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

Voya Investment Management LLC decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 9.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,628 shares of the transportation company's stock after selling 2,383 shares during the quarter. Voya Investment Management LLC's holdings in J.B. Hunt Transport Services were worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in shares of J.B. Hunt Transport Services by 428.4% in the fourth 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. Norges Bank purchased a new position in J.B. Hunt Transport Services in the 4th quarter worth approximately $146,618,000. Demars Financial Group LLC grew its position in J.B. Hunt Transport Services by 16,964.6% in the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock valued at $104,113,000 after acquiring an additional 606,484 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of J.B. Hunt Transport Services by 111.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock valued at $163,237,000 after purchasing an additional 503,324 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of J.B. Hunt Transport Services by 155.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company's stock worth $37,689,000 after purchasing an additional 134,476 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT traded up $0.84 during trading hours on Wednesday, reaching $131.71. The company's stock had a trading volume of 146,713 shares, compared to its average volume of 958,804. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $142.14 and a 200 day simple moving average of $164.77. The stock has a market cap of $13.07 billion, a PE ratio of 23.71, a PEG ratio of 1.61 and a beta of 1.33. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

Analyst Ratings Changes

A number of research firms recently weighed in on JBHT. Truist Financial lowered their price target on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Barclays lowered their target price on J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. cut their price target on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Raymond James lowered their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Susquehanna set a $140.00 target price on J.B. Hunt Transport Services and gave the company a "neutral" rating in a research note on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating and eleven have given 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 $162.20.

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

In related news, COO Nicholas Hobbs acquired 1,529 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was acquired at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the acquisition, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. The trade was a 1.69 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the firm's 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 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 position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

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.