J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Interval Partners LP

Interval Partners LP trimmed its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 53.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 117,623 shares of the transportation company’s stock after selling 133,696 shares during the period. Interval Partners LP’s holdings in J.B. Hunt Transport Services were worth $22,859,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in JBHT. AQR Capital Management LLC raised its stake in shares of J.B. Hunt Transport Services by 411.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after buying an additional 1,447,993 shares during the period. Norges Bank purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at $200,587,000. Bessemer Group Inc. lifted its holdings in J.B. Hunt Transport Services by 75,567.4% during the fourth quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock valued at $195,580,000 after purchasing an additional 1,005,047 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in J.B. Hunt Transport Services by 338.0% during the third quarter. Qube Research & Technologies Ltd now owns 823,089 shares of the transportation company’s stock valued at $110,434,000 after purchasing an additional 635,172 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in J.B. Hunt Transport Services by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock valued at $358,510,000 after purchasing an additional 416,167 shares in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total value of $516,400.00. Following the transaction, the executive vice president directly owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 8,696 shares in the company, valued at approximately $2,213,045.04. This represents a 31.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 18,119 shares of company stock valued at $4,736,095. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on JBHT shares. Truist Financial boosted their price target on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. TD Cowen boosted their price target on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th. Wells Fargo & Company boosted their price target on J.B. Hunt Transport Services from $250.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. Barclays boosted their price target on 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. Finally, Stifel Nicolaus boosted their price target on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $236.17.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $267.24 on Thursday. The company’s 50-day moving average price is $256.66 and its 200-day moving average price is $225.02. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market cap of $25.20 billion, a P/E ratio of 41.37, a P/E/G ratio of 2.08 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $293.54.

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 for the quarter, topping the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $1.17 earnings per share. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a $0.45 dividend. 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 currently 27.86%.

J.B. Hunt Transport Services 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.