J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Bokf Na

Bokf Na lowered its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 42.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,214 shares of the transportation company’s stock after selling 13,631 shares during the quarter. Bokf Na’s holdings in J.B. Hunt Transport Services were worth $3,540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC increased its position 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 last quarter. Machina Capital S.A.S. bought a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $3,627,000. AdvisorShares Investments LLC bought a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $433,000. Krilogy Financial LLC bought a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $1,003,000. Finally, Savant Capital LLC increased its position in shares of J.B. Hunt Transport Services by 145.6% in the 3rd quarter. Savant Capital LLC now owns 21,689 shares of the transportation company’s stock worth $2,910,000 after purchasing an additional 12,857 shares during the last quarter. Institutional investors 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, Director James K. Thompson sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $254.28, for a total transaction of $254,280.00. Following the transaction, the director owned 19,559 shares of the company’s stock, valued at approximately $4,973,462.52. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Nicholas Hobbs sold 1,272 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total transaction of $318,954.00. Following the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at approximately $23,002,802. This trade represents a 1.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,510 shares of company stock valued at $1,092,450. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Down 1.6%

J.B. Hunt Transport Services stock opened at $242.19 on Friday. The stock has a market cap of $22.84 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 1.83 and a beta of 1.28. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $224.25 and its two-hundred day moving average price is $204.34. J.B. Hunt Transport Services, Inc. has a 52 week low of $130.12 and a 52 week high of $256.18.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. J.B. Hunt Transport Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.86%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JBHT. The Goldman Sachs Group boosted their target price on shares of J.B. Hunt Transport Services from $169.00 to $187.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Robert W. Baird boosted their target price on shares of J.B. Hunt Transport Services from $215.00 to $236.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. TD Cowen boosted their target price on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. BMO Capital Markets boosted their target price on shares of J.B. Hunt Transport Services from $245.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Finally, Benchmark lifted their price target on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the company a “buy” rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average price target of $227.04.

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.