CIBC Private Wealth Group LLC Sells 191 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

CIBC Private Wealth Group LLC lessened its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 27.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 515 shares of the transportation company’s stock after selling 191 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in J.B. Hunt Transport Services were worth $92,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Arvest Bank Trust Division purchased a new position in J.B. Hunt Transport Services in the 3rd quarter valued at approximately $1,578,000. Smartleaf Asset Management LLC grew its position in shares of J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 86 shares in the last quarter. Abound Wealth Management raised its stake in shares of J.B. Hunt Transport Services by 145,850.0% during the 4th quarter. Abound Wealth Management now owns 2,919 shares of the transportation company’s stock valued at $498,000 after purchasing an additional 2,917 shares during the period. LPL Financial LLC lifted its holdings in J.B. Hunt Transport Services by 56.7% during the 4th quarter. LPL Financial LLC now owns 69,200 shares of the transportation company’s stock worth $11,810,000 after purchasing an additional 25,034 shares in the last quarter. Finally, Keybank National Association OH bought a new position in J.B. Hunt Transport Services in the 4th quarter worth about $255,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, 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 owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares of the company’s stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on JBHT shares. UBS Group lowered their price target on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a “hold” rating and a $167.00 price target for the company. Raymond James lowered their price objective on 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. Bank of America reduced their target price on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Finally, Truist Financial assumed coverage on J.B. Hunt Transport Services in a report on Thursday, March 13th. They issued a “hold” rating and a $165.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $180.10.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $129.46 on Wednesday. The company’s fifty day simple moving average is $156.91 and its two-hundred day simple moving average is $170.39. J.B. Hunt Transport Services, Inc. has a 12-month low of $127.35 and a 12-month high of $200.40. The firm has a market cap of $12.95 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.47 earnings per share. As a group, equities 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. Investors of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio 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.