Heartland Advisors Inc. Has $22.11 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Heartland Advisors Inc. boosted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 13.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 129,531 shares of the transportation company’s stock after acquiring an additional 15,212 shares during the period. J.B. Hunt Transport Services accounts for 1.2% of Heartland Advisors Inc.’s portfolio, making the stock its 14th largest position. Heartland Advisors Inc.’s holdings in J.B. Hunt Transport Services were worth $22,106,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. True Wealth Design LLC boosted its holdings in J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock worth $26,000 after buying an additional 142 shares during the last quarter. National Pension Service bought a new position in J.B. Hunt Transport Services during the 4th quarter worth about $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at about $34,000. Versant Capital Management Inc boosted its position in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after buying an additional 142 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of several recent research reports. 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 report on Monday, March 17th. Truist Financial started coverage on J.B. Hunt Transport Services in a report on Thursday, March 13th. They set a “hold” rating and a $165.00 price target for the company. Wells Fargo & Company dropped their price target on J.B. Hunt Transport Services from $190.00 to $170.00 and set an “overweight” rating for the company in a report on Thursday. Susquehanna cut shares of J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $200.00 to $165.00 in a report on Wednesday. Finally, Raymond James reduced their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average target price of $184.05.

Insider Activity

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

J.B. Hunt Transport Services Trading Down 0.4 %

JBHT opened at $150.80 on Friday. The company has a market cap of $15.08 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. The company has a fifty day moving average price of $162.80 and a two-hundred day moving average price of $172.26. 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 1-year low of $144.34 and a 1-year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate 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 company’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.47 EPS. Analysts predict 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 declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.17%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s 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.