Mutual of America Capital Management LLC Decreases Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mutual of America Capital Management LLC trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,544 shares of the transportation company’s stock after selling 379 shares during the quarter. Mutual of America Capital Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC increased its position 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 valued at $26,000 after purchasing an additional 142 shares during the period. National Pension Service purchased a new position in J.B. Hunt Transport Services during the 4th quarter valued at $30,000. BankPlus Trust Department purchased a new position in J.B. Hunt Transport Services during the 4th quarter valued at $34,000. Versant Capital Management Inc increased its position in J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 142 shares during the period. Finally, Huntington National Bank increased its position in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JBHT has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research report on Friday. They set a “hold” rating and a $167.00 price objective on the stock. Citigroup dropped their target price on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a report on Friday, January 17th. 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 on the stock in a report on Friday, January 17th. Evercore ISI dropped their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. Finally, Stifel Nicolaus dropped their target price on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.84.

Insider Buying and Selling

In related news, Director James K. Thompson sold 4,400 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $163.45 on Friday. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $203.02. The firm has a market capitalization of $16.35 billion, a P/E ratio of 29.40, a PEG ratio of 1.61 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $170.09 and a 200-day moving average price of $174.44.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly 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). 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 previous year, the company earned $1.47 EPS. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% compared to the same quarter last year. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.08%. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.65%.

J.B. Hunt Transport Services 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.