King Luther Capital Management Corp Has $3.91 Million Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

King Luther Capital Management Corp boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,111 shares of the transportation company’s stock after purchasing an additional 2,443 shares during the quarter. King Luther Capital Management Corp’s holdings in J.B. Hunt Transport Services were worth $3,906,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of J.B. Hunt Transport Services during the third quarter worth $25,000. Cromwell Holdings LLC lifted its holdings in J.B. Hunt Transport Services by 52.2% during the third quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock worth $28,000 after acquiring an additional 71 shares in the last quarter. Private Trust Co. NA lifted its holdings in J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after acquiring an additional 74 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in J.B. Hunt Transport Services by 41.5% in the third quarter. Parkside Financial Bank & Trust now owns 225 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 66 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in shares of J.B. Hunt Transport Services by 52.8% in the third quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock worth $30,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Ronald Greer Woodruff sold 331 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $225.57, for a total transaction of $74,663.67. Following the completion of the transaction, the executive vice president directly owned 4,019 shares of the company’s stock, valued at $906,565.83. The trade was a 7.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darren P. Field sold 9,000 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $219.76, for a total transaction of $1,977,840.00. Following the completion of the transaction, the executive vice president directly owned 10,736 shares in the company, valued at $2,359,343.36. The trade was a 45.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 32,316 shares of company stock worth $6,727,749. 2.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

JBHT has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective on J.B. Hunt Transport Services from $169.00 to $187.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. UBS Group lifted their price target on shares of J.B. Hunt Transport Services from $174.00 to $196.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Argus raised shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research report on Thursday, January 22nd. Citigroup lowered shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $175.00 to $221.00 in a report on Wednesday, January 7th. Finally, TD Cowen reaffirmed a “hold” rating on shares of J.B. Hunt Transport Services in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $203.00.

J.B. Hunt Transport Services Trading Up 2.0%

Shares of NASDAQ:JBHT opened at $230.16 on Friday. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $234.82. The company has a market capitalization of $21.92 billion, a P/E ratio of 37.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. The company has a 50-day simple moving average of $208.51 and a 200 day simple moving average of $173.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.87 and a current ratio of 0.83.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.10 billion. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.53 earnings per share. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 6th were paid a $0.45 dividend. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, February 6th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 29.32%.

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.