J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Position Reduced by Trust Investment Advisors

Trust Investment Advisors trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,593 shares of the transportation company’s stock after selling 179 shares during the quarter. Trust Investment Advisors’ holdings in J.B. Hunt Transport Services were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. True Wealth Design LLC grew its position in shares of J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after buying an additional 142 shares during the last quarter. National Pension Service acquired a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at approximately $34,000. Versant Capital Management Inc raised its position in shares of J.B. Hunt Transport Services by 102.2% during the 4th quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after purchasing an additional 142 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after purchasing an additional 134 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JBHT. Raymond James dropped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Benchmark reaffirmed a “buy” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a 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. Stifel Nicolaus cut their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. Finally, Truist Financial started coverage on J.B. Hunt Transport Services in a research note on Thursday, March 13th. They issued a “hold” rating and a $165.00 price target for the company. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.80.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $149.95 on Wednesday. The company has a market capitalization of $15.00 billion, a PE ratio of 26.97, a PEG ratio of 1.61 and a beta of 1.16. 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’s 50 day moving average price is $164.22 and its 200 day moving average price is $172.56. J.B. Hunt Transport Services, Inc. has a 52 week low of $144.34 and a 52 week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly 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). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the firm earned $1.47 earnings per share. The company’s revenue was down 4.5% on a year-over-year basis. Research analysts expect 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid 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 of this dividend was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.17%. J.B. Hunt Transport Services’s dividend payout ratio is 31.65%.

Insider Activity

In related news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the transaction, the director now owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

About J.B. Hunt Transport Services

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.