Trust Investment Advisors Has $381,000 Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Trust Investment Advisors lessened its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 60.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,961 shares of the transportation company’s stock after selling 2,936 shares during the period. Trust Investment Advisors’ holdings in J.B. Hunt Transport Services were worth $381,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of J.B. Hunt Transport Services by 74.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock worth $2,314,000 after buying an additional 6,668 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in J.B. Hunt Transport Services by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after acquiring an additional 13,729 shares in the last quarter. Empowered Funds LLC boosted its position in J.B. Hunt Transport Services by 27.8% during the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after acquiring an additional 385 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $539,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of J.B. Hunt Transport Services by 21.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock worth $84,000 after acquiring an additional 101 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the subject of several recent research reports. Vertical Research cut shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 target price for the company. in a report on Thursday, January 8th. Wolfe Research reissued an “outperform” rating and set a $214.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, January 8th. Barclays increased their price objective on shares of J.B. Hunt Transport Services from $150.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Truist Financial raised their price objective on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, January 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of J.B. Hunt Transport Services in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.45.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $214.91 on Friday. The firm has a market capitalization of $20.33 billion, a P/E ratio of 35.00, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $215.66 and its two-hundred day moving average price is $188.49. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $236.00.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the previous year, the business earned $1.53 EPS. J.B. Hunt Transport Services’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, February 6th. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. J.B. Hunt Transport Services’s dividend payout ratio is presently 29.32%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, SVP Jennifer Boattini sold 2,238 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 27th. The shares were sold at an average price of $232.00, for a total transaction of $519,216.00. Following the completion of the transaction, the senior vice president directly owned 16,650 shares of the company’s stock, valued at $3,862,800. The trade was a 11.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ronald Greer Woodruff sold 331 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.57, for a total transaction of $74,663.67. Following the completion of the transaction, the executive vice president owned 4,019 shares in the company, valued at approximately $906,565.83. This represents a 7.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,945 shares of company stock worth $5,656,495 in the last quarter. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Company 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.