Jacobson & Schmitt Advisors LLC Increases Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Jacobson & Schmitt Advisors LLC boosted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,051 shares of the transportation company's stock after acquiring an additional 3,274 shares during the quarter. J.B. Hunt Transport Services accounts for approximately 2.5% of Jacobson & Schmitt Advisors LLC's holdings, making the stock its 19th largest position. Jacobson & Schmitt Advisors LLC owned approximately 0.07% of J.B. Hunt Transport Services worth $12,808,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in JBHT. Janus Henderson Group PLC lifted its holdings in shares of J.B. Hunt Transport Services by 0.7% during the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company's stock valued at $581,567,000 after purchasing an additional 22,563 shares in the last quarter. State Street Corp lifted its stake in J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after acquiring an additional 19,826 shares during the period. Parnassus Investments LLC lifted its stake in J.B. Hunt Transport Services by 14.1% during the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock valued at $129,765,000 after acquiring an additional 93,213 shares during the period. Stifel Financial Corp boosted its holdings in shares of J.B. Hunt Transport Services by 1.4% during the 3rd quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company's stock valued at $110,524,000 after acquiring an additional 8,997 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of J.B. Hunt Transport Services by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock worth $95,419,000 after acquiring an additional 12,040 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now directly owns 82,264 shares of the company's stock, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction that occurred on 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 owns 23,559 shares of the company's stock, valued at $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. Over the last quarter, insiders sold 10,545 shares of company stock worth $1,898,942. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Price Performance

JBHT stock traded down $1.55 during trading on Friday, reaching $166.99. The company's stock had a trading volume of 830,891 shares, compared to its average volume of 942,307. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company's fifty day moving average is $172.66 and its 200-day moving average is $174.74. The company has a market capitalization of $16.84 billion, a P/E ratio of 30.03, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $214.39.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). 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 $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the business posted $1.47 EPS. The firm's revenue for the quarter was down 4.5% compared to the same quarter last year. On average, research 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 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 issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, February 7th. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's payout ratio is 31.65%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on JBHT shares. Stifel Nicolaus dropped their target price on shares of 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. Benchmark restated a "buy" rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Wells Fargo & Company reduced their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, TD Cowen cut their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating for the company in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and an average price target of $191.11.

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.