Bokf Na Trims Stake in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Bokf Na reduced its stake in J.B. Hunt by 42.8%, selling 13,631 shares and leaving 18,214 shares valued at $3.54M.
• Company insiders sold 4,510 shares worth $1,092,450 in the last quarter (including SVP Jennifer Boattini and COO Nicholas Hobbs), with insiders now owning 2.5% of the stock.
• J.B. Hunt beat quarterly estimates with EPS $1.49 vs $1.45 and revenue of $3.06B, and announced a quarterly dividend of $0.45 (ex-dividend May 8; annualized $1.80, yield 0.7%).

Bokf Na lowered its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 42.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,214 shares of the transportation company's stock after selling 13,631 shares during the quarter. Bokf Na's holdings in J.B. Hunt Transport Services were worth $3,540,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth $25,000. Cromwell Holdings LLC lifted its stake in shares of J.B. Hunt Transport Services by 52.2% during the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company's stock worth $28,000 after purchasing an additional 71 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of J.B. Hunt Transport Services by 41.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company's stock worth $30,000 after purchasing an additional 66 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of J.B. Hunt Transport Services by 52.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company's stock worth $30,000 after purchasing an additional 76 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 74.95% of the company's stock.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, SVP Jennifer Boattini sold 2,238 shares of the business's stock in a transaction on Friday, February 27th. The shares were sold at an average price of $232.00, for a total value of $519,216.00. Following the transaction, the senior vice president owned 16,650 shares in the company, valued at $3,862,800. The trade was a 11.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Nicholas Hobbs sold 1,272 shares of the business's stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total transaction of $318,954.00. Following the completion of the transaction, the chief operating officer owned 91,736 shares in the company, valued at $23,002,802. This represents a 1.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,510 shares of company stock worth $1,092,450 in the last quarter. 2.50% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Down 1.6%

Shares of J.B. Hunt Transport Services stock opened at $242.19 on Friday. The company has a fifty day moving average price of $224.25 and a 200 day moving average price of $204.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $256.18. The stock has a market cap of $22.84 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $3.01 billion. During the same period in the prior year, the company earned $1.17 EPS. The firm's 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 8th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. J.B. Hunt Transport Services's payout ratio is currently 27.86%.

Analysts Set New Price Targets

A number of brokerages have weighed in on JBHT. Raymond James Financial reissued an "outperform" rating and set a $240.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 15th. The Goldman Sachs Group increased their price target on J.B. Hunt Transport Services from $169.00 to $187.00 and gave the stock a "neutral" rating in a research note on Thursday, January 8th. Bank of America increased their price target on 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. Susquehanna increased their price target on 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. Finally, Wolfe Research reissued an "outperform" rating and set a $214.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $227.04.

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.

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