Handelsbanken Fonder AB Grows Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Handelsbanken Fonder AB lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,872 shares of the transportation company’s stock after purchasing an additional 4,894 shares during the quarter. Handelsbanken Fonder AB owned 0.07% of J.B. Hunt Transport Services worth $11,412,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. True Wealth Design LLC lifted its position in 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 during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter valued at $26,000. Cromwell Holdings LLC raised its position in shares of J.B. Hunt Transport Services by 47.2% during the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after buying an additional 76 shares in the last quarter. Versant Capital Management Inc grew its position in J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares in the last quarter. Finally, Huntington National Bank grew 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 acquiring an additional 61 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Trading Down 0.5 %

JBHT opened at $167.71 on Friday. The firm has a market capitalization of $16.91 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 1.61 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $214.39. The business has a 50 day simple moving average of $172.42 and a two-hundred day simple moving average of $174.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 EPS. Analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced 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 was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. J.B. Hunt Transport Services’s payout ratio is presently 31.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Raymond James dropped their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, January 21st. Citigroup dropped 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 report on Friday, January 17th. TD Cowen cut their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Barclays lifted their price target on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Evercore ISI cut their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $191.11.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Eric Mcgee sold 145 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 700 shares in the company, valued at $127,904. This trade represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,545 shares of company stock worth $1,898,942 over the last 90 days. 2.10% of the stock is owned by company insiders.

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.