J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Horrell Capital Management Inc.

Horrell Capital Management Inc. reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.5% during the 1st quarter, Holdings Channel.com reports. 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 about 5.3% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Horrell Capital Management Inc.’s holdings in J.B. Hunt Transport Services were worth $11,636,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on JBHT shares. Wall Street Zen upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. BMO Capital Markets lifted their price objective on J.B. Hunt Transport Services from $250.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. Raymond James Financial reissued an “outperform” rating and set a $240.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 15th. Benchmark upped their target price on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Finally, UBS Group raised their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average target price of $250.65.

Insiders Place Their Bets

In other news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the sale, the executive vice president directly owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Keefauver sold 703 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the sale, the executive vice president directly owned 790 shares of the company’s stock, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 18,119 shares of company stock worth $4,736,095. Corporate insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Trading Up 2.2%

Shares of J.B. Hunt Transport Services stock opened at $282.61 on Friday. 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 fifty day simple moving average of $269.60 and a 200-day simple moving average of $234.87. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 43.75, a PEG ratio of 2.05 and a beta of 1.29. 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 EPS for the quarter, topping the consensus estimate of $1.45 by $0.04. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period last year, the business earned $1.17 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.29 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given 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 dividend yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is 27.86%.

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.