J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,189 shares of the transportation company’s stock after selling 2,992 shares during the quarter. Stephens Inc. AR owned 0.12% of J.B. Hunt Transport Services worth $21,466,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBHT. Root Financial Partners LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter valued at approximately $25,000. Parkside Financial Bank & Trust raised its position in J.B. Hunt Transport Services by 41.5% in the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 66 shares during the period. Hantz Financial Services Inc. raised its position in J.B. Hunt Transport Services by 52.8% in the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 76 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. Finally, Sentry Investment Management LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JBHT. UBS Group boosted their target price on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Barclays boosted their target price on J.B. Hunt Transport Services from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Evercore reissued an “outperform” rating and issued a $248.00 target price on shares of J.B. Hunt Transport Services in a research report on Monday. TD Cowen boosted their target price on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Finally, Truist Financial upped their price objective on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $228.17.

J.B. Hunt Transport Services Stock Up 3.0%

J.B. Hunt Transport Services stock opened at $262.21 on Friday. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $263.24. The stock’s fifty day simple moving average is $226.22 and its 200-day simple moving average is $207.40. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $24.73 billion, a P/E ratio of 40.59, a P/E/G ratio of 1.89 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the company earned $1.17 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. As a group, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 4,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the sale, the executive vice president owned 8,696 shares of the company’s stock, valued at approximately $2,213,045.04. This represents a 31.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James K. Thompson sold 1,000 shares of the stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $254.28, for a total value of $254,280.00. Following the completion of the transaction, the director directly owned 19,559 shares in the company, valued at $4,973,462.52. This trade represents a 4.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,510 shares of company stock worth $2,110,410 over the last ninety days. Insiders own 2.50% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.