J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,024,240 shares of the transportation company’s stock after selling 19,736 shares during the period. Geode Capital Management LLC’s holdings in J.B. Hunt Transport Services were worth $391,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $32,000. Whittier Trust Co. boosted its stake in J.B. Hunt Transport Services by 39.1% in the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 50 shares in the last quarter. Activest Wealth Management boosted its stake in J.B. Hunt Transport Services by 19,800.0% in the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 198 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in J.B. Hunt Transport Services in the third quarter valued at approximately $32,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $276.43 on Monday. The company has a fifty day simple moving average of $237.42 and a two-hundred day simple moving average of $214.39. The stock has a market cap of $26.07 billion, a P/E ratio of 42.79, a P/E/G ratio of 2.06 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $277.85. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the company posted $1.17 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.86%.

Insider Activity

In related news, COO Nicholas Hobbs sold 1,272 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total transaction of $318,954.00. Following the completion of the transaction, the chief operating officer owned 91,736 shares of the company’s stock, valued at $23,002,802. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the transaction, the executive vice president directly owned 8,696 shares of the company’s stock, valued at approximately $2,213,045.04. This trade represents a 31.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,916 shares of company stock valued at $4,109,634 over the last quarter. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Weiss Ratings cut shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Bank of America raised their price target on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Stifel Nicolaus raised their price target on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, April 2nd. Finally, TD Cowen raised their price target on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $228.17.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.