J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,032,408 shares of the transportation company’s stock after selling 86,270 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.08% of J.B. Hunt Transport Services worth $138,522,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of J.B. Hunt Transport Services in the third quarter worth $25,000. Cromwell Holdings LLC lifted its position in shares of J.B. Hunt Transport Services by 52.2% in the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 71 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of J.B. Hunt Transport Services by 41.5% during the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 66 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of J.B. Hunt Transport Services by 52.8% during the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 76 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in J.B. Hunt Transport Services during the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insiders Place Their Bets

In related news, insider Bradley W. Hicks sold 4,028 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $225.13, for a total value of $906,823.64. Following the transaction, the insider owned 30,395 shares in the company, valued at approximately $6,842,826.35. This trade represents a 11.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer Boattini sold 2,238 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $232.00, for a total value of $519,216.00. Following the sale, the senior vice president directly owned 16,650 shares of the company’s stock, valued at approximately $3,862,800. This trade represents a 11.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 25,945 shares of company stock worth $5,656,495. Corporate insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $215.85 on Wednesday. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $236.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.83. The firm has a 50 day moving average price of $215.09 and a 200 day moving average price of $180.79. The company has a market cap of $20.42 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 1.77 and a beta of 1.23.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.10 billion. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. J.B. Hunt Transport Services’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 earnings per share. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were given a $0.45 dividend. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio is 29.32%.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of recent research reports. Benchmark upped their target price on shares of J.B. Hunt Transport Services from $212.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Robert W. Baird lifted their price target on shares of J.B. Hunt Transport Services from $173.00 to $215.00 and gave the stock an “outperform” rating in a report on Monday, January 5th. JPMorgan Chase & Co. boosted their price objective on shares of J.B. Hunt Transport Services from $176.00 to $211.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Morgan Stanley upped their price objective on shares of J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Finally, Wolfe Research restated an “outperform” rating and set a $214.00 target price on shares of J.B. Hunt Transport Services in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $203.00.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.