J.B. Hunt Transport Services, Inc. $JBHT Stock Holdings Decreased by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC lowered its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 52.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,557 shares of the transportation company’s stock after selling 2,820 shares during the period. Sovereign s Capital Management LLC’s holdings in J.B. Hunt Transport Services were worth $497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Root Financial Partners LLC increased its position in shares of J.B. Hunt Transport Services by 25.4% in the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after purchasing an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the last quarter. Hartford Funds Management Co LLC increased its position in shares of J.B. Hunt Transport Services by 1.2% in the 4th quarter. Hartford Funds Management Co LLC now owns 4,189 shares of the transportation company’s stock worth $814,000 after purchasing an additional 49 shares during the last quarter. Whittier Trust Co. increased its position in shares of J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after purchasing an additional 50 shares during the last quarter. Finally, Huntington National Bank grew its position in shares of J.B. Hunt Transport Services by 6.7% during the 4th quarter. Huntington National Bank now owns 798 shares of the transportation company’s stock valued at $155,000 after buying an additional 50 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 1.2%

J.B. Hunt Transport Services stock opened at $279.82 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $255.66 and a two-hundred day moving average price of $224.36. The firm has a market capitalization of $26.39 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 2.11 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $293.54.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. J.B. Hunt Transport Services’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 EPS. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is presently 27.86%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JBHT shares. Morgan Stanley boosted their price objective on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Wells Fargo & Company boosted their price objective on shares of J.B. Hunt Transport Services from $250.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Stifel Nicolaus boosted their price objective on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, April 2nd. Finally, Citigroup boosted their price objective on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $233.83.

Insider Activity

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs sold 1,272 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total transaction of $318,954.00. Following the completion of the transaction, the chief operating officer directly owned 91,736 shares of the company’s stock, valued at $23,002,802. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president directly owned 15,881 shares of the company’s stock, valued at $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,119 shares of company stock worth $4,736,095 over the last three months. Insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.