J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. lowered its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.7% during the third quarter, HoldingsChannel reports. The fund owned 24,797 shares of the transportation company’s stock after selling 2,670 shares during the period. Resona Asset Management Co. Ltd.’s holdings in J.B. Hunt Transport Services were worth $3,330,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in JBHT. Root Financial Partners LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $25,000. Private Trust Co. NA lifted its position in shares of J.B. Hunt Transport Services by 57.8% during the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after buying an additional 74 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in shares of J.B. Hunt Transport Services by 52.2% in the 3rd quarter. Cromwell Holdings LLC now owns 207 shares of the transportation company’s stock valued at $28,000 after buying an additional 71 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. Finally, Assetmark Inc. raised its stake in J.B. Hunt Transport Services by 418.6% during the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on JBHT shares. Citigroup downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and upped their price objective for the company from $175.00 to $221.00 in a research note on Wednesday, January 7th. Evercore ISI set a $222.00 target price on J.B. Hunt Transport Services in a research report on Friday, January 16th. The Goldman Sachs Group lifted their price target on J.B. Hunt Transport Services from $169.00 to $187.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Robert W. Baird increased their price objective on J.B. Hunt Transport Services from $173.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Finally, Stephens reaffirmed an “overweight” rating and issued a $180.00 target price on shares of J.B. Hunt Transport Services in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $200.05.

J.B. Hunt Transport Services Trading Up 1.1%

Shares of JBHT stock opened at $205.06 on Thursday. The company has a market capitalization of $19.53 billion, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27. The company has a current ratio of 0.83, a quick ratio of 0.87 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $194.86 and its two-hundred day moving average is $164.87. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $212.00.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 15th. The transportation company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.09. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the company earned $1.53 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities 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 company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 6th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, February 6th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 0.9%. J.B. Hunt Transport Services’s payout ratio is presently 28.66%.

J.B. Hunt Transport Services declared that its board has initiated a stock buyback program on Wednesday, October 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the transportation company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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

In other J.B. Hunt Transport Services news, CAO John Kuhlow sold 3,225 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $179.76, for a total transaction of $579,726.00. Following the transaction, the chief accounting officer owned 13,095 shares in the company, valued at approximately $2,353,957.20. The trade was a 19.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bradley W. Hicks sold 3,919 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $210.13, for a total value of $823,499.47. Following the transaction, the insider directly owned 26,580 shares of the company’s stock, valued at approximately $5,585,255.40. This trade represents a 12.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 16,957 shares of company stock valued at $3,315,491. Insiders own 2.30% of the company’s stock.

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.