Trust Investment Advisors Has $784,000 Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Trust Investment Advisors cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,593 shares of the transportation company’s stock after selling 179 shares during the quarter. Trust Investment Advisors’ holdings in J.B. Hunt Transport Services were worth $784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. boosted its stake 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 worth $368,000 after buying an additional 55 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of J.B. Hunt Transport Services by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company’s stock valued at $878,000 after acquiring an additional 61 shares in the last quarter. Signaturefd LLC boosted its position in shares of J.B. Hunt Transport Services by 8.0% during the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 61 shares in the last quarter. Blue Trust Inc. increased its stake in J.B. Hunt Transport Services by 18.6% in the fourth 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 period. Finally, Smartleaf Asset Management LLC raised its position in J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after purchasing an additional 86 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Truist Financial started coverage on J.B. Hunt Transport Services in a research note on Thursday, March 13th. They set a “hold” rating and a $165.00 price objective for the company. Stifel Nicolaus reduced their target price on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, January 15th. UBS Group dropped their target price on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, TD Cowen reduced their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $186.80.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $149.95 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.61 and a beta of 1.16. The business has a 50 day simple moving average of $164.22 and a 200 day simple moving average of $172.56. J.B. Hunt Transport Services, Inc. has a 52-week low of $144.34 and a 52-week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company earned $1.47 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Analysts anticipate 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s payout ratio is currently 31.65%.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. This represents a 6.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Company 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.