Charles Schwab Investment Management Inc. Grows Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Charles Schwab Investment Management Inc. lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 576,159 shares of the transportation company's stock after acquiring an additional 22,461 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.57% of J.B. Hunt Transport Services worth $98,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. True Wealth Design LLC increased its stake in J.B. Hunt Transport Services by 2,028.6% in the third 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 in the last quarter. National Pension Service acquired a new position in J.B. Hunt Transport Services during the 4th quarter valued at about $30,000. BankPlus Trust Department bought a new stake in J.B. Hunt Transport Services during the 4th quarter worth approximately $34,000. Versant Capital Management Inc raised its stake in shares of J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock worth $48,000 after purchasing an additional 142 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after purchasing an additional 86 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

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J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $1.18 during midday trading on Wednesday, reaching $153.00. 72,165 shares of the stock were exchanged, compared to its average volume of 855,641. The firm has a market cap of $15.30 billion, a PE ratio of 27.52, a PEG ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 52 week low of $152.00 and a 52 week high of $202.78. The company's fifty day moving average is $169.55 and its 200-day moving average is $174.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its 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). The business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. J.B. Hunt Transport Services's quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.47 earnings per share. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 1.15%. J.B. Hunt Transport Services's payout ratio is presently 31.65%.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James K. Thompson sold 4,400 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Cowen dropped their price objective on J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company dropped their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus reduced their price objective on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating for the company in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a "hold" rating and a $167.00 target price on the stock. Finally, Stephens restated an "overweight" rating and set a $205.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $189.84.

J.B. Hunt Transport Services Company 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.