J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lessened its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 14.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,221 shares of the transportation company’s stock after selling 373 shares during the quarter. First Hawaiian Bank’s holdings in J.B. Hunt Transport Services were worth $379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Janus Henderson Group PLC increased its holdings in J.B. Hunt Transport Services by 0.7% in the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock valued at $581,567,000 after buying an additional 22,563 shares during the last quarter. State Street Corp increased its holdings in shares of J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after acquiring an additional 19,826 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of J.B. Hunt Transport Services by 6.7% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock valued at $269,611,000 after acquiring an additional 105,500 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in J.B. Hunt Transport Services by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock worth $231,416,000 after purchasing an additional 5,179 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after purchasing an additional 193,684 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on JBHT shares. Bank of America increased their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Citigroup raised their target price on shares of J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Loop Capital increased their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. TD Cowen boosted their price objective on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, Stephens restated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.11.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $174.29 on Friday. The business has a 50 day moving average price of $180.77 and a two-hundred day moving average price of $173.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $17.57 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 2.86 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter last year, the business posted $1.80 earnings per share. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.43 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.99%. J.B. Hunt Transport Services’s payout ratio is currently 31.27%.

Insider Activity at J.B. Hunt Transport Services

In related news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares in the company, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now directly owns 700 shares in the company, valued at $127,904. This represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock valued at $2,136,277 over the last ninety days. 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.