J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 238,030 shares of the transportation company’s stock after selling 11,027 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.23% of J.B. Hunt Transport Services worth $47,427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of JBHT. LPL Financial LLC grew its holdings in shares of J.B. Hunt Transport Services by 16.8% in the 3rd quarter. LPL Financial LLC now owns 22,804 shares of the transportation company’s stock worth $4,299,000 after acquiring an additional 3,273 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in J.B. Hunt Transport Services by 86.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,998 shares of the transportation company’s stock worth $754,000 after purchasing an additional 1,858 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in J.B. Hunt Transport Services by 2.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,335 shares of the transportation company’s stock worth $1,006,000 after buying an additional 148 shares during the period. JPMorgan Chase & Co. lifted its stake in J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock valued at $406,215,000 after buying an additional 1,397,651 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $605,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO John N. Roberts bought 6,200 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the acquisition, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $158.71 on Thursday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The stock’s 50-day moving average is $161.10 and its two-hundred day moving average is $185.09. The firm has a market cap of $16.38 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 1.82 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.12 billion. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services’s payout ratio is 27.30%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Stifel Nicolaus reduced their price target on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Benchmark reaffirmed a “buy” rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. TD Cowen dropped their price target on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. JPMorgan Chase & Co. decreased their price objective on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Finally, UBS Group lowered their target price on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.38.

J.B. Hunt Transport Services Company 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.