J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 44.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,175 shares of the transportation company's stock after selling 9,565 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in J.B. Hunt Transport Services were worth $2,078,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JBHT. National Pension Service bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth about $30,000. BankPlus Trust Department acquired a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its holdings in J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after acquiring an additional 134 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after purchasing an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 140.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock worth $62,000 after buying an additional 212 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Down 1.5 %

Shares of JBHT traded down $2.04 during trading hours on Friday, hitting $135.44. The company had a trading volume of 1,222,569 shares, compared to its average volume of 970,443. The company's fifty day moving average price is $140.73 and its two-hundred day moving average price is $163.92. 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 one year low of $122.79 and a one year high of $200.40. The company has a market capitalization of $13.43 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.02. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. As a group, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.30%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

Wall Street Analyst Weigh In

JBHT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft started 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 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. TD Cowen reduced their price objective on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Susquehanna set a $140.00 price target on shares of J.B. Hunt Transport Services and gave the company a "neutral" rating in a research report on Wednesday, April 16th. Finally, Citigroup decreased their target price on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and a consensus target price of $162.20.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction on Friday, March 7th. The shares were 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 in the company, valued at $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Nicholas Hobbs acquired 1,529 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer now owns 91,847 shares of the company's stock, valued at $12,008,995.25. This trade represents a 1.69 % increase in their position. The disclosure for this purchase 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.