Corient Private Wealth LLC Sells 4,370 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Corient Private Wealth LLC lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 417,284 shares of the transportation company’s stock after selling 4,370 shares during the period. Corient Private Wealth LLC’s holdings in J.B. Hunt Transport Services were worth $81,095,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in J.B. Hunt Transport Services by 633.2% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,657 shares of the transportation company’s stock worth $322,000 after buying an additional 1,431 shares in the last quarter. Wick Capital Partners LLC acquired a new position in J.B. Hunt Transport Services during the fourth quarter worth $315,000. MidFirst Bank acquired a new position in J.B. Hunt Transport Services during the fourth quarter worth $379,000. Pacer Advisors Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 16.5% during the fourth quarter. Pacer Advisors Inc. now owns 7,253 shares of the transportation company’s stock valued at $1,410,000 after acquiring an additional 1,029 shares during the period. Finally, Kera Capital Partners Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 38.3% during the fourth quarter. Kera Capital Partners Inc. now owns 5,087 shares of the transportation company’s stock valued at $1,031,000 after acquiring an additional 1,409 shares during the period. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $271.22 on Friday. The stock has a 50-day simple moving average of $258.66 and a 200 day simple moving average of $226.02. The company has a market capitalization of $25.58 billion, a PE ratio of 41.98, a P/E/G ratio of 2.02 and a beta of 1.30. 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, Inc. has a 12 month low of $130.12 and a 12 month high of $293.54.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its 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. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.17 earnings per share. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is currently 27.86%.

Insider Activity

In other news, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the transaction, the executive vice president owned 8,696 shares of the company’s stock, valued at $2,213,045.04. The trade was a 31.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Spencer Frazier sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the sale, the executive vice president owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. This represents a 30.28% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 18,119 shares of company stock valued at $4,736,095. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on JBHT. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. UBS Group raised their price target on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Stifel Nicolaus lifted their price objective on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, April 2nd. Benchmark increased their price objective on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Barclays upped their target price on shares of J.B. Hunt Transport Services from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $236.17.

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.