Nisa Investment Advisors LLC Sells 4,000 Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT)

Nisa Investment Advisors LLC trimmed its holdings in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 17.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,350 shares of the transportation company’s stock after selling 4,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in J B Hunt Transport Services were worth $2,260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JBHT. CSat Investment Advisory L.P. grew its holdings in J B Hunt Transport Services by 99.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 639 shares of the transportation company’s stock worth $58,000 after acquiring an additional 318 shares during the last quarter. Victory Capital Management Inc. grew its holdings in J B Hunt Transport Services by 6.4% during the 2nd quarter. Victory Capital Management Inc. now owns 35,601 shares of the transportation company’s stock worth $3,254,000 after acquiring an additional 2,137 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in J B Hunt Transport Services by 9,936.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 213,271 shares of the transportation company’s stock worth $19,495,000 after acquiring an additional 211,146 shares during the last quarter. California Public Employees Retirement System grew its holdings in J B Hunt Transport Services by 2.7% during the 2nd quarter. California Public Employees Retirement System now owns 245,682 shares of the transportation company’s stock worth $22,458,000 after acquiring an additional 6,460 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in J B Hunt Transport Services during the 2nd quarter worth approximately $27,881,000. 75.33% of the stock is currently owned by hedge funds and other institutional investors.

J B Hunt Transport Services stock opened at $116.50 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.57. J B Hunt Transport Services Inc has a 12-month low of $83.64 and a 12-month high of $122.29. The firm’s fifty day moving average is $116.03 and its 200 day moving average is $110.36. The company has a market capitalization of $12.19 billion, a PE ratio of 21.96, a PEG ratio of 1.34 and a beta of 1.11.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Friday, January 17th. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.52 by ($0.17). J B Hunt Transport Services had a net margin of 5.99% and a return on equity of 25.65%. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. Sell-side analysts expect that J B Hunt Transport Services Inc will post 5.67 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.93%. This is an increase from J B Hunt Transport Services’s previous quarterly dividend of $0.26. J B Hunt Transport Services’s payout ratio is presently 21.27%.

In related news, EVP Nicholas Hobbs sold 3,310 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $120.29, for a total transaction of $398,159.90. Following the transaction, the executive vice president now owns 58,209 shares in the company, valued at approximately $7,001,960.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David G. Mee sold 2,500 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $121.06, for a total transaction of $302,650.00. Following the transaction, the chief financial officer now owns 108,650 shares in the company, valued at approximately $13,153,169. The disclosure for this sale can be found here. Insiders have sold a total of 105,810 shares of company stock worth $12,722,810 in the last quarter. 3.60% of the stock is owned by corporate insiders.

JBHT has been the topic of a number of recent analyst reports. Barclays restated a “hold” rating and issued a $125.00 price target on shares of J B Hunt Transport Services in a research report on Sunday, January 19th. Goldman Sachs Group downgraded shares of J B Hunt Transport Services from a “buy” rating to a “neutral” rating and set a $115.00 price target on the stock. in a research report on Friday, November 1st. Knight Equity downgraded shares of J B Hunt Transport Services from a “top pick” rating to a “neutral” rating and dropped their price target for the stock from $124.00 to $119.00 in a research report on Tuesday, October 8th. They noted that the move was a valuation call. BidaskClub downgraded shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Saturday, January 18th. Finally, Stephens dropped their price target on shares of J B Hunt Transport Services from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company’s stock. J B Hunt Transport Services currently has a consensus rating of “Hold” and a consensus price target of $114.00.

J B Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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