J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Eastern Bank

Eastern Bank decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,532 shares of the transportation company’s stock after selling 335 shares during the period. Eastern Bank’s holdings in J.B. Hunt Transport Services were worth $2,139,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of JBHT. Acadian Asset Management LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at about $248,000. Quest Partners LLC raised its holdings in shares of J.B. Hunt Transport Services by 126,900.0% in the 2nd quarter. Quest Partners LLC now owns 1,270 shares of the transportation company’s stock worth $203,000 after purchasing an additional 1,269 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter valued at approximately $36,000. Choreo LLC bought a new stake in J.B. Hunt Transport Services during the second quarter worth approximately $218,000. Finally, DekaBank Deutsche Girozentrale grew its position in J.B. Hunt Transport Services by 13.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 17,955 shares of the transportation company’s stock worth $2,821,000 after buying an additional 2,060 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

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

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the transaction, the chief executive officer now owns 82,264 shares in the company, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock worth $2,136,277 over the last three months. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Trading Up 2.8 %

Shares of NASDAQ JBHT opened at $179.23 on Tuesday. The stock has a market cap of $18.07 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.86 and a beta of 1.16. The business has a 50 day simple moving average of $180.72 and a 200 day simple moving average of $173.42. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the prior year, the business posted $1.80 EPS. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is 31.27%.

Analysts Set New Price Targets

JBHT has been the subject of several research reports. Loop Capital raised their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Raymond James increased their price target on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday. Stephens restated an “overweight” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Benchmark reiterated a “buy” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Friday. Finally, The Goldman Sachs Group cut their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.11.

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.