J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 52.7% during the 1st quarter, Holdings Channel reports. The fund owned 6,519 shares of the transportation company’s stock after selling 7,265 shares during the quarter. Sterling Capital Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in JBHT. Focus Partners Advisor Solutions LLC increased its holdings in J.B. Hunt Transport Services by 114.1% in the third quarter. Focus Partners Advisor Solutions LLC now owns 13,310 shares of the transportation company’s stock valued at $1,786,000 after buying an additional 7,094 shares in the last quarter. American Century Companies Inc. lifted its position in shares of J.B. Hunt Transport Services by 12.4% during the 3rd quarter. American Century Companies Inc. now owns 234,471 shares of the transportation company’s stock valued at $31,459,000 after acquiring an additional 25,816 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at approximately $539,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of J.B. Hunt Transport Services by 45.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,809 shares of the transportation company’s stock worth $11,712,000 after acquiring an additional 17,839 shares in the last quarter. Finally, Korea Investment CORP boosted its stake in shares of J.B. Hunt Transport Services by 88.8% during the 3rd quarter. Korea Investment CORP now owns 133,605 shares of the transportation company’s stock worth $17,926,000 after acquiring an additional 62,845 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $287.89 on Tuesday. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $293.54. The company’s 50 day simple moving average is $264.32 and its 200 day simple moving average is $230.05. The company has a market capitalization of $27.15 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 2.09 and a beta of 1.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. J.B. Hunt Transport Services’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.86%.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 4,000 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 8,696 shares in the company, 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 filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the sale, the executive vice president directly owned 790 shares in the company, valued at approximately $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 18,119 shares of company stock valued at $4,736,095. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

JBHT has been the subject of several research analyst reports. Morgan Stanley raised their price objective on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. TD Cowen boosted their target price on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” 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 report on Monday, May 11th. Stifel Nicolaus lifted their price target on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, April 2nd. Finally, Truist Financial boosted their price objective on shares of 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 investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.87.

J.B. Hunt Transport Services Profile

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.