J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 70.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,863 shares of the transportation company's stock after selling 4,541 shares during the period. J. Safra Sarasin Holding AG's holdings in J.B. Hunt Transport Services were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in J.B. Hunt Transport Services by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company's stock worth $878,000 after acquiring an additional 61 shares during the last quarter. Signaturefd LLC increased its position in J.B. Hunt Transport Services by 8.0% in the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock worth $140,000 after purchasing an additional 61 shares during the last quarter. Blue Trust Inc. raised its stake in J.B. Hunt Transport Services by 18.6% during the fourth quarter. Blue Trust Inc. now owns 535 shares of the transportation company's stock valued at $92,000 after purchasing an additional 84 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in J.B. Hunt Transport Services by 33.9% during 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 during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of J.B. Hunt Transport Services by 10.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,199 shares of the transportation company's stock worth $205,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on JBHT. Wells Fargo & Company dropped their price target on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus set a $150.00 target price on J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft began coverage on J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a "hold" rating and a $167.00 price target for the company. Bank of America reduced their target price on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Finally, Barclays dropped their price target on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and a consensus target price of $162.20.

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

In related news, EVP Darren P. Field sold 1,200 shares of the business'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 transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the purchase, the chief operating officer now owns 91,847 shares of the company's stock, valued at $12,008,995.25. The trade was a 1.69 % increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Down 2.4 %

Shares of NASDAQ:JBHT traded down $3.25 on Friday, reaching $129.73. The company had a trading volume of 1,960,357 shares, compared to its average volume of 949,467. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $12.97 billion, a PE ratio of 23.33, a PEG ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The firm's 50 day simple moving average is $146.71 and its 200-day simple moving average is $166.84.

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 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. As a group, analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.36%. J.B. Hunt Transport Services's payout ratio is 31.94%.

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.