J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Position Reduced by Swiss National Bank

Swiss National Bank trimmed its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,500 shares of the transportation company's stock after selling 14,100 shares during the period. Swiss National Bank owned about 0.23% of J.B. Hunt Transport Services worth $39,337,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of JBHT. True Wealth Design LLC grew its holdings in J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock valued at $26,000 after buying an additional 142 shares during the last quarter. National Pension Service acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $30,000. BankPlus Trust Department acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter worth $34,000. Versant Capital Management Inc boosted its holdings in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock worth $48,000 after purchasing an additional 142 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on JBHT shares. Stephens restated an "overweight" rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Raymond James cut their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 21st. Benchmark reaffirmed a "buy" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Evercore ISI cut their target price 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. Finally, 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. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $186.80.

J.B. Hunt Transport Services Stock Performance

JBHT stock traded up $0.45 during midday trading on Thursday, reaching $147.50. The company had a trading volume of 1,081,911 shares, compared to its average volume of 873,197. 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 stock has a 50 day moving average price of $166.52 and a 200 day moving average price of $173.16. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $144.90 and a fifty-two week high of $200.40. The firm has a market capitalization of $14.75 billion, a PE ratio of 26.53, a P/E/G ratio of 1.61 and a beta of 1.16.

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 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 analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm earned $1.47 earnings per share. The business's revenue was down 4.5% on a year-over-year basis. Analysts anticipate 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. Shareholders of record on Friday, February 7th were 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 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services's payout ratio is presently 31.65%.

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

In other news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 sale, 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 Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

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.