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

Allspring Global Investments Holdings LLC decreased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,844 shares of the transportation company’s stock after selling 202 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in J.B. Hunt Transport Services were worth $658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 67.7% in the 3rd quarter. Blue Trust Inc. now owns 451 shares of the transportation company’s stock valued at $72,000 after acquiring an additional 182 shares during the last quarter. Raymond James & Associates grew its position in shares of J.B. Hunt Transport Services by 5.3% in the third quarter. Raymond James & Associates now owns 18,084 shares of the transportation company’s stock valued at $3,116,000 after purchasing an additional 912 shares during the period. Greenleaf Trust boosted its holdings in J.B. Hunt Transport Services by 4.0% in the 3rd quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock worth $276,000 after buying an additional 62 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of J.B. Hunt Transport Services by 17,134.5% during the third quarter. International Assets Investment Management LLC now owns 43,431 shares of the transportation company’s stock worth $74,840,000 after purchasing an additional 43,179 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in J.B. Hunt Transport Services by 288.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 86,364 shares of the transportation company’s stock valued at $14,883,000 after purchasing an additional 64,103 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 0.5 %

Shares of JBHT stock opened at $167.71 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 1.61 and a beta of 1.15. The firm’s 50 day moving average price is $172.42 and its two-hundred day moving average price is $174.94. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $214.39.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.47 EPS. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 31.65%.

Analysts Set New Price Targets

A number of research firms have weighed in on JBHT. Bank of America raised 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 note on Thursday, January 16th. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective on the stock in a report on Friday, January 3rd. UBS Group lowered their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating for the company in a research report on Friday, January 17th. TD Cowen lowered their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a report on Friday, January 17th. Finally, Stephens restated an “overweight” rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.11.

Insider Transactions at J.B. Hunt Transport Services

In other news, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the sale, the chief executive officer now directly owns 82,264 shares in the company, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the transaction, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,545 shares of company stock valued at $1,898,942. 2.10% of the stock is currently owned by corporate insiders.

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.