J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 111.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 956,504 shares of the transportation company's stock after acquiring an additional 503,324 shares during the period. Thrivent Financial for Lutherans owned 0.95% of J.B. Hunt Transport Services worth $163,237,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Studio Investment Management LLC increased its holdings in J.B. Hunt Transport Services by 5.4% in the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company's stock valued at $184,000 after buying an additional 55 shares during the last quarter. iA Global Asset Management Inc. raised its stake in J.B. Hunt Transport Services by 2.6% in the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company's stock valued at $368,000 after buying an additional 55 shares in the last quarter. Empirical Finance LLC raised its stake in J.B. Hunt Transport Services by 2.0% in the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company's stock valued at $492,000 after buying an additional 56 shares in the last quarter. Huntington National Bank raised its stake in J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company's stock valued at $59,000 after buying an additional 61 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in J.B. Hunt Transport Services by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company's stock valued at $878,000 after buying an additional 61 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

JBHT has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Citigroup cut their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft initiated coverage on 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. Stifel Nicolaus cut their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating on the stock in a research report on Wednesday, January 15th. Finally, Benchmark reiterated a "buy" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and a consensus target price of $186.80.

J.B. Hunt Transport Services Price Performance

JBHT stock traded up $1.06 on Friday, reaching $148.55. The company had a trading volume of 1,121,563 shares, compared to its average volume of 874,188. J.B. Hunt Transport Services, Inc. has a 1 year low of $144.34 and a 1 year high of $200.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The company's fifty day moving average is $165.39 and its 200 day moving average is $172.81. The company has a market cap of $14.86 billion, a P/E ratio of 26.72, a PEG ratio of 1.61 and a beta of 1.16.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the previous year, the company posted $1.47 EPS. J.B. Hunt Transport Services's quarterly revenue was down 4.5% compared to the same quarter last year. On average, research analysts forecast 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 business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.44 dividend. 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 1.18%. 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 is presently 31.65%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services 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 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. The trade was a 6.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James K. Thompson sold 4,400 shares of the business's stock in a transaction 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 completion of the transaction, the director now owns 23,559 shares of the company's stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

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.