Mather Group LLC. Has $191,000 Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mather Group LLC. cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 36.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,117 shares of the transportation company’s stock after selling 649 shares during the quarter. Mather Group LLC.’s holdings in J.B. Hunt Transport Services were worth $191,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Arvest Bank Trust Division acquired a new position in J.B. Hunt Transport Services during the 3rd quarter valued at $1,578,000. Forsta AP Fonden raised its position in shares of J.B. Hunt Transport Services by 28.2% during the third quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock valued at $2,740,000 after buying an additional 3,500 shares during the last quarter. State Street Corp lifted its stake in shares of J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock valued at $566,944,000 after buying an additional 19,826 shares during the period. Charles Schwab Investment Management Inc. grew its position in J.B. Hunt Transport Services by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after buying an additional 12,040 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in J.B. Hunt Transport Services by 2.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock valued at $32,861,000 after acquiring an additional 3,910 shares during the period. 74.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays raised their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Evercore ISI reduced their target price on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. TD Cowen lowered 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 report on Friday, January 17th. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of 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. Six 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.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average target price of $191.11.

Insider Activity

In other news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now owns 700 shares in the company, valued at $127,904. The trade was a 17.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares in the company, valued at $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,545 shares of company stock valued at $1,898,942 over the last 90 days. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Stock Down 0.9 %

Shares of NASDAQ:JBHT opened at $169.03 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market cap of $17.04 billion, a P/E ratio of 30.40, a P/E/G ratio of 1.57 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The company’s 50-day moving average price is $175.79 and its two-hundred day moving average price is $174.74.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the company earned $1.47 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.62 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s payout ratio is presently 30.94%.

J.B. Hunt Transport Services 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.