J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC cut its stake in J.B. Hunt by 35.9% in Q4, selling 12,185 shares and leaving it with 21,784 shares valued at about $4.23 million.
• Significant insider selling recently: insiders have sold 25,945 shares worth $5.66 million in the last three months, including sales by Bradley W. Hicks (4,028 shares) and SVP Jennifer Boattini (2,238 shares); corporate insiders now own 2.5% of the stock.
• Company and market snapshot: J.B. Hunt raised its quarterly dividend to $0.45 ($1.80 annual, ~0.8% yield), has a $21.48 billion market cap and a P/E of 36.98, a 12‑month range of $122.79–$236.00, and an average analyst rating of "Moderate Buy" with a $205.91 price target.

Cambiar Investors LLC lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,784 shares of the transportation company's stock after selling 12,185 shares during the quarter. Cambiar Investors LLC's holdings in J.B. Hunt Transport Services were worth $4,234,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of J.B. Hunt Transport Services by 74.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company's stock valued at $2,314,000 after purchasing an additional 6,668 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company's stock valued at $64,160,000 after purchasing an additional 13,729 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of J.B. Hunt Transport Services by 27.8% in the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company's stock valued at $262,000 after purchasing an additional 385 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $539,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of J.B. Hunt Transport Services by 21.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company's stock valued at $84,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

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

In other J.B. Hunt Transport Services news, insider Bradley W. Hicks sold 4,028 shares of the business's stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total value of $906,823.64. Following the transaction, the insider owned 30,395 shares in the company, valued at $6,842,826.35. The trade was a 11.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jennifer Boattini sold 2,238 shares of the business's stock in a transaction on Friday, February 27th. The stock was sold at an average price of $232.00, for a total transaction of $519,216.00. Following the completion of the transaction, the senior vice president owned 16,650 shares in the company, valued at $3,862,800. This represents a 11.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 25,945 shares of company stock worth $5,656,495. Corporate insiders own 2.50% of the company's stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $227.04 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $21.48 billion, a price-to-earnings ratio of 36.98, a PEG ratio of 1.85 and a beta of 1.22. The firm's fifty day simple moving average is $217.48 and its 200 day simple moving average is $191.61. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $236.00.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.10 billion. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 EPS. As a group, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, February 6th. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.44. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 29.32%.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of research analyst reports. Bank of America decreased their price target on shares of J.B. Hunt Transport Services from $228.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, March 20th. The Goldman Sachs Group lifted their price target on shares of J.B. Hunt Transport Services from $169.00 to $187.00 and gave the company a "neutral" rating in a report on Thursday, January 8th. Evercore set a $222.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of J.B. Hunt Transport Services from $176.00 to $211.00 and gave the company an "overweight" rating in a report on Monday, January 12th. Finally, UBS Group lifted their price target on shares of J.B. Hunt Transport Services from $174.00 to $196.00 and gave the company a "neutral" rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average price target of $205.91.

About J.B. Hunt Transport Services

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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