DAVENPORT & Co LLC Sells 31,112 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

DAVENPORT & Co LLC reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 274,692 shares of the transportation company's stock after selling 31,112 shares during the quarter. DAVENPORT & Co LLC owned about 0.27% of J.B. Hunt Transport Services worth $46,829,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Creative Planning lifted its stake in J.B. Hunt Transport Services by 14.1% in the 2nd quarter. Creative Planning now owns 9,840 shares of the transportation company's stock valued at $1,574,000 after acquiring an additional 1,213 shares in the last quarter. Cetera Investment Advisers lifted its stake in J.B. Hunt Transport Services by 49.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,520 shares of the transportation company's stock valued at $2,003,000 after acquiring an additional 4,122 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $690,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $5,488,000. Finally, Czech National Bank raised its stake in shares of J.B. Hunt Transport Services by 5.6% during the 3rd quarter. Czech National Bank now owns 16,412 shares of the transportation company's stock worth $2,828,000 after purchasing an additional 877 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on JBHT shares. Wells Fargo & Company dropped their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Stephens reaffirmed an "overweight" rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Stifel Nicolaus decreased their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating on the stock in a report on Wednesday, January 15th. TD Cowen decreased 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 report on Friday, January 17th. Finally, Bank of America upped their price objective on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $191.11.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT traded up $0.34 during mid-day trading on Wednesday, hitting $169.31. The stock had a trading volume of 495,332 shares, compared to its average volume of 1,010,724. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The business has a fifty day moving average price of $176.61 and a 200-day moving average price of $174.82. 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 firm has a market cap of $17.07 billion, a P/E ratio of 30.41, a PEG ratio of 1.57 and a beta of 1.15.

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). 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 analysts' expectations of $3.13 billion. During the same quarter in the previous year, the firm earned $1.47 earnings per share. J.B. Hunt Transport Services's quarterly revenue was down 4.5% compared to the same quarter last year. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.62 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, February 7th. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's payout ratio is 30.94%.

Insider Activity

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the company'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 transaction, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the transaction, the chief executive officer now owns 82,264 shares in the company, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,159 shares of company stock valued at $2,205,393. Insiders own 2.10% of the company's stock.

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.