Disciplined Investments LLC lowered its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) by 8.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 36,901 shares of the transportation company’s stock after selling 3,477 shares during the quarter. J.B. Hunt Transport Services comprises 2.8% of Disciplined Investments LLC’s portfolio, making the stock its 11th largest holding. Disciplined Investments LLC’s holdings in J.B. Hunt Transport Services were worth $7,171,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in JBHT. Root Financial Partners LLC bought a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $25,000. Parkside Financial Bank & Trust lifted its holdings in shares of J.B. Hunt Transport Services by 41.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock worth $30,000 after acquiring an additional 66 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 52.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after acquiring an additional 76 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $31,000. Finally, Sentry Investment Management LLC bought a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $32,000. Institutional investors own 74.95% of the company’s stock.
J.B. Hunt Transport Services Trading Up 3.0%
JBHT stock opened at $262.21 on Friday. The company has a market capitalization of $24.73 billion, a PE ratio of 40.59, a P/E/G ratio of 1.95 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $263.24. The firm’s 50-day moving average is $226.22 and its 200 day moving average is $207.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.
J.B. Hunt Transport Services Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.86%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Barclays raised their target price on shares of J.B. Hunt Transport Services from $200.00 to $235.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. UBS Group raised their target price on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Susquehanna raised their target price on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the stock a “positive” rating in a report on Wednesday, April 22nd. Morgan Stanley raised their target price on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Finally, Robert W. Baird raised 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 report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $228.17.
Get Our Latest Stock Report on J.B. Hunt Transport Services
Insider Activity at J.B. Hunt Transport Services
In related news, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the transaction, the executive vice president owned 8,696 shares of the company’s stock, valued at $2,213,045.04. This trade represents a 31.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Nicholas Hobbs sold 1,272 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total transaction of $318,954.00. Following the completion of the transaction, the chief operating officer directly owned 91,736 shares in the company, valued at $23,002,802. This represents a 1.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 8,510 shares of company stock worth $2,110,410. 2.50% of the stock is currently owned by corporate insiders.
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.
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