Barrow Hanley Mewhinney & Strauss LLC Has $279.43 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,637,336 shares of the transportation company's stock after selling 18,625 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 1.62% of J.B. Hunt Transport Services worth $279,428,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBHT. Signaturefd LLC raised its stake in shares of J.B. Hunt Transport Services by 8.0% in the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock valued at $140,000 after purchasing an additional 61 shares during the period. Blue Trust Inc. grew its holdings in shares of J.B. Hunt Transport Services by 18.6% during the fourth quarter. Blue Trust Inc. now owns 535 shares of the transportation company's stock worth $92,000 after buying an additional 84 shares in the last quarter. Smartleaf Asset Management LLC raised its position in 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 buying an additional 86 shares during the last quarter. Wahed Invest LLC lifted its stake in J.B. Hunt Transport Services by 4.6% in the 4th quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock valued at $355,000 after acquiring an additional 91 shares in the last quarter. Finally, Man Group plc lifted its stake in J.B. Hunt Transport Services by 0.9% in the 4th quarter. Man Group plc now owns 11,165 shares of the transportation company's stock valued at $1,905,000 after acquiring an additional 98 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. This trade represents a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Nicholas Hobbs acquired 1,529 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the purchase, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of recent research reports. TD Cowen lowered their price objective on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th. UBS Group decreased 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. Truist Financial lowered their price target on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Barclays cut their price target on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Finally, Stifel Nicolaus set a $150.00 target price on J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and a consensus price target of $162.00.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT traded down $0.14 during mid-day trading on Wednesday, reaching $139.86. 178,412 shares of the company were exchanged, compared to its average volume of 984,751. The stock has a market capitalization of $13.87 billion, a P/E ratio of 25.15, a P/E/G ratio of 1.61 and a beta of 1.33. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company's 50-day simple moving average is $138.33 and its 200-day simple moving average is $160.66. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

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

About J.B. Hunt Transport Services

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.