J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 37.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,083 shares of the transportation company’s stock after selling 5,544 shares during the quarter. State of Alaska Department of Revenue’s holdings in J.B. Hunt Transport Services were worth $1,550,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Studio Investment Management LLC grew its stake in shares of J.B. Hunt Transport Services by 5.4% in the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock worth $184,000 after purchasing an additional 55 shares in the last quarter. iA Global Asset Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 2.6% in the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock worth $368,000 after purchasing an additional 55 shares in the last quarter. Empirical Finance LLC grew its stake in shares of J.B. Hunt Transport Services by 2.0% in the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock worth $492,000 after purchasing an additional 56 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 18.3% in the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after purchasing an additional 60 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after purchasing an additional 61 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $164.63 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The company has a market capitalization of $16.60 billion, a PE ratio of 29.61, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The business has a 50 day simple moving average of $174.13 and a 200 day simple moving average of $174.77.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company 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 quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.47 EPS. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.44 dividend. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.94%.

Analysts Set New Price Targets

JBHT has been the subject of several recent analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Loop Capital upped their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Stephens restated an “overweight” rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective for the company in a report on Friday, January 3rd. Finally, TD Cowen cut their price objective on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.11.

Insider Activity

In related news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services 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 directly owns 700 shares of the company’s stock, valued at $127,904. The trade was a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction 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 sale, the director now directly owns 23,559 shares of the company’s stock, 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. In the last ninety days, insiders sold 10,545 shares of company stock valued at $1,898,942. Company insiders own 2.10% of the company’s stock.

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.