J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 53.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,269 shares of the transportation company's stock after selling 10,521 shares during the quarter. Jefferies Financial Group Inc.'s holdings in J.B. Hunt Transport Services were worth $1,582,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JBHT. Wellington Management Group LLP grew its holdings in shares of J.B. Hunt Transport Services by 428.4% during the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after purchasing an additional 1,024,295 shares during the last quarter. Norges Bank acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $146,618,000. Demars Financial Group LLC lifted its stake in J.B. Hunt Transport Services by 16,964.6% in the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock valued at $104,113,000 after buying an additional 606,484 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in J.B. Hunt Transport Services by 111.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock valued at $163,237,000 after buying an additional 503,324 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its position in shares of J.B. Hunt Transport Services by 2,408.1% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company's stock worth $36,502,000 after purchasing an additional 205,360 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBHT has been the topic of several analyst reports. Benchmark reaffirmed a "buy" rating and set a $175.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. TD Cowen cut their price objective 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. Stephens cut their price objective on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a "hold" rating and a $167.00 target price for the company. Finally, Truist Financial dropped their price objective on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $162.00.

J.B. Hunt Transport Services Trading Down 0.9%

JBHT stock traded down $1.27 during midday trading on Friday, hitting $138.73. The company had a trading volume of 1,193,945 shares, compared to its average volume of 992,077. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The stock has a market cap of $13.76 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 1.61 and a beta of 1.33. The stock's 50 day moving average price is $137.67 and its 200 day moving average price is $159.74.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were given a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.27%. J.B. Hunt Transport Services's payout ratio is 31.94%.

Insiders Place Their Bets

In other news, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, April 23rd. The shares were 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 $12,008,995.25. The trade was a 1.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the transaction, the executive vice president now 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 position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

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.