Cambiar Investors LLC Lowers Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Cambiar Investors LLC decreased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,859 shares of the transportation company's stock after selling 7,804 shares during the quarter. Cambiar Investors LLC owned approximately 0.06% of J.B. Hunt Transport Services worth $10,898,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Cetera Investment Advisers boosted its position in J.B. Hunt Transport Services by 49.1% during the second quarter. Cetera Investment Advisers now owns 12,520 shares of the transportation company's stock worth $2,003,000 after purchasing an additional 4,122 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in J.B. Hunt Transport Services during the second quarter worth approximately $690,000. CWM LLC boosted its position in J.B. Hunt Transport Services by 119.5% during the third quarter. CWM LLC now owns 7,858 shares of the transportation company's stock worth $1,354,000 after purchasing an additional 4,278 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in J.B. Hunt Transport Services by 602.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 583 shares of the transportation company's stock worth $100,000 after purchasing an additional 500 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in J.B. Hunt Transport Services by 5.8% during the third quarter. Gateway Investment Advisers LLC now owns 2,856 shares of the transportation company's stock worth $492,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the firm's stock in a transaction 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the firm's stock in a transaction 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 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 disclosure for this sale can be found here. Insiders sold a total of 10,545 shares of company stock valued at $1,898,942 over the last quarter. 2.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JBHT. Evercore ISI lowered their price target on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus lowered their price target 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. TD Cowen lowered their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating on the stock in a research report on Friday, January 17th. Raymond James reduced their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Finally, Wells Fargo & Company reduced their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.11.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT traded up $4.52 during midday trading on Friday, hitting $169.98. The company had a trading volume of 860,355 shares, compared to its average volume of 944,780. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. 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 stock has a market cap of $17.14 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15. The business's 50-day simple moving average is $173.58 and its 200-day simple moving average is $174.71.

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 the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. J.B. Hunt Transport Services's revenue was down 4.5% compared to the same quarter last year. During the same period last year, the business earned $1.47 EPS. On average, research 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $0.44 per share. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date is Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.04%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.65%.

About J.B. Hunt Transport Services

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.