Trillium Asset Management LLC Reduces Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Trillium Asset Management LLC decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 166,622 shares of the transportation company's stock after selling 3,515 shares during the period. Trillium Asset Management LLC owned about 0.17% of J.B. Hunt Transport Services worth $28,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBHT. Studio Investment Management LLC increased its stake in shares of J.B. Hunt Transport Services by 5.4% during the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company's stock worth $184,000 after purchasing an additional 55 shares in the last quarter. iA Global Asset Management Inc. increased its stake in shares of J.B. Hunt Transport Services by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company's stock worth $368,000 after purchasing an additional 55 shares in the last quarter. Huntington National Bank increased its stake in shares of J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company's stock worth $59,000 after purchasing an additional 61 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of J.B. Hunt Transport Services by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company's stock worth $878,000 after purchasing an additional 61 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of J.B. Hunt Transport Services by 8.0% during the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock worth $140,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

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Insider Buying and Selling

In related news, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now directly owns 23,559 shares of the company's stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Trading Up 0.7 %

Shares of J.B. Hunt Transport Services stock traded up $1.06 on Friday, reaching $148.55. The company had a trading volume of 1,121,563 shares, compared to its average volume of 875,594. The firm's 50 day moving average price is $165.39 and its two-hundred day moving average price is $172.81. The firm has a market cap of $14.86 billion, a PE ratio of 26.72, a PEG ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 52-week low of $144.34 and a 52-week high of $200.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly 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). The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services's revenue was down 4.5% on a year-over-year basis. During the same period last year, the firm posted $1.47 earnings per share. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.44 per share. 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 yield of 1.18%. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services's dividend payout ratio is presently 31.65%.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 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. Raymond James lowered their price target on shares of 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. Stephens restated an "overweight" rating and set a $205.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Finally, Wells Fargo & Company lowered their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $186.80.

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.