Copeland Capital Management LLC Sells 282 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Copeland Capital Management LLC cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,503 shares of the transportation company’s stock after selling 282 shares during the period. Copeland Capital Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Paloma Partners Management Co boosted its holdings in J.B. Hunt Transport Services by 14,254.9% in the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock worth $32,035,000 after buying an additional 184,601 shares during the period. Mizuho Securities USA LLC lifted its position in shares of J.B. Hunt Transport Services by 2,384.8% in the third quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock valued at $25,297,000 after acquiring an additional 149,815 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of J.B. Hunt Transport Services by 155.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock worth $37,689,000 after acquiring an additional 134,476 shares during the period. Parnassus Investments LLC grew its position in shares of J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock worth $129,765,000 after purchasing an additional 93,213 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at approximately $15,149,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the transaction, the senior vice president now directly owns 8,235 shares in the company, valued at $1,563,579.45. This trade represents a 16.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,359 shares of company stock worth $2,632,655 over the last quarter. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

JBHT has been the subject of several recent analyst reports. TD Cowen dropped their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group reduced their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a report on Thursday, January 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Loop Capital increased their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a “hold” rating in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $191.11.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $171.22 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The stock has a market cap of $17.26 billion, a PE ratio of 30.79, a P/E/G ratio of 1.58 and a beta of 1.16. The company has a 50-day moving average price of $177.47 and a 200 day moving average price of $174.74.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced 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). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the firm earned $1.47 EPS. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.62 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, February 7th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio is 30.94%.

About J.B. Hunt Transport Services

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.