J. Safra Sarasin Holding AG Trims Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

J. Safra Sarasin Holding AG decreased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 70.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,863 shares of the transportation company's stock after selling 4,541 shares during the period. J. Safra Sarasin Holding AG's holdings in J.B. Hunt Transport Services were worth $318,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service purchased a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $30,000. BankPlus Trust Department acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at $34,000. Versant Capital Management Inc increased its position in shares of J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock valued at $48,000 after buying an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after buying an additional 134 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was purchased at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. This represents 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.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JBHT shares. Evercore ISI cut their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. UBS Group reduced their target price on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Bank of America lowered their target price on J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Stephens reduced their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Susquehanna set a $140.00 price objective on J.B. Hunt Transport Services and gave the stock a "neutral" rating in a research report on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and an average price target of $162.20.

J.B. Hunt Transport Services Trading Down 0.4 %

NASDAQ:JBHT traded down $0.49 on Tuesday, hitting $130.46. 256,237 shares of the stock were exchanged, compared to its average volume of 947,462. The stock has a fifty day moving average of $145.94 and a 200-day moving average of $166.57. The stock has a market cap of $13.05 billion, a PE ratio of 23.43, a PEG ratio of 1.61 and a beta of 1.27. 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 fifty-two week low of $122.79 and a fifty-two week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, equities 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 firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.35%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

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.