State of Alaska Department of Revenue Trims Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

State of Alaska Department of Revenue lessened its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 37.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,083 shares of the transportation company's stock after selling 5,544 shares during the quarter. State of Alaska Department of Revenue's holdings in J.B. Hunt Transport Services were worth $1,550,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in J.B. Hunt Transport Services by 25.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,258 shares of the transportation company's stock valued at $1,590,000 after purchasing an additional 1,893 shares in the last quarter. Tempus Wealth Planning LLC increased its stake in J.B. Hunt Transport Services by 4.5% during the 4th quarter. Tempus Wealth Planning LLC now owns 6,510 shares of the transportation company's stock valued at $1,111,000 after purchasing an additional 281 shares in the last quarter. abrdn plc increased its stake in J.B. Hunt Transport Services by 21.0% during the 4th quarter. abrdn plc now owns 33,510 shares of the transportation company's stock valued at $5,735,000 after purchasing an additional 5,807 shares in the last quarter. Jennison Associates LLC increased its stake in J.B. Hunt Transport Services by 14.1% during the 4th quarter. Jennison Associates LLC now owns 181,550 shares of the transportation company's stock valued at $30,983,000 after purchasing an additional 22,451 shares in the last quarter. Finally, New Wave Wealth Advisors LLC increased its stake in J.B. Hunt Transport Services by 4.0% during the 4th quarter. New Wave Wealth Advisors LLC now owns 14,729 shares of the transportation company's stock valued at $2,514,000 after purchasing an additional 566 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the business'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 transaction, the director now owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the sale, the executive vice president now directly owns 700 shares of the company's stock, valued at $127,904. This trade represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have 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

NASDAQ:JBHT traded up $4.52 during trading hours on Friday, reaching $169.98. 860,355 shares of the company were exchanged, compared to its average volume of 1,068,492. 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 stock's 50-day moving average is $173.58 and its 200-day moving average is $174.73. The firm has a market cap of $17.14 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.09). The company 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%. The business's revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.47 earnings per share. On average, sell-side analysts anticipate 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 firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.44 dividend. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Friday, February 7th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 30.94%.

Wall Street Analyst Weigh In

Several research firms have recently commented on JBHT. Barclays upped their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Wells Fargo & Company dropped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Susquehanna raised shares of J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price objective on the stock in a report on Friday, January 3rd. Benchmark reaffirmed a "buy" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Finally, Stifel Nicolaus dropped their price objective 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. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $191.11.

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.