Envestnet Asset Management Inc. Lowers Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Envestnet Asset Management Inc. cut its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,334 shares of the transportation company's stock after selling 40,761 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of J.B. Hunt Transport Services worth $13,881,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of JBHT. National Pension Service purchased a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth approximately $30,000. BankPlus Trust Department purchased a new position in J.B. Hunt Transport Services during the 4th quarter worth $34,000. Versant Capital Management Inc lifted its stake in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock worth $48,000 after acquiring an additional 142 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after acquiring an additional 134 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted 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 acquiring an additional 86 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on JBHT shares. Truist Financial reduced their price objective on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. reduced their price target on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft initiated coverage on J.B. Hunt Transport Services in a report on Friday, March 7th. They set a "hold" rating and a $167.00 price objective on the stock. Wells Fargo & Company reduced their target price on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Stephens lowered their price target on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and a consensus price target of $162.20.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded up $1.40 during trading on Tuesday, reaching $128.52. The company had a trading volume of 1,467,253 shares, compared to its average volume of 941,935. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The stock has a 50-day moving average price of $149.13 and a two-hundred day moving average price of $167.55. The stock has a market capitalization of $12.85 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors 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 represents a $1.76 dividend on an annualized basis and a yield of 1.37%. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

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.