NewEdge Advisors LLC Sells 2,545 Shares of J.B. Hunt Transport Services, Inc. $JBHT

NewEdge Advisors LLC trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 49.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,614 shares of the transportation company’s stock after selling 2,545 shares during the quarter. NewEdge Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $554,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of J.B. Hunt Transport Services by 411.5% during the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock valued at $258,457,000 after buying an additional 1,447,993 shares during the period. Norges Bank purchased a new stake in J.B. Hunt Transport Services in the fourth quarter worth about $200,587,000. Bessemer Group Inc. lifted its stake in J.B. Hunt Transport Services by 75,567.4% in the fourth quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock worth $195,580,000 after acquiring an additional 1,005,047 shares during the period. Qube Research & Technologies Ltd grew its holdings in J.B. Hunt Transport Services by 338.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock worth $110,434,000 after acquiring an additional 635,172 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in J.B. Hunt Transport Services by 272.8% during the 4th quarter. Wellington Management Group LLP now owns 747,377 shares of the transportation company’s stock worth $145,245,000 after acquiring an additional 546,880 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $275.45 on Friday. The firm has a market cap of $25.87 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 1.72 and a beta of 1.30. The firm has a 50-day simple moving average of $278.58 and a two-hundred day simple moving average of $251.13. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the business earned $1.31 EPS. The company’s revenue was up 19.4% compared to the same quarter last year. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 703 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the sale, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. This represents a 47.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on JBHT shares. UBS Group raised their target price on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Susquehanna set a $345.00 price objective on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Zacks Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, Truist Financial upped their target price on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services 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.