J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 22.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,020 shares of the transportation company’s stock after selling 3,136 shares during the quarter. Tounjian Advisory Partners LLC’s holdings in J.B. Hunt Transport Services were worth $1,478,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings in J.B. Hunt Transport Services by 41.5% during the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after purchasing an additional 66 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in J.B. Hunt Transport Services by 52.2% in the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 71 shares in the last quarter. Hantz Financial Services Inc. increased its position in J.B. Hunt Transport Services by 52.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after purchasing an additional 76 shares during the period. Huntington National Bank raised its stake in shares of J.B. Hunt Transport Services by 12.3% during the 3rd quarter. Huntington National Bank now owns 748 shares of the transportation company’s stock worth $100,000 after buying an additional 82 shares in the last quarter. Finally, Forsta AP Fonden lifted its holdings in shares of J.B. Hunt Transport Services by 0.7% in the 2nd quarter. Forsta AP Fonden now owns 14,600 shares of the transportation company’s stock valued at $2,097,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

JBHT has been the subject of several research analyst reports. Truist Financial increased their price objective on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, January 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of J.B. Hunt Transport Services in a report on Monday, December 29th. Robert W. Baird raised their price objective on shares of J.B. Hunt Transport Services from $173.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, January 5th. The Goldman Sachs Group upped 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. Finally, UBS Group lifted their price target on shares of J.B. Hunt Transport Services from $174.00 to $196.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.00.

Insider Activity

In other J.B. Hunt Transport Services news, CFO Albert Brad Delco sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $227.25, for a total value of $227,250.00. Following the completion of the sale, the chief financial officer directly owned 6,983 shares of the company’s stock, valued at approximately $1,586,886.75. The trade was a 12.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 9,000 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $219.76, for a total value of $1,977,840.00. Following the sale, the executive vice president owned 10,736 shares in the company, valued at $2,359,343.36. This trade represents a 45.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,316 shares of company stock valued at $6,727,749 in the last 90 days. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $233.41 on Friday. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $234.82. The stock has a market cap of $22.08 billion, a PE ratio of 38.01, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. The business’s fifty day moving average price is $211.37 and its two-hundred day moving average price is $176.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the business posted $1.53 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, February 6th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services’s payout ratio is currently 29.32%.

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.