Victory Capital Management Inc. Lowers Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Victory Capital Management Inc. decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,115,645 shares of the transportation company's stock after selling 79,249 shares during the quarter. Victory Capital Management Inc. owned about 2.10% of J.B. Hunt Transport Services worth $361,056,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of JBHT. Keybank National Association OH purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $255,000. Disciplined Investments LLC raised its stake in J.B. Hunt Transport Services by 9.0% during the 4th quarter. Disciplined Investments LLC now owns 38,142 shares of the transportation company's stock valued at $6,509,000 after acquiring an additional 3,136 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in J.B. Hunt Transport Services by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 576,159 shares of the transportation company's stock worth $98,327,000 after acquiring an additional 22,461 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of J.B. Hunt Transport Services by 10.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,199 shares of the transportation company's stock valued at $205,000 after purchasing an additional 112 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of J.B. Hunt Transport Services by 39.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,206 shares of the transportation company's stock valued at $206,000 after purchasing an additional 342 shares during the period. Institutional investors and hedge funds own 74.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JBHT. Barclays increased their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. lowered their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Susquehanna raised shares of J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price target for the company in a report on Friday, January 3rd. Wells Fargo & Company lowered their price objective on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Citigroup cut their target price on 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. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock 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 related news, EVP Eric Mcgee sold 145 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now directly owns 700 shares in the company, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares of the company's stock, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock traded up $2.22 during trading on Thursday, hitting $162.26. 741,304 shares of the company were exchanged, compared to its average volume of 851,233. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $204.43. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $170.45 and a 200 day moving average price of $174.59. The stock has a market capitalization of $16.23 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 1.61 and a beta of 1.15.

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 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 analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business's revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. On average, equities analysts expect 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 company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.44 per share. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 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.