Cambiar Investors LLC Sells 7,804 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Cambiar Investors LLC reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,859 shares of the transportation company’s stock after selling 7,804 shares during the period. Cambiar Investors LLC’s holdings in J.B. Hunt Transport Services were worth $10,898,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JBHT. Cetera Investment Advisers raised its holdings in J.B. Hunt Transport Services by 49.1% during the second quarter. Cetera Investment Advisers now owns 12,520 shares of the transportation company’s stock valued at $2,003,000 after buying an additional 4,122 shares in the last quarter. Sanctuary Advisors LLC bought a new position in J.B. Hunt Transport Services during the second quarter valued at about $690,000. CWM LLC raised its holdings in J.B. Hunt Transport Services by 119.5% during the third quarter. CWM LLC now owns 7,858 shares of the transportation company’s stock valued at $1,354,000 after buying an additional 4,278 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in J.B. Hunt Transport Services by 602.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 583 shares of the transportation company’s stock valued at $100,000 after buying an additional 500 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its holdings in J.B. Hunt Transport Services by 5.8% during the third quarter. Gateway Investment Advisers LLC now owns 2,856 shares of the transportation company’s stock valued at $492,000 after buying an additional 157 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now owns 700 shares of the company’s stock, valued at approximately $127,904. The trade was a 17.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at $15,092,976.08. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,545 shares of company stock worth $1,898,942 in the last quarter. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Benchmark reaffirmed a “buy” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Barclays raised their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. TD Cowen lowered their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating on the stock in a research report on Friday, January 17th. Finally, Citigroup lowered their price target on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.11.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $167.10 on Tuesday. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51. The firm has a 50 day moving average of $174.89 and a 200-day moving average of $174.87. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $16.85 billion, a P/E ratio of 30.05, a price-to-earnings-growth ratio of 1.62 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the firm earned $1.47 EPS. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s payout ratio is 30.94%.

J.B. Hunt Transport Services 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.