J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 23.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,785 shares of the transportation company's stock after selling 3,669 shares during the quarter. Nisa Investment Advisors LLC's holdings in J.B. Hunt Transport Services were worth $1,744,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after buying an additional 134 shares during the period. TD Private Client Wealth LLC increased its position in shares of J.B. Hunt Transport Services by 49.3% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock valued at $49,000 after buying an additional 109 shares during the period. Intact Investment Management Inc. purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $67,000. CoreFirst Bank & Trust purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $107,000. Finally, Bessemer Group Inc. increased its position in shares of J.B. Hunt Transport Services by 22.4% during the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock valued at $97,000 after buying an additional 120 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Activity

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the transaction, the chief operating officer owned 91,847 shares in the company, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Stock Up 0.8%

Shares of JBHT traded up $1.25 during mid-day trading on Thursday, hitting $152.69. 1,280,831 shares of the company's stock were exchanged, compared to its average volume of 998,044. The company has a market cap of $15.15 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.18 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 0.87. The stock's 50-day moving average is $144.39 and its 200-day moving average is $151.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates 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 firm's revenue was up .0% compared to the same quarter last year. During the same period last year, the business earned $1.32 EPS. On average, sell-side analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.44 per share. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.15%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 32.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on JBHT. Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. TD Cowen dropped 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 research note on Wednesday, April 16th. Susquehanna boosted their price objective on shares of J.B. Hunt Transport Services from $155.00 to $157.00 and gave the stock a "neutral" rating in a research note on Wednesday. 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 research note on Wednesday. Finally, The Goldman Sachs Group set a $164.00 price objective on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $164.90.

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.