Forsta AP Fonden Decreases Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Key Points

• Forsta AP Fonden reduced its stake in J.B. Hunt Transport Services by 11.0%, owning 14,500 shares worth approximately $2.15 million after selling 1,800 shares in the last quarter.
• J.B. Hunt announced a quarterly dividend of $0.44 per share, with an annualized dividend yield of 1.2% and a payout ratio of 32.00%.
• J.B. Hunt's stock has received a consensus rating of "Moderate Buy" from analysts, with a target price of $164.90.

Forsta AP Fonden reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,500 shares of the transportation company's stock after selling 1,800 shares during the quarter. Forsta AP Fonden's holdings in J.B. Hunt Transport Services were worth $2,145,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of J.B. Hunt Transport Services by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company's stock valued at $1,486,670,000 after buying an additional 195,873 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of J.B. Hunt Transport Services by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock worth $578,572,000 after purchasing an additional 15,476 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of J.B. Hunt Transport Services by 0.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company's stock worth $225,209,000 after purchasing an additional 8,725 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of J.B. Hunt Transport Services by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,181,027 shares of the transportation company's stock worth $201,555,000 after purchasing an additional 108,933 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of J.B. Hunt Transport Services by 9.0% in the 4th quarter. Northern Trust Corp now owns 795,855 shares of the transportation company's stock worth $135,821,000 after purchasing an additional 65,424 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of research analyst reports. Wells Fargo & Company reissued an "overweight" rating and set a $163.00 price objective (up previously from $150.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Truist Financial increased their price objective on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a report on Wednesday, July 16th. Robert W. Baird initiated coverage on shares of J.B. Hunt Transport Services in a report on Tuesday, July 1st. They set an "outperform" rating and a $169.00 price objective on the stock. Baird R W raised shares of J.B. Hunt Transport Services to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Citigroup reissued a "buy" rating and set a $170.00 price objective (down previously from $175.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and a consensus price target of $164.90.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT traded down $1.00 on Friday, reaching $143.45. 544,605 shares of the company's stock traded hands, compared to its average volume of 1,064,553. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a 50-day simple moving average of $145.77 and a 200-day simple moving average of $147.07. The firm has a market cap of $13.89 billion, a PE ratio of 26.08, a P/E/G ratio of 2.22 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The firm had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.32 EPS. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a $0.44 dividend. The ex-dividend date is Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. J.B. Hunt Transport Services's payout ratio is presently 32.00%.

Insider Buying and Selling

In related news, EVP David Keefauver sold 989 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares in the company, valued at approximately $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric Mcgee bought 1,148 shares of the stock in a transaction on Monday, August 4th. The shares were bought at an average price of $140.76 per share, with a total value of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares of the company's stock, valued at $1,041,201.72. This trade represents a 18.37% 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 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.