J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 52.4% in the fourth quarter, HoldingsChannel reports. The fund owned 2,557 shares of the transportation company’s stock after selling 2,820 shares during the quarter. Sovereign s Capital Management LLC’s holdings in J.B. Hunt Transport Services were worth $497,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Rothschild Wealth LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $535,000. Sienna Gestion acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $1,769,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 15.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,372 shares of the transportation company’s stock worth $2,210,000 after acquiring an additional 1,481 shares during the period. Verition Fund Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 18.2% in the 4th quarter. Verition Fund Management LLC now owns 34,178 shares of the transportation company’s stock worth $6,642,000 after acquiring an additional 5,255 shares during the period. Finally, MML Investors Services LLC lifted its stake in shares of J.B. Hunt Transport Services by 15.6% in the 4th quarter. MML Investors Services LLC now owns 3,331 shares of the transportation company’s stock worth $647,000 after acquiring an additional 449 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

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

In other news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the sale, the executive vice president owned 15,881 shares in the company, valued at $4,510,362.81. The trade was a 8.63% 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 Darren P. Field sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the sale, the executive vice president owned 8,696 shares in the company, valued at $2,213,045.04. This represents a 31.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 18,119 shares of company stock valued at $4,736,095. Corporate insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Down 1.2%

JBHT stock opened at $279.82 on Wednesday. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $293.54. The firm has a market cap of $26.39 billion, a PE ratio of 43.32, a P/E/G ratio of 2.11 and a beta of 1.30. The firm has a 50 day simple moving average of $255.66 and a 200 day simple moving average of $224.36. 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 (NASDAQ:JBHT) last released its earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the business earned $1.17 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of research analyst reports. Bank of America upped their price target on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Wells Fargo & Company upped their price target on shares of J.B. Hunt Transport Services from $250.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, June 5th. Susquehanna upped their price target on shares of J.B. Hunt Transport Services from $250.00 to $290.00 and gave the stock a “positive” rating in a research note on Wednesday, April 22nd. TD Cowen increased their target price on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $233.83.

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.