Handelsbanken Fonder AB lowered its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 6.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 62,426 shares of the transportation company's stock after selling 4,446 shares during the quarter. Handelsbanken Fonder AB owned about 0.06% of J.B. Hunt Transport Services worth $9,236,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its stake in J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after purchasing an additional 86 shares during the last quarter. LPL Financial LLC grew its position in shares of J.B. Hunt Transport Services by 56.7% in the 4th quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock valued at $11,810,000 after buying an additional 25,034 shares during the last quarter. Keybank National Association OH purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at $255,000. Proficio Capital Partners LLC purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at $7,815,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of J.B. Hunt Transport Services by 10.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,199 shares of the transportation company's stock valued at $205,000 after buying an additional 112 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.
J.B. Hunt Transport Services Stock Performance
Shares of JBHT stock traded up $2.64 during mid-day trading on Monday, hitting $142.49. The stock had a trading volume of 944,263 shares, compared to its average volume of 997,105. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The firm has a market cap of $14.13 billion, a PE ratio of 25.63, a PEG ratio of 1.61 and a beta of 1.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The company's 50-day simple moving average is $137.41 and its 200-day simple moving average is $155.91.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.24%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.
Insider Activity
In related news, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $175.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Stifel Nicolaus set a $150.00 price target on J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft began coverage on J.B. Hunt Transport Services in a research note on Friday, March 7th. They set a "hold" rating and a $167.00 price target on the stock. TD Cowen dropped their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Finally, Truist Financial reduced their price target on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $161.90.
Read Our Latest Stock Analysis on JBHT
J.B. Hunt Transport Services Company Profile
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Free Report)
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.
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