Nisa Investment Advisors LLC Lowers Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Nisa Investment Advisors LLC reduced its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 24.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,527 shares of the transportation company’s stock after selling 2,696 shares during the quarter. Nisa Investment Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $1,144,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of J.B. Hunt Transport Services by 74.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock worth $2,314,000 after acquiring an additional 6,668 shares during the period. Goldman Sachs Group Inc. lifted its position in J.B. Hunt Transport Services by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after purchasing an additional 13,729 shares during the period. Empowered Funds LLC boosted its holdings in J.B. Hunt Transport Services by 27.8% in the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after purchasing an additional 385 shares in the last quarter. Voya Investment Management LLC increased its position in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Voya Investment Management LLC now owns 23,753 shares of the transportation company’s stock worth $3,514,000 after purchasing an additional 125 shares during the period. Finally, Czech National Bank increased its position in J.B. Hunt Transport Services by 5.0% during the 2nd quarter. Czech National Bank now owns 19,154 shares of the transportation company’s stock worth $2,751,000 after purchasing an additional 909 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.3%

NASDAQ:JBHT opened at $205.81 on Thursday. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $208.13. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. The stock has a fifty day simple moving average of $186.82 and a 200-day simple moving average of $161.07. The company has a market capitalization of $19.60 billion, a PE ratio of 35.67, a price-to-earnings-growth ratio of 1.74 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.30. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm posted $1.49 EPS. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.50%.

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

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Wolfe Research restated an “outperform” rating and issued a $214.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, January 8th. Truist Financial raised their target price on J.B. Hunt Transport Services from $145.00 to $155.00 and gave the company a “hold” rating in a report on Thursday, October 16th. The Goldman Sachs Group boosted their target price on shares of 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. Morgan Stanley increased their price target on shares of J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Finally, Cowen reiterated a “hold” rating on shares of J.B. Hunt Transport Services in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $193.64.

Insider Activity

In related news, CAO John Kuhlow sold 3,225 shares of the company’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 value of $579,726.00. Following the sale, the chief accounting officer owned 13,095 shares of the company’s stock, valued at approximately $2,353,957.20. This represents a 19.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 6,500 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total value of $1,098,500.00. Following the transaction, the executive vice president directly owned 12,976 shares of the company’s stock, valued at $2,192,944. The trade was a 33.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 15,109 shares of company stock worth $2,688,970. 2.30% of the stock is owned by corporate insiders.

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.