Brown Advisory Inc. Sells 75 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Brown Advisory Inc. decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,310 shares of the transportation company’s stock after selling 75 shares during the period. Brown Advisory Inc.’s holdings in J.B. Hunt Transport Services were worth $1,260,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in J.B. Hunt Transport Services by 184.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after acquiring an additional 1,397,651 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of J.B. Hunt Transport Services by 7,720.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after buying an additional 971,124 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of J.B. Hunt Transport Services by 437.9% in the 3rd quarter. Royal Bank of Canada now owns 244,091 shares of the transportation company’s stock valued at $46,016,000 after buying an additional 198,713 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 24.7% in the 3rd quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company’s stock valued at $167,664,000 after buying an additional 176,027 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of J.B. Hunt Transport Services by 229.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 126,629 shares of the transportation company’s stock valued at $23,872,000 after buying an additional 88,233 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $157.62 on Friday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $155.43 and a fifty-two week high of $219.51. The business has a 50 day moving average price of $177.41 and a two-hundred day moving average price of $190.07. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. The firm has a market cap of $16.27 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.79 and a beta of 1.17.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.48 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 24th. Shareholders of record on Friday, May 10th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Thursday, May 9th. J.B. Hunt Transport Services’s payout ratio is currently 27.30%.

Analyst Ratings Changes

A number of research firms have issued reports on JBHT. Stephens reduced their price target on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Robert W. Baird reduced their price target on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. TD Cowen reduced their price target on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Loop Capital reduced their price target on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Finally, Evercore ISI reduced their price target on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $194.24.

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

In other news, EVP Brian Webb sold 900 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $208.54, for a total value of $187,686.00. Following the sale, the executive vice president now owns 15,032 shares of the company’s stock, valued at approximately $3,134,773.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO John N. Roberts bought 6,200 shares of the stock in a transaction on Friday, April 26th. The shares were purchased at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the purchase, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brian Webb sold 900 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $208.54, for a total value of $187,686.00. Following the completion of the sale, the executive vice president now directly owns 15,032 shares of the company’s stock, valued at approximately $3,134,773.28. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services 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.