shares of J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after buying an additional 19,826 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of J.B. Hunt Transport Services by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock valued at $95,419,000 after buying an additional 12,040 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of J.B. Hunt Transport Services by 2.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock valued at $32,861,000 after buying an additional 3,910 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JBHT. Evercore ISI dropped their price objective on shares of 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. Raymond James dropped their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. UBS Group dropped their price target on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Stephens reissued an “overweight” rating and set a $205.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Finally, Citigroup dropped their price target on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” 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 presently has an average rating of “Moderate Buy” and an average target price of $191.11.

Insider Buying and Selling

In related news, 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares in the company, valued at $1,563,579.45. The trade was a 16.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,359 shares of company stock valued at $2,632,655. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $171.22 on Friday. The company’s 50 day moving average is $177.47 and its 200-day moving average is $174.66. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. 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 $17.26 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly 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 business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm earned $1.47 EPS. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.03%. 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. J.B. Hunt Transport Services’s dividend payout ratio is 31.65%.

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.