J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 21.5% during the fourth quarter, Holdings Channel reports. The firm owned 198,255 shares of the transportation company’s stock after selling 54,458 shares during the quarter. BNP Paribas Financial Markets’ holdings in J.B. Hunt Transport Services were worth $38,529,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Hartford Funds Management Co LLC lifted its stake in J.B. Hunt Transport Services by 1.2% during the fourth quarter. Hartford Funds Management Co LLC now owns 4,189 shares of the transportation company’s stock worth $814,000 after purchasing an additional 49 shares in the last quarter. Whittier Trust Co. lifted its stake in J.B. Hunt Transport Services by 39.1% during the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after purchasing an additional 50 shares in the last quarter. Huntington National Bank lifted its stake in J.B. Hunt Transport Services by 6.7% during the fourth quarter. Huntington National Bank now owns 798 shares of the transportation company’s stock worth $155,000 after purchasing an additional 50 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in J.B. Hunt Transport Services by 1.6% during the fourth quarter. Verdence Capital Advisors LLC now owns 3,324 shares of the transportation company’s stock worth $646,000 after purchasing an additional 51 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of J.B. Hunt Transport Services by 4.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,508 shares of the transportation company’s stock valued at $202,000 after acquiring an additional 65 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JBHT has been the topic of several analyst reports. Wells Fargo & Company increased their price objective on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. BMO Capital Markets increased their price objective on J.B. Hunt Transport Services from $245.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Barclays increased their price objective on J.B. Hunt Transport Services from $200.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Evercore reiterated an “outperform” rating and issued a $248.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, May 11th. Finally, Truist Financial increased their price objective on J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $228.17.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Spencer Frazier sold 2,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total value of $516,400.00. Following the transaction, the executive vice president owned 4,604 shares of the company’s stock, valued at $1,188,752.80. This represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Nicholas Hobbs sold 1,272 shares of the stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the completion of the transaction, the chief operating officer directly owned 91,736 shares in the company, valued at $23,002,802. This trade represents a 1.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,916 shares of company stock valued at $4,109,634 over the last ninety days. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $280.05 on Thursday. The firm has a market capitalization of $26.41 billion, a PE ratio of 43.35, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30. The business’s fifty day moving average price is $242.06 and its 200 day moving average price is $216.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $281.62.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.J.B. Hunt Transport Services’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.