Primecap Management Co. CA Sells 5,700 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Primecap Management Co. CA cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 648,500 shares of the transportation company’s stock after selling 5,700 shares during the period. Primecap Management Co. CA owned approximately 0.63% of J.B. Hunt Transport Services worth $129,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in J.B. Hunt Transport Services by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock valued at $433,186,000 after buying an additional 62,313 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after buying an additional 1,397,651 shares during the last quarter. Invesco Ltd. lifted its stake in shares of J.B. Hunt Transport Services by 5.6% in the 3rd quarter. Invesco Ltd. now owns 1,090,774 shares of the transportation company’s stock valued at $205,633,000 after purchasing an additional 57,546 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of J.B. Hunt Transport Services by 7,720.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after purchasing an additional 971,124 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $185,299,000. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Down 0.2 %

Shares of NASDAQ:JBHT traded down $0.26 on Friday, reaching $157.62. The company had a trading volume of 462,000 shares, compared to its average volume of 861,042. J.B. Hunt Transport Services, Inc. has a 52-week low of $155.43 and a 52-week high of $219.51. The firm’s 50 day simple moving average is $177.41 and its 200-day simple moving average is $190.18. The firm has a market capitalization of $16.27 billion, a PE ratio of 25.02, a PEG ratio of 1.79 and a beta of 1.17. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.12 billion. As a group, analysts expect that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a $0.43 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.09%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on JBHT shares. TD Cowen lowered their price objective on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Barclays lowered their price objective on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 17th. BMO Capital Markets lowered their price objective on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Susquehanna lowered their price objective on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Finally, Stephens lowered their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $194.24.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, CEO John N. Roberts acquired 6,200 shares of the stock in a transaction dated Friday, April 26th. The stock was purchased at an average price of $161.06 per share, with a total value of $998,572.00. Following the transaction, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, CEO John N. Roberts acquired 6,200 shares of the stock in a transaction dated Friday, April 26th. The stock was purchased at an average price of $161.06 per share, with a total value of $998,572.00. Following the transaction, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Patrick J. Ottensmeyer acquired 5,000 shares of the stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $1,014,950. The disclosure for this purchase can be found here. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.