Yousif Capital Management LLC Sells 265 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Yousif Capital Management LLC lessened its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,883 shares of the transportation company’s stock after selling 265 shares during the period. Yousif Capital Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,857,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC grew its stake in shares of J.B. Hunt Transport Services by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock valued at $581,567,000 after acquiring an additional 22,563 shares during the period. State Street Corp lifted its holdings in 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 valued at $566,944,000 after purchasing an additional 19,826 shares in the last quarter. Parnassus Investments LLC boosted its position in shares of J.B. Hunt Transport Services by 14.1% in the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after purchasing an additional 93,213 shares during the period. Stifel Financial Corp increased its stake in shares of J.B. Hunt Transport Services by 1.4% in the third quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company’s stock worth $110,524,000 after purchasing an additional 8,997 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of J.B. Hunt Transport Services by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock valued at $95,419,000 after purchasing an additional 12,040 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Evercore ISI decreased their price objective on shares of 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. Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. TD Cowen reduced their price objective on shares of 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. Finally, JPMorgan Chase & Co. cut their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.11.

J.B. Hunt Transport Services Trading Up 0.2 %

Shares of JBHT opened at $167.50 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The stock has a market cap of $16.89 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15. The firm’s fifty day moving average is $174.54 and its two-hundred day moving average is $174.85. 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 quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the company posted $1.47 EPS. The firm’s revenue was down 4.5% on a year-over-year basis. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.44 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.05%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 30.94%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now owns 700 shares of the company’s stock, valued at $127,904. This trade represents a 17.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,545 shares of company stock valued at $1,898,942. Insiders own 2.10% of the company’s stock.

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.