J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 54.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,522 shares of the transportation company’s stock after selling 6,646 shares during the period. Corient Private Wealth LLC’s holdings in J.B. Hunt Transport Services were worth $942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Arvest Bank Trust Division acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter worth approximately $1,578,000. Smartleaf Asset Management LLC boosted its stake in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after purchasing an additional 86 shares during the last quarter. State Street Corp grew its holdings in shares of J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after buying an additional 19,826 shares in the last quarter. Abound Wealth Management raised its position in shares of J.B. Hunt Transport Services by 145,850.0% in the fourth quarter. Abound Wealth Management now owns 2,919 shares of the transportation company’s stock valued at $498,000 after buying an additional 2,917 shares during the last quarter. Finally, Keybank National Association OH purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth about $255,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $150.80 on Friday. The business’s fifty day moving average price is $162.80 and its 200 day moving average price is $172.26. J.B. Hunt Transport Services, Inc. has a 12-month low of $144.34 and a 12-month high of $200.40. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $15.08 billion, a PE ratio of 27.12, a P/E/G ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company earned $1.47 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, sell-side 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 declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.17%. 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 currently 31.65%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on JBHT shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a “hold” rating and a $167.00 target price on the stock. Benchmark reiterated a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Evercore ISI dropped 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. JPMorgan Chase & Co. reduced their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Truist Financial started coverage on shares of J.B. Hunt Transport Services in a report on Thursday, March 13th. They issued a “hold” rating and a $165.00 price objective for the company. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.