Sei Investments Co. Sells 51,155 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Posted by Defense World Staff on Jun 4th, 2023

Sei Investments Co. decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) by 56.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,166 shares of the transportation company’s stock after selling 51,155 shares during the period. Sei Investments Co.’s holdings in J.B. Hunt Transport Services were worth $6,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mackenzie Financial Corp raised its stake in J.B. Hunt Transport Services by 0.9% in the first quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock valued at $1,264,000 after buying an additional 56 shares during the period. Tempus Wealth Planning LLC grew its position in shares of J.B. Hunt Transport Services by 1.1% in the third quarter. Tempus Wealth Planning LLC now owns 5,338 shares of the transportation company’s stock valued at $835,000 after purchasing an additional 60 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of J.B. Hunt Transport Services by 0.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,533 shares of the transportation company’s stock valued at $1,139,000 after purchasing an additional 60 shares during the last quarter. Yousif Capital Management LLC grew its position in shares of J.B. Hunt Transport Services by 0.5% in the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock valued at $2,661,000 after purchasing an additional 60 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management grew its position in shares of J.B. Hunt Transport Services by 2.4% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,676 shares of the transportation company’s stock valued at $467,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 74.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP Eric Mcgee sold 1,200 shares of the firm’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $175.30, for a total transaction of $210,360.00. Following the completion of the transaction, the executive vice president now directly owns 1,210 shares of the company’s stock, valued at approximately $212,113. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Eric Mcgee sold 1,200 shares of the firm’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $175.30, for a total transaction of $210,360.00. Following the completion of the transaction, the executive vice president now directly owns 1,210 shares of the company’s stock, valued at approximately $212,113. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stuart Lockard Scott sold 2,458 shares of the firm’s stock in a transaction on Thursday, April 20th. The stock was sold at an average price of $178.34, for a total value of $438,359.72. Following the transaction, the executive vice president now directly owns 29,126 shares of the company’s stock, valued at $5,194,330.84. The disclosure for this sale can be found here. Insiders sold a total of 7,158 shares of company stock valued at $1,264,895 in the last three months. Insiders own 3.10% of the company’s stock.

J.B. Hunt Transport Services Stock Up 1.9 %

Shares of JBHT opened at $172.59 on Friday. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.92 and a 52 week high of $200.64. The stock has a market capitalization of $17.89 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.34 and a beta of 1.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a fifty day moving average of $173.14 and a 200-day moving average of $178.56.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last announced its quarterly earnings results on Monday, April 17th. The transportation company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.23). J.B. Hunt Transport Services had a net margin of 6.35% and a return on equity of 25.85%. The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 8.56 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, May 11th. J.B. Hunt Transport Services’s dividend payout ratio is currently 19.09%.

Analysts Set New Price Targets

Several equities analysts have recently commented on JBHT shares. Bank of America decreased their target price on J.B. Hunt Transport Services from $197.00 to $194.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. Raymond James decreased their target price on J.B. Hunt Transport Services from $200.00 to $195.00 and set an “outperform” rating on the stock in a research report on Friday, April 14th. Benchmark reissued a “buy” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 19th. Deutsche Bank Aktiengesellschaft reduced their price target on J.B. Hunt Transport Services from $214.00 to $207.00 in a research report on Monday, March 20th. Finally, StockNews.com assumed coverage on J.B. Hunt Transport Services in a research report on Thursday, May 18th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.67.

About J.B. Hunt Transport Services

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J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.