J.B. Hunt Transport Services, Inc. $JBHT Holdings Lessened by Horrell Capital Management Inc.

Horrell Capital Management Inc. decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,760 shares of the transportation company’s stock after selling 2,245 shares during the period. J.B. Hunt Transport Services accounts for approximately 3.2% of Horrell Capital Management Inc.’s holdings, making the stock its 9th biggest holding. Horrell Capital Management Inc. owned 0.06% of J.B. Hunt Transport Services worth $7,750,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in JBHT. AE Wealth Management LLC boosted its holdings in shares of J.B. Hunt Transport Services by 3.2% in the 3rd quarter. AE Wealth Management LLC now owns 125,829 shares of the transportation company’s stock worth $16,883,000 after purchasing an additional 3,890 shares during the period. Eldred Rock Partners LLC lifted its position in J.B. Hunt Transport Services by 11.9% in the third quarter. Eldred Rock Partners LLC now owns 88,061 shares of the transportation company’s stock worth $11,815,000 after buying an additional 9,345 shares during the last quarter. Machina Capital S.A.S. purchased a new position in J.B. Hunt Transport Services during the third quarter worth $3,627,000. AdvisorShares Investments LLC purchased a new position in J.B. Hunt Transport Services during the third quarter worth $433,000. Finally, Savant Capital LLC increased its position in J.B. Hunt Transport Services by 145.6% during the third quarter. Savant Capital LLC now owns 21,689 shares of the transportation company’s stock valued at $2,910,000 after acquiring an additional 12,857 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Trading Up 0.8%

JBHT opened at $223.51 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.83 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $206.85 and its two-hundred day moving average is $172.15. The company has a market capitalization of $21.28 billion, a P/E ratio of 36.40, a PEG ratio of 1.80 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $234.82.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. The business 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 return on equity of 16.33% and a net margin of 4.99%.The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.53 EPS. Analysts forecast 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 6th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date is 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 currently 29.32%.

J.B. Hunt Transport Services announced that its board has approved a share repurchase plan on Wednesday, October 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

JBHT has been the subject of several analyst reports. Wells Fargo & Company raised their target price on shares of J.B. Hunt Transport Services from $170.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. The Goldman Sachs Group raised their price objective on shares of J.B. Hunt Transport Services from $169.00 to $187.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. BMO Capital Markets restated an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Friday, January 16th. Susquehanna upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and increased their price target for the stock from $160.00 to $240.00 in a report on Thursday, January 8th. Finally, Sanford C. Bernstein raised their price target on J.B. Hunt Transport Services from $158.00 to $195.00 and gave the stock a “market perform” rating in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average target price of $200.05.

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

In other news, insider Bradley W. Hicks sold 4,028 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total value of $906,823.64. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Nicholas Hobbs sold 3,038 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $201.97, for a total value of $613,584.86. Following the sale, the chief operating officer directly owned 90,318 shares in the company, valued at approximately $18,241,526.46. The trade was a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 32,316 shares of company stock worth $6,727,749. 2.30% of the stock is currently owned by company insiders.

About J.B. Hunt Transport Services

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.