Commonwealth Equity Services LLC Lowers Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Commonwealth Equity Services LLC cut its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,752 shares of the transportation company’s stock after selling 1,461 shares during the quarter. Commonwealth Equity Services LLC’s holdings in J.B. Hunt Transport Services were worth $1,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC increased its holdings in J.B. Hunt Transport Services by 2,028.6% during the 3rd 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 purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at $30,000. BankPlus Trust Department bought a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $34,000. Versant Capital Management Inc lifted its stake in J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings 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 in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In other 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 completion of the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at $2,881,282.74. The trade was a 6.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Down 3.1 %

J.B. Hunt Transport Services stock opened at $146.12 on Friday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $144.34 and a fifty-two week high of $200.40. The company has a market cap of $14.61 billion, a PE ratio of 26.28, a PEG ratio of 1.61 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The business’s 50-day simple moving average is $162.28 and its two-hundred day simple moving average is $172.09.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the company earned $1.47 EPS. J.B. Hunt Transport Services’s quarterly revenue was down 4.5% on a year-over-year basis. Equities 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, February 7th. This is a boost 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%.

Analyst Upgrades and Downgrades

JBHT has been the subject of several recent research reports. Stifel Nicolaus reduced their price target 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. Evercore ISI lowered 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 report on Friday, January 17th. Wells Fargo & Company reduced 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 research report on Thursday. UBS Group decreased 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 research note on Friday, January 17th. Finally, Truist Financial initiated coverage on J.B. Hunt Transport Services in a research note on Thursday, March 13th. They issued a “hold” rating and a $165.00 target price on the stock. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.05.

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.