J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 8.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,670 shares of the transportation company's stock after selling 3,567 shares during the period. National Bank of Canada FI's holdings in J.B. Hunt Transport Services were worth $6,770,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of JBHT. B. Metzler seel. Sohn & Co. AG boosted its stake in J.B. Hunt Transport Services by 275.9% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 6,431 shares of the transportation company's stock valued at $1,098,000 after buying an additional 4,720 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of J.B. Hunt Transport Services by 12.2% during the 4th quarter. Alliancebernstein L.P. now owns 435,978 shares of the transportation company's stock valued at $74,404,000 after acquiring an additional 47,297 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after acquiring an additional 1,024,295 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 51.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,224 shares of the transportation company's stock valued at $721,000 after purchasing an additional 1,441 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in J.B. Hunt Transport Services by 26.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 100,951 shares of the transportation company's stock worth $17,228,000 after purchasing an additional 20,959 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Transactions at J.B. Hunt Transport Services

In other 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 value of $771,628.00. Following the completion of the transaction, the director now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction dated 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. The trade was a 6.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of recent research reports. Bank of America dropped their price objective on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Benchmark dropped their price target on J.B. Hunt Transport Services from $195.00 to $175.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Raymond James reduced their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday. The Goldman Sachs Group lowered their price objective on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a research note on Thursday. Finally, UBS Group cut their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $177.70.

J.B. Hunt Transport Services Trading Down 1.1 %

NASDAQ:JBHT traded down $1.46 during midday trading on Friday, hitting $132.88. The stock had a trading volume of 1,976,773 shares, compared to its average volume of 938,134. The stock has a 50-day moving average of $154.30 and a 200 day moving average of $169.45. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a one year low of $127.05 and a one year high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 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 firm had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter in the prior year, the business posted $1.47 EPS. The business's quarterly revenue was down 4.5% on a year-over-year basis. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, February 7th. This is a boost 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%.

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.