US Bancorp DE Sells 7,945 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

US Bancorp DE lowered its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,227 shares of the transportation company’s stock after selling 7,945 shares during the period. US Bancorp DE owned about 0.08% of J.B. Hunt Transport Services worth $17,423,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in JBHT. JPMorgan Chase & Co. increased its holdings in shares of J.B. Hunt Transport Services by 184.6% in the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after acquiring an additional 1,397,651 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of J.B. Hunt Transport Services by 7,720.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after purchasing an additional 971,124 shares during the period. Norges Bank acquired a new stake in J.B. Hunt Transport Services during the 4th quarter worth approximately $185,299,000. Royal Bank of Canada lifted its stake in J.B. Hunt Transport Services by 437.9% in the third quarter. Royal Bank of Canada now owns 244,091 shares of the transportation company’s stock valued at $46,016,000 after buying an additional 198,713 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in J.B. Hunt Transport Services by 24.7% in the third quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company’s stock valued at $167,664,000 after buying an additional 176,027 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $157.62 on Friday. J.B. Hunt Transport Services, Inc. has a 12-month low of $155.43 and a 12-month high of $219.51. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 25.02, a P/E/G ratio of 1.79 and a beta of 1.17. The stock’s 50 day moving average price is $177.41 and its two-hundred day moving average price is $190.18. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The business 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 year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services’s payout ratio is presently 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In related news, CEO John N. Roberts purchased 6,200 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO John N. Roberts bought 6,200 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were bought at an average price of $161.06 per share, with a total value of $998,572.00. Following the completion of the transaction, the chief executive officer now owns 313,955 shares of the company’s stock, valued at $50,565,592.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick J. Ottensmeyer bought 5,000 shares of the stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

JBHT has been the topic of several research reports. Stephens reduced their target price on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Loop Capital reduced their price target on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. JPMorgan Chase & Co. lowered their price objective on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Barclays cut their price objective on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Finally, StockNews.com raised shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $194.24.

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.