Horrell Capital Management Inc. Sells 1,993 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Horrell Capital Management Inc. lessened its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,915 shares of the transportation company’s stock after selling 1,993 shares during the period. J.B. Hunt Transport Services accounts for approximately 5.3% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 4th biggest position. Horrell Capital Management Inc. owned about 0.06% of J.B. Hunt Transport Services worth $11,636,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in J.B. Hunt Transport Services by 74.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock worth $2,314,000 after buying an additional 6,668 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in J.B. Hunt Transport Services by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after buying an additional 13,729 shares in the last quarter. Empowered Funds LLC increased its stake in shares of J.B. Hunt Transport Services by 27.8% in the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after acquiring an additional 385 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth $539,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of J.B. Hunt Transport Services by 21.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock worth $84,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JBHT. Benchmark boosted their price target on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Sanford C. Bernstein raised shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating and set a $329.00 target price on the stock in a research note on Thursday. Wells Fargo & Company boosted their target price on shares of J.B. Hunt Transport Services from $250.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, June 5th. UBS Group increased their price target on shares of J.B. Hunt Transport Services from $216.00 to $221.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Finally, Truist Financial raised their price target on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $250.65.

J.B. Hunt Transport Services Trading Up 2.2%

NASDAQ JBHT opened at $282.61 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $26.65 billion, a P/E ratio of 43.75, a PEG ratio of 2.05 and a beta of 1.29. The firm’s 50-day moving average is $269.60 and its two-hundred day moving average is $234.87. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $294.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the business earned $1.17 earnings per share. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.29 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.86%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the transaction, the executive vice president owned 15,881 shares in the company, valued at $4,510,362.81. This trade represents a 8.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,119 shares of company stock worth $4,736,095 in the last three months. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.