J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC lessened its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 80.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,999 shares of the transportation company's stock after selling 31,916 shares during the quarter. Geneva Capital Management LLC's holdings in J.B. Hunt Transport Services were worth $1,598,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Drive Wealth Management LLC boosted its stake in shares of J.B. Hunt Transport Services by 3.5% during the 4th quarter. Drive Wealth Management LLC now owns 1,696 shares of the transportation company's stock worth $339,000 after acquiring an additional 57 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of J.B. Hunt Transport Services by 26.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company's stock worth $60,000 after acquiring an additional 62 shares in the last quarter. New York Life Investment Management LLC boosted its stake in J.B. Hunt Transport Services by 0.5% during the 4th quarter. New York Life Investment Management LLC now owns 12,711 shares of the transportation company's stock valued at $2,539,000 after purchasing an additional 65 shares during the period. Tempus Wealth Planning LLC boosted its stake in J.B. Hunt Transport Services by 1.4% during the 4th quarter. Tempus Wealth Planning LLC now owns 5,628 shares of the transportation company's stock valued at $1,124,000 after purchasing an additional 76 shares during the period. Finally, Wahed Invest LLC boosted its stake in J.B. Hunt Transport Services by 6.6% during the 3rd quarter. Wahed Invest LLC now owns 1,263 shares of the transportation company's stock valued at $238,000 after purchasing an additional 78 shares during the period. Institutional investors own 74.95% of the company's stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now owns 42,411 shares of the company's stock, valued at $9,021,243.81. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Alfred C. Harper sold 6,500 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now owns 42,411 shares in the company, valued at approximately $9,021,243.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO John Kuhlow sold 3,500 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the sale, the chief financial officer now owns 10,537 shares in the company, valued at approximately $2,244,381. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,454 shares of company stock worth $3,283,219. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Trading Up 0.3 %

J.B. Hunt Transport Services stock traded up $0.58 during mid-day trading on Friday, hitting $170.59. 711,849 shares of the company's stock were exchanged, compared to its average volume of 1,129,487. The firm has a market capitalization of $17.60 billion, a P/E ratio of 27.08, a PEG ratio of 2.24 and a beta of 1.17. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $160.07 and a fifty-two week high of $219.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. The company's 50 day simple moving average is $185.33 and its 200-day simple moving average is $190.63.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.12 billion. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.61 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 27.30%.

Analysts Set New Price Targets

Several analysts recently weighed in on JBHT shares. Susquehanna decreased their target price on J.B. Hunt Transport Services from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, April 17th. Benchmark restated a "buy" rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Raymond James increased their target price on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an "outperform" rating in a research note on Tuesday, January 16th. Barclays cut their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an "equal weight" rating for the company in a report on Wednesday, April 17th. Finally, Evercore ISI cut their price target on J.B. Hunt Transport Services from $218.00 to $199.00 and set an "outperform" rating for the company in a report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and an average price target of $194.24.

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.