Natixis Advisors LLC Sells 5,450 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Natixis Advisors LLC decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,154 shares of the transportation company's stock after selling 5,450 shares during the quarter. Natixis Advisors LLC's holdings in J.B. Hunt Transport Services were worth $3,610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Janus Henderson Group PLC raised its holdings in J.B. Hunt Transport Services by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company's stock worth $581,567,000 after acquiring an additional 22,563 shares during the period. State Street Corp increased its stake in shares of J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock worth $566,944,000 after purchasing an additional 19,826 shares during the period. Parnassus Investments LLC lifted its position in shares of J.B. Hunt Transport Services by 4.9% during the 4th quarter. Parnassus Investments LLC now owns 790,038 shares of the transportation company's stock worth $134,828,000 after purchasing an additional 37,033 shares during the last quarter. Stifel Financial Corp boosted its stake in J.B. Hunt Transport Services by 1.4% during the 3rd quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company's stock valued at $110,524,000 after purchasing an additional 8,997 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in J.B. Hunt Transport Services by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 576,159 shares of the transportation company's stock valued at $98,327,000 after buying an additional 22,461 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded down $2.07 during mid-day trading on Tuesday, hitting $149.95. 972,123 shares of the stock were exchanged, compared to its average volume of 876,381. J.B. Hunt Transport Services, Inc. has a twelve month low of $144.34 and a twelve month high of $200.40. The stock's fifty day simple moving average is $164.22 and its two-hundred day simple moving average is $172.56. 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 has a market cap of $15.00 billion, a P/E ratio of 26.97, a PEG ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company's revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 EPS. As a group, analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.44 per share. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.17%. J.B. Hunt Transport Services's dividend payout ratio is 31.65%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America cut their price target on J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating for the company in a report on Monday, March 17th. Wells Fargo & Company cut their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Susquehanna upgraded shares of J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price target on the stock in a research report on Friday, January 3rd. Citigroup reduced their target price on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Finally, Truist Financial started coverage on J.B. Hunt Transport Services in a report on Thursday, March 13th. They set a "hold" rating and a $165.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.80.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the company'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. This represents a 15.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction 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 completion of the sale, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company's stock.

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.