J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,337 shares of the transportation company’s stock after selling 617 shares during the quarter. Amalgamated Bank’s holdings in J.B. Hunt Transport Services were worth $2,617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter worth about $26,000. True Wealth Design LLC increased its stake in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 142 shares during the period. BankPlus Trust Department bought a new stake in J.B. Hunt Transport Services during the fourth quarter worth approximately $34,000. Versant Capital Management Inc lifted its position in 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 worth $48,000 after purchasing an additional 142 shares during the period. Finally, Huntington National Bank boosted its stake in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on JBHT shares. Barclays boosted their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Stephens reiterated an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. JPMorgan Chase & Co. cut their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Raymond James lowered their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 21st. 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 note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $191.11.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $161.19 on Friday. The stock’s fifty day simple moving average is $171.22 and its 200-day simple moving average is $174.77. The company has a market capitalization of $16.12 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 1.61 and a beta of 1.15. 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 1-year low of $153.12 and a 1-year high of $208.69.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company’s revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $1.47 EPS. On average, sell-side 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.44 dividend. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.09%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.65%.

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

In other news, EVP Eric Mcgee sold 145 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now directly owns 700 shares of the company’s stock, valued at $127,904. This trade represents a 17.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the sale, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,545 shares of company stock valued at $1,898,942 in the last quarter. Company 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.