Procyon Advisors LLC Sells 80 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Procyon Advisors LLC decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,747 shares of the transportation company’s stock after selling 80 shares during the quarter. Procyon Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $469,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC increased its position in J.B. Hunt Transport Services by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock valued at $581,567,000 after purchasing an additional 22,563 shares during the period. State Street Corp raised its stake in J.B. Hunt Transport Services by 0.6% in the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after buying an additional 19,826 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in J.B. Hunt Transport Services by 6.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company’s stock worth $269,611,000 after buying an additional 105,500 shares during the period. Dimensional Fund Advisors LP boosted its position in J.B. Hunt Transport Services by 25.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after acquiring an additional 193,684 shares in the last quarter. Finally, Parnassus Investments LLC increased its holdings in shares of J.B. Hunt Transport Services by 14.1% in the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock valued at $129,765,000 after acquiring an additional 93,213 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 7.4 %

Shares of JBHT stock opened at $172.45 on Friday. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The stock has a market cap of $17.39 billion, a P/E ratio of 31.35, a P/E/G ratio of 2.94 and a beta of 1.16. The stock has a 50 day moving average of $180.08 and a 200 day moving average of $173.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.47 earnings per share. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 5.67 EPS for the current year.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Shelley Simpson sold 6,000 shares of J.B. Hunt Transport Services stock in a transaction dated 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 sale, the chief executive officer now owns 82,264 shares in the company, valued at approximately $15,092,976.08. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,459 shares of company stock worth $2,136,277. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

JBHT has been the topic of a number of recent analyst reports. Evercore ISI lowered their price target on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a report on Friday. TD Cowen reduced 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. UBS Group dropped their target price on J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research note on Friday. Wells Fargo & Company decreased their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Bank of America boosted their target price on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $191.67.

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.