Barrow Hanley Mewhinney & Strauss LLC Sells 18,625 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,637,336 shares of the transportation company's stock after selling 18,625 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.62% of J.B. Hunt Transport Services worth $279,428,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. National Pension Service acquired a new stake in J.B. Hunt Transport Services during the fourth quarter valued at approximately $30,000. BankPlus Trust Department purchased a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 68.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after acquiring an additional 134 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after acquiring an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 140.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock valued at $62,000 after acquiring an additional 212 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT traded up $2.58 during midday trading on Tuesday, reaching $140.00. The stock had a trading volume of 830,898 shares, compared to its average volume of 1,190,523. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The firm's fifty day simple moving average is $138.48 and its 200-day simple moving average is $160.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The stock has a market capitalization of $13.89 billion, a P/E ratio of 25.18, a PEG ratio of 1.61 and a beta of 1.33.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

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

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. This represents a 6.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Nicholas Hobbs purchased 1,529 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, April 23rd. The stock was bought at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the acquisition, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

JBHT has been the subject of several research analyst reports. Raymond James reduced their price target on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Bank of America upped their price target on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a "buy" rating in a research report on Friday, May 16th. UBS Group cut their target price on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. TD Cowen cut their target price on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Finally, Truist Financial cut their target price on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average target price of $162.00.

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.