J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lessened its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,859 shares of the transportation company’s stock after selling 7,804 shares during the quarter. Cambiar Investors LLC owned about 0.06% of J.B. Hunt Transport Services worth $10,898,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JBHT. Cetera Investment Advisers boosted its holdings in shares of J.B. Hunt Transport Services by 49.1% in the 2nd quarter. Cetera Investment Advisers now owns 12,520 shares of the transportation company’s stock valued at $2,003,000 after purchasing an additional 4,122 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $690,000. CWM LLC boosted its holdings in shares of J.B. Hunt Transport Services by 119.5% in the 3rd quarter. CWM LLC now owns 7,858 shares of the transportation company’s stock valued at $1,354,000 after purchasing an additional 4,278 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of J.B. Hunt Transport Services by 602.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 583 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 500 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of J.B. Hunt Transport Services by 5.8% in the 3rd quarter. Gateway Investment Advisers LLC now owns 2,856 shares of the transportation company’s stock valued at $492,000 after purchasing an additional 157 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on JBHT. Raymond James decreased their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Evercore ISI reduced their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a report on Friday, January 17th. BMO Capital Markets reaffirmed an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Wells Fargo & Company dropped their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Barclays lifted their price target on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $191.11.

J.B. Hunt Transport Services Trading Up 0.6 %

J.B. Hunt Transport Services stock opened at $167.10 on Tuesday. 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 50-day moving average price of $174.89 and a two-hundred day moving average price of $174.87. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 1.62 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.47 earnings per share. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.44 dividend. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 30.94%.

Insider Transactions at J.B. Hunt Transport Services

In other news, CEO Shelley Simpson sold 6,000 shares of the business’s 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 sale, the chief executive officer now owns 82,264 shares in the company, valued at $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the business’s 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 sale, the executive vice president now owns 700 shares in the company, valued at $127,904. This represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,545 shares of company stock valued at $1,898,942. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Company 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.