J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Northern Trust Corp

Northern Trust Corp lowered its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 825,972 shares of the transportation company’s stock after selling 52,659 shares during the quarter. Northern Trust Corp owned about 0.80% of J.B. Hunt Transport Services worth $164,980,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. VisionPoint Advisory Group LLC grew its stake in shares of J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after buying an additional 87 shares in the last quarter. Operose Advisors LLC purchased a new position in J.B. Hunt Transport Services in the third quarter valued at about $34,000. Cary Street Partners Investment Advisory LLC boosted its holdings in J.B. Hunt Transport Services by 505.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 258 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in J.B. Hunt Transport Services by 26.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 62 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in J.B. Hunt Transport Services by 75.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 350 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CEO John N. Roberts bought 6,200 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the transaction, the chief executive officer now directly owns 313,955 shares in the company, valued at $50,565,592.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on JBHT. Robert W. Baird reduced their price target on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Benchmark reissued a “buy” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Susquehanna reduced their price target on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Wednesday, April 17th. Wells Fargo & Company began coverage on J.B. Hunt Transport Services in a report on Friday. They issued an “overweight” rating and a $185.00 price target for the company. Finally, Stifel Nicolaus reduced their price target on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Read Our Latest Stock Analysis on JBHT

J.B. Hunt Transport Services Trading Up 1.3 %

Shares of NASDAQ JBHT opened at $162.01 on Tuesday. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 1.82 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 12-month low of $154.10 and a 12-month high of $219.51. 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 stock’s 50 day simple moving average is $169.45 and its 200 day simple moving average is $188.81.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.31). The company had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $3.12 billion. J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.48 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

About J.B. Hunt Transport Services

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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