Victory Capital Management Inc. Has $15.63 Million Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Victory Capital Management Inc. trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 93.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,490 shares of the transportation company’s stock after selling 1,745,885 shares during the period. Victory Capital Management Inc. owned approximately 0.12% of J.B. Hunt Transport Services worth $15,629,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $25,000. Cromwell Holdings LLC raised its position in J.B. Hunt Transport Services by 52.2% during the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 71 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in J.B. Hunt Transport Services by 41.5% during the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after purchasing an additional 66 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in J.B. Hunt Transport Services by 52.8% during the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after purchasing an additional 76 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. 74.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JBHT has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on J.B. Hunt Transport Services from $169.00 to $187.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Morgan Stanley raised their price objective on J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Benchmark lifted their target price on J.B. Hunt Transport Services from $212.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Susquehanna raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and increased their target price for the stock from $160.00 to $240.00 in a report on Thursday, January 8th. Finally, Evercore set a $222.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $203.00.

J.B. Hunt Transport Services Trading Down 0.7%

Shares of JBHT stock opened at $215.85 on Wednesday. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $236.00. The stock’s fifty day simple moving average is $215.09 and its 200 day simple moving average is $180.79. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $20.42 billion, a P/E ratio of 35.15, a P/E/G ratio of 1.77 and a beta of 1.23.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 15th. The transportation company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.81 by $0.09. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.10 billion. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.53 earnings per share. As a group, sell-side analysts predict 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a $0.45 dividend. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 29.32%.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, CFO Albert Brad Delco sold 1,000 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $227.25, for a total value of $227,250.00. Following the completion of the sale, the chief financial officer directly owned 6,983 shares in the company, valued at $1,586,886.75. This represents a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ronald Greer Woodruff sold 331 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $225.57, for a total value of $74,663.67. Following the transaction, the executive vice president directly owned 4,019 shares of the company’s stock, valued at approximately $906,565.83. This represents a 7.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 25,945 shares of company stock worth $5,656,495 over the last quarter. Insiders own 2.30% of the company’s stock.

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.