J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Arvest Bank Trust Division

Arvest Bank Trust Division decreased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,659 shares of the transportation company’s stock after selling 1,500 shares during the period. Arvest Bank Trust Division’s holdings in J.B. Hunt Transport Services were worth $1,307,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in shares of J.B. Hunt Transport Services by 5.1% during the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock worth $362,554,000 after acquiring an additional 104,019 shares in the last quarter. Geode Capital Management LLC raised its position in J.B. Hunt Transport Services by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock worth $340,049,000 after acquiring an additional 8,968 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of J.B. Hunt Transport Services by 428.4% in the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock valued at $215,610,000 after purchasing an additional 1,024,295 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of J.B. Hunt Transport Services by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock worth $163,237,000 after purchasing an additional 503,324 shares during the last quarter. Finally, Norges Bank acquired a new stake in J.B. Hunt Transport Services during the 4th quarter valued at $146,618,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on JBHT shares. Barclays dropped their price objective on J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. Wells Fargo & Company reduced their price target on J.B. Hunt Transport Services from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America reduced their target price on J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Citigroup decreased their target price on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They set a “hold” rating and a $167.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.90.

J.B. Hunt Transport Services Trading Down 7.7 %

Shares of JBHT opened at $124.73 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The stock has a 50-day moving average price of $152.14 and a 200 day moving average price of $168.65. The company has a market capitalization of $12.47 billion, a P/E ratio of 22.43, a P/E/G ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.02. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.44 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.41%. 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 31.94%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% 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.