J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,499 shares of the transportation company's stock after selling 2,670 shares during the quarter. Rhumbline Advisers owned about 0.16% of J.B. Hunt Transport Services worth $27,391,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Paloma Partners Management Co lifted its position in J.B. Hunt Transport Services by 14,254.9% during the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company's stock worth $32,035,000 after acquiring an additional 184,601 shares during the period. Mizuho Securities USA LLC lifted its position in J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company's stock worth $25,297,000 after acquiring an additional 149,815 shares during the period. Assenagon Asset Management S.A. lifted its position in J.B. Hunt Transport Services by 155.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company's stock worth $37,689,000 after acquiring an additional 134,476 shares during the period. Parnassus Investments LLC lifted its position in J.B. Hunt Transport Services by 14.1% during the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock worth $129,765,000 after acquiring an additional 93,213 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in J.B. Hunt Transport Services during the 3rd quarter worth about $15,149,000. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT traded down $2.33 on Friday, hitting $166.22. The company had a trading volume of 670,240 shares, compared to its average volume of 936,753. The company has a market capitalization of $16.76 billion, a PE ratio of 29.87, a PEG ratio of 1.62 and a beta of 1.15. The company's fifty day moving average price is $172.66 and its 200-day moving average price is $174.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $214.39.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the previous year, the company earned $1.47 EPS. J.B. Hunt Transport Services's quarterly revenue was down 4.5% compared to the same quarter last year. As a group, 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. Stockholders of record on Friday, February 7th will be issued a dividend of $0.44 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 1.06%. J.B. Hunt Transport Services's dividend payout ratio is presently 31.65%.

Analysts Set New Price Targets

JBHT has been the subject of a number of research reports. UBS Group lowered their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Citigroup decreased their price objective on J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating for the company in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective 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. TD Cowen decreased their price objective on J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating for the company in a report on Friday, January 17th. Finally, Raymond James decreased their price objective 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. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.11.

Insider Transactions at J.B. Hunt Transport Services

In other news, CEO Shelley Simpson sold 6,000 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction 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. The trade was a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James K. Thompson sold 4,400 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,545 shares of company stock valued at $1,898,942 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

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.