USS Investment Management Ltd Sells 10,971 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

USS Investment Management Ltd reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 35.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,345 shares of the transportation company's stock after selling 10,971 shares during the period. USS Investment Management Ltd's holdings in J.B. Hunt Transport Services were worth $3,473,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in J.B. Hunt Transport Services by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock valued at $578,572,000 after purchasing an additional 15,476 shares during the last quarter. Invesco Ltd. raised its stake in shares of J.B. Hunt Transport Services by 5.1% in the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock valued at $362,554,000 after buying an additional 104,019 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of J.B. Hunt Transport Services by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock valued at $340,049,000 after buying an additional 8,968 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake 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 valued at $225,209,000 after buying an additional 8,725 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after buying an additional 1,024,295 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Trading Up 1.9%

JBHT stock traded up $2.58 during midday trading on Tuesday, reaching $140.00. The company's stock had a trading volume of 830,898 shares, compared to its average volume of 987,948. 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 $13.89 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The business's 50-day simple moving average is $138.48 and its 200-day simple moving average is $160.81.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's payout ratio is 31.94%.

Insider Buying and Selling

In other news, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred 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 of the company's stock, valued at $12,008,995.25. The trade was a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. The trade was a 6.31% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on JBHT shares. JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Benchmark restated a "buy" rating and issued a $175.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Susquehanna set a $140.00 price objective on shares of J.B. Hunt Transport Services and gave the company a "neutral" rating in a research note on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the company a "market perform" rating in a research note on Wednesday, April 16th. Finally, Truist Financial dropped their target price on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $162.00.

J.B. Hunt Transport Services Company 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.