Vanguard Group Inc. Decreases Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Vanguard Group Inc. trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,852,589 shares of the transportation company’s stock after selling 114,127 shares during the quarter. Vanguard Group Inc. owned 0.10% of J.B. Hunt Transport Services worth $1,681,443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Arvest Bank Trust Division purchased a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth about $1,578,000. Smartleaf Asset Management LLC boosted its position in shares of J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after buying an additional 86 shares during the period. State Street Corp boosted its position in shares of J.B. Hunt Transport Services by 0.6% during 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 during the period. Charles Schwab Investment Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 2.2% during 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 during the last quarter. Finally, Abound Wealth Management raised its holdings in shares of J.B. Hunt Transport Services by 145,850.0% in the fourth quarter. Abound Wealth Management now owns 2,919 shares of the transportation company’s stock worth $498,000 after buying an additional 2,917 shares during the period. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on JBHT shares. UBS Group dropped their price objective on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a report on Friday, January 17th. Truist Financial assumed coverage on shares of J.B. Hunt Transport Services in a report on Thursday, March 13th. They issued a “hold” rating and a $165.00 price target on the stock. Stifel Nicolaus decreased their price objective on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a report on Wednesday, January 15th. Citigroup lowered their price objective on shares of 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 reaffirmed a “buy” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.05.

J.B. Hunt Transport Services Stock Up 1.0 %

NASDAQ:JBHT opened at $151.39 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a twelve month low of $144.34 and a twelve month high of $200.40. The company has a market cap of $15.14 billion, a PE ratio of 27.23, a P/E/G ratio of 1.61 and a beta of 1.16. The company’s 50 day moving average is $163.51 and its two-hundred day moving average is $172.41.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share 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 analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.44 dividend. The ex-dividend date 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 dividend on an annualized basis and a dividend yield of 1.16%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction 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 sale, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the firm’s 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 transaction, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

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.