J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Eldred Rock Partners LLC

Eldred Rock Partners LLC reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 10.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 78,531 shares of the transportation company’s stock after selling 9,530 shares during the quarter. J.B. Hunt Transport Services accounts for 4.0% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 8th largest position. Eldred Rock Partners LLC owned 0.08% of J.B. Hunt Transport Services worth $15,262,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in J.B. Hunt Transport Services by 411.5% during the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after purchasing an additional 1,447,993 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of J.B. Hunt Transport Services by 338.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock valued at $110,434,000 after buying an additional 635,172 shares during the period. Norges Bank acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth about $91,094,000. JPMorgan Chase & Co. boosted its holdings in J.B. Hunt Transport Services by 18.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock valued at $358,510,000 after acquiring an additional 416,167 shares during the period. Finally, Park Presidio Capital LLC boosted its holdings in J.B. Hunt Transport Services by 149.5% during the 2nd quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company’s stock valued at $96,337,000 after acquiring an additional 401,937 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $214.91 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $236.00. The stock has a market capitalization of $20.33 billion, a PE ratio of 35.00, a PEG ratio of 1.75 and a beta of 1.22. 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 stock has a 50-day simple moving average of $215.50 and a 200-day simple moving average of $187.59.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its 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. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, February 6th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 29.32%.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, insider Bradley W. Hicks sold 4,028 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total transaction of $906,823.64. Following the completion of the transaction, the insider owned 30,395 shares in the company, valued at approximately $6,842,826.35. The trade was a 11.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Ronald Greer Woodruff sold 331 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.57, for a total value of $74,663.67. Following the completion of the transaction, the executive vice president directly owned 4,019 shares in the company, valued at $906,565.83. This trade represents a 7.61% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 25,945 shares of company stock worth $5,656,495. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JBHT. Stifel Nicolaus boosted their price target on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday. Vertical Research cut shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a report on Thursday, January 8th. Robert W. Baird upped their target price on shares of J.B. Hunt Transport Services from $173.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of J.B. Hunt Transport Services in a report on Friday, March 27th. Finally, Truist Financial raised their price target on shares of J.B. Hunt Transport Services from $155.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, January 15th. One equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.45.

J.B. Hunt Transport Services 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.