J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 30.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,352 shares of the transportation company’s stock after selling 2,829 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in J.B. Hunt Transport Services were worth $1,084,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Arvest Bank Trust Division bought a new position in shares of J.B. Hunt Transport Services during the third quarter worth about $1,578,000. Forsta AP Fonden grew its position in shares of J.B. Hunt Transport Services by 28.2% in the 3rd quarter. Forsta AP Fonden now owns 15,900 shares of the transportation company’s stock worth $2,740,000 after acquiring an additional 3,500 shares in the last quarter. State Street Corp lifted its stake in J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after purchasing an additional 19,826 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in J.B. Hunt Transport Services by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company’s stock worth $95,419,000 after purchasing an additional 12,040 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in J.B. Hunt Transport Services by 2.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 190,689 shares of the transportation company’s stock valued at $32,861,000 after purchasing an additional 3,910 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.2 %

Shares of J.B. Hunt Transport Services stock opened at $169.96 on Friday. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. 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 stock has a 50 day moving average price of $178.40 and a two-hundred day moving average price of $174.33. The stock has a market capitalization of $17.14 billion, a P/E ratio of 30.57, a PEG ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. J.B. Hunt Transport Services’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 earnings per share. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a $0.44 dividend. The ex-dividend date is Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.04%. J.B. Hunt Transport Services’s payout ratio is presently 30.94%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JBHT shares. Bank of America increased their target price on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a report on Thursday, January 16th. UBS Group lowered their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Evercore ISI reduced their price target 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. JPMorgan Chase & Co. lowered their price objective on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Citigroup cut their target price on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $191.11.

Insider Buying and Selling

In other news, EVP Eric Mcgee sold 145 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the transaction, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. The trade was a 17.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,859 shares of company stock valued at $2,907,905. Insiders own 2.10% of the company’s stock.

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.