Xponance Inc. Sells 4,245 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Xponance Inc. reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 14.9% during the fourth quarter, Holdings Channel reports. The fund owned 24,239 shares of the transportation company’s stock after selling 4,245 shares during the period. Xponance Inc.’s holdings in J.B. Hunt Transport Services were worth $4,137,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Studio Investment Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 55 shares during the last quarter. iA Global Asset Management Inc. boosted its position in J.B. Hunt Transport Services by 2.6% during the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company’s stock valued at $368,000 after buying an additional 55 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of J.B. Hunt Transport Services by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock valued at $878,000 after buying an additional 61 shares during the last quarter. Signaturefd LLC increased its holdings in shares of J.B. Hunt Transport Services by 8.0% in the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock worth $140,000 after buying an additional 61 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of J.B. Hunt Transport Services by 18.6% in the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company’s stock valued at $92,000 after acquiring an additional 84 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Trading Up 0.3 %

NASDAQ:JBHT opened at $147.49 on Friday. The firm has a market capitalization of $14.75 billion, a P/E ratio of 26.53, a PEG ratio of 1.61 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a one year low of $144.90 and a one year high of $200.40. The company’s 50-day simple moving average is $165.91 and its 200 day simple moving average is $172.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.44 per share. The ex-dividend date was Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.19%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.65%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares of the company’s stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

JBHT has been the topic of several recent research reports. Wells Fargo & Company reduced their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a “hold” rating and a $167.00 target price on the stock. Raymond James dropped their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. TD Cowen lowered their price objective on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Finally, Truist Financial began coverage on shares of J.B. Hunt Transport Services in a report on Thursday, March 13th. They set a “hold” rating and a $165.00 target price for the company. Eight 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 stock currently has an average rating of “Moderate Buy” and an average target price of $186.80.

J.B. Hunt Transport Services Profile

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.