J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,014 shares of the transportation company’s stock after acquiring an additional 2,480 shares during the quarter. Sumitomo Mitsui Financial Group Inc. owned about 0.07% of J.B. Hunt Transport Services worth $11,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of J.B. Hunt Transport Services by 16.0% in the third quarter. FMR LLC now owns 205,413 shares of the transportation company’s stock worth $35,399,000 after buying an additional 28,296 shares during the period. Public Sector Pension Investment Board raised its stake in shares of J.B. Hunt Transport Services by 10.1% during the third quarter. Public Sector Pension Investment Board now owns 3,268 shares of the transportation company’s stock valued at $563,000 after purchasing an additional 300 shares during the period. Investment Management Corp of Ontario lifted its position in shares of J.B. Hunt Transport Services by 42.4% during the third quarter. Investment Management Corp of Ontario now owns 2,687 shares of the transportation company’s stock worth $463,000 after purchasing an additional 800 shares in the last quarter. Morse Asset Management Inc purchased a new position in shares of J.B. Hunt Transport Services in the third quarter valued at $86,000. Finally, Quarry LP grew its holdings in J.B. Hunt Transport Services by 502.1% during the 3rd quarter. Quarry LP now owns 566 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 472 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $134.66 on Monday. J.B. Hunt Transport Services, Inc. has a 12-month low of $127.35 and a 12-month high of $200.40. The company has a market cap of $13.47 billion, a PE ratio of 24.22, a P/E/G ratio of 1.61 and a beta of 1.27. The stock has a 50 day simple moving average of $159.46 and a 200-day simple moving average of $171.26. 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 (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm posted $1.47 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.31%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services’s payout ratio is 31.65%.

Analyst Ratings Changes

JBHT has been the subject of a number of analyst reports. Bank of America decreased their price objective on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, March 17th. TD Cowen reduced their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a report on Friday, January 17th. Barclays dropped their price objective on J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Stephens reiterated an “overweight” rating and set a $205.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Finally, Truist Financial initiated coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, March 13th. They issued a “hold” rating and a $165.00 price target for the company. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.55.

About J.B. Hunt Transport Services

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.