Keybank National Association OH Takes $255,000 Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Keybank National Association OH purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,496 shares of the transportation company’s stock, valued at approximately $255,000.

Other large investors also recently made changes to their positions in the company. True Wealth Design LLC lifted its stake in shares of J.B. Hunt Transport Services by 2,028.6% in 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 bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $30,000. BankPlus Trust Department bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $34,000. Versant Capital Management Inc increased its position in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after buying an additional 142 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 3.8 %

J.B. Hunt Transport Services stock opened at $154.18 on Wednesday. The firm has a 50-day moving average of $169.55 and a 200-day moving average of $174.17. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $202.78. 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 cap of $15.42 billion, a price-to-earnings ratio of 27.73, a P/E/G ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 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 analyst estimates of $3.13 billion. During the same quarter in the prior year, the company earned $1.47 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis. On average, equities analysts expect 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 company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.44 dividend. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 1.14%. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.65%.

Wall Street Analyst Weigh In

A number of research firms recently commented on JBHT. UBS Group lowered their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company lowered their price objective 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. Raymond James lowered their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. TD Cowen lowered 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 report on Friday, January 17th. Finally, Benchmark reiterated a “buy” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $189.84.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

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.