Truist Financial Corp Has $2.21 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Truist Financial Corp decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,931 shares of the transportation company's stock after selling 1,715 shares during the quarter. Truist Financial Corp's holdings in J.B. Hunt Transport Services were worth $2,207,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in JBHT. Catalyst Capital Advisors LLC bought a new position in J.B. Hunt Transport Services in the third quarter worth about $26,000. True Wealth Design LLC raised its stake in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of J.B. Hunt Transport Services by 102.2% in the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock worth $48,000 after acquiring an additional 142 shares during the period. Huntington National Bank lifted its position in J.B. Hunt Transport Services by 21.8% in 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 during the period. Finally, Brooklyn Investment Group bought a new position in J.B. Hunt Transport Services during the third quarter valued at about $60,000. Institutional investors and hedge funds own 74.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on JBHT shares. Barclays upped their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Stifel Nicolaus cut their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating for the company in a report on Wednesday, January 15th. Stephens reissued an "overweight" rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Raymond James decreased their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "outperform" rating for the company in a research report on Tuesday, January 21st. Finally, Evercore ISI lowered their price target 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. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $191.11.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was 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 in the company, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the business'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 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 disclosure for this sale can be found here. Over the last three months, insiders sold 10,545 shares of company stock valued at $1,898,942. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT traded up $2.29 on Friday, reaching $161.19. The company's stock had a trading volume of 657,519 shares, compared to its average volume of 938,857. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $171.22 and a 200 day moving average price of $174.77. The firm has a market cap of $16.12 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.61 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $208.69.

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 the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates 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 firm's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 EPS. Sell-side analysts expect 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 announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change 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 dividend yield of 1.09%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 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.