Farther Finance Advisors LLC Sells 132 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Farther Finance Advisors LLC decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 34.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 256 shares of the transportation company’s stock after selling 132 shares during the quarter. Farther Finance Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $44,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. True Wealth Design LLC grew its stake in shares of 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 purchasing an additional 142 shares during the period. National Pension Service acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $34,000. Versant Capital Management Inc grew its stake 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 purchasing an additional 142 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after purchasing an additional 134 shares during the period. Institutional investors own 74.95% of the company’s stock.

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 that occurred on Friday, March 7th. The stock was 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 in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares in the company, 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. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $148.55 on Monday. J.B. Hunt Transport Services, Inc. has a 12-month low of $144.34 and a 12-month high of $200.40. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 1.61 and a beta of 1.16. The business has a 50 day moving average of $165.39 and a 200-day moving average of $172.81. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results 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 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 return on equity of 14.05% and a net margin of 4.72%. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the business posted $1.47 EPS. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.18%. 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 (DPR) is 31.65%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Raymond James decreased their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Evercore ISI decreased their target price on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. TD Cowen decreased their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. UBS Group decreased their target price on 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. Finally, Susquehanna raised J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a research note on Friday, January 3rd. Eight investment 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.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.80.

About J.B. Hunt Transport Services

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.