Trillium Asset Management LLC Reduces Position in J.B. Hunt Transport Services, Inc. $JBHT

Trillium Asset Management LLC reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,758 shares of the transportation company’s stock after selling 15,897 shares during the quarter. Trillium Asset Management LLC’s holdings in J.B. Hunt Transport Services were worth $24,592,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of JBHT. Root Financial Partners LLC increased its holdings in shares of J.B. Hunt Transport Services by 25.4% during the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after buying an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after buying an additional 48 shares during the last quarter. Hartford Funds Management Co LLC increased its holdings in shares of J.B. Hunt Transport Services by 1.2% during the 4th quarter. Hartford Funds Management Co LLC now owns 4,189 shares of the transportation company’s stock worth $814,000 after buying an additional 49 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after buying an additional 50 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of J.B. Hunt Transport Services by 6.7% during the 4th quarter. Huntington National Bank now owns 798 shares of the transportation company’s stock worth $155,000 after buying an additional 50 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the sale, the executive vice president directly owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the sale, the executive vice president directly owned 8,696 shares of the company’s stock, valued at approximately $2,213,045.04. This trade represents a 31.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 18,119 shares of company stock worth $4,736,095. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays raised their price target 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. Benchmark raised their price target on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Susquehanna lifted their target price on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the company a “positive” rating in a report on Wednesday, April 22nd. Stifel Nicolaus lifted their target price on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, April 2nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $240.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $233.83.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock opened at $289.36 on Friday. The stock has a market cap of $27.29 billion, a P/E ratio of 44.79, a price-to-earnings-growth ratio of 2.15 and a beta of 1.30. The company has a fifty day simple moving average of $253.00 and a 200-day simple moving average of $222.43. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $293.54. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is 27.86%.

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.