Van ECK Associates Corp Cuts Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Van ECK Associates Corp reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,863 shares of the transportation company’s stock after selling 103 shares during the quarter. Van ECK Associates Corp’s holdings in J.B. Hunt Transport Services were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. grew its position in shares of J.B. Hunt Transport Services by 6.5% in the fourth quarter. Mather Group LLC. now owns 2,207 shares of the transportation company’s stock valued at $441,000 after purchasing an additional 134 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $203,000. Truist Financial Corp grew its position in shares of J.B. Hunt Transport Services by 1.7% in the fourth quarter. Truist Financial Corp now owns 16,678 shares of the transportation company’s stock valued at $3,331,000 after purchasing an additional 285 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of J.B. Hunt Transport Services by 9.2% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,227 shares of the transportation company’s stock valued at $445,000 after purchasing an additional 187 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $318,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on JBHT shares. TD Cowen lowered their price target on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Susquehanna decreased their target price on shares of J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 17th. Barclays decreased their target price on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Benchmark restated a “buy” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. Finally, StockNews.com upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $194.24.

Insider Buying and Selling

In other news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now owns 42,411 shares in the company, valued at $9,021,243.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP Kevin Bracy sold 754 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the completion of the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,744,090.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. In the last three months, insiders sold 15,454 shares of company stock valued at $3,283,219. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $168.11 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The company has a market cap of $17.35 billion, a PE ratio of 26.68, a P/E/G ratio of 2.23 and a beta of 1.17. The company’s fifty day simple moving average is $186.80 and its 200-day simple moving average is $190.93. J.B. Hunt Transport Services, Inc. has a 52 week low of $160.07 and a 52 week high of $219.51.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a yield of 1.02%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

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.