J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Barclays PLC

Barclays PLC cut its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) by 40.4% during the third quarter, HoldingsChannel.com reports. The firm owned 97,642 shares of the transportation company’s stock after selling 66,244 shares during the period. Barclays PLC’s holdings in J.B. Hunt Transport Services were worth $15,271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ronald Blue Trust Inc. grew its stake in J.B. Hunt Transport Services by 67.3% in the 3rd quarter. Ronald Blue Trust Inc. now owns 169 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 68 shares during the last quarter. Private Trust Co. NA acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at about $32,000. First Horizon Advisors Inc. grew its stake in J.B. Hunt Transport Services by 1,809.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 210 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 199 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in J.B. Hunt Transport Services by 69.1% in the 2nd quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 85 shares during the last quarter. Finally, Newfound Research LLC acquired a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at about $40,000. 74.93% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Trading Down 0.9 %

NASDAQ JBHT opened at $191.88 on Wednesday. J.B. Hunt Transport Services, Inc. has a one year low of $153.92 and a one year high of $218.18. The company’s 50 day moving average price is $179.54 and its 200 day moving average price is $175.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 1.38. The firm has a market capitalization of $19.87 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.38 and a beta of 1.12.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last posted its quarterly earnings results on Wednesday, January 18th. The transportation company reported $1.92 EPS for the quarter, missing the consensus estimate of $2.45 by ($0.53). J.B. Hunt Transport Services had a net margin of 6.54% and a return on equity of 28.20%. The business had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the business posted $2.28 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 9.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Friday, February 10th will be issued a $0.42 dividend. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, February 9th. This represents a $1.68 annualized dividend and a yield of 0.88%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 17.39%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Shelley Simpson sold 7,000 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $186.02, for a total value of $1,302,140.00. Following the completion of the sale, the executive vice president now owns 77,630 shares of the company’s stock, valued at $14,440,732.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 1,000 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $177.16, for a total value of $177,160.00. Following the completion of the sale, the executive vice president now owns 3,060 shares of the company’s stock, valued at $542,109.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Shelley Simpson sold 7,000 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $186.02, for a total transaction of $1,302,140.00. Following the completion of the sale, the executive vice president now directly owns 77,630 shares of the company’s stock, valued at approximately $14,440,732.60. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of research reports. Evercore ISI lowered their price objective on shares of J.B. Hunt Transport Services to $194.00 in a research note on Thursday, October 20th. Loop Capital decreased their price target on shares of J.B. Hunt Transport Services from $191.00 to $173.00 in a research note on Friday, January 20th. Raymond James raised their price target on shares of J.B. Hunt Transport Services from $195.00 to $203.00 and gave the stock an “outperform” rating in a research note on Thursday, January 19th. Credit Suisse Group raised their price target on shares of J.B. Hunt Transport Services from $194.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, January 19th. Finally, Susquehanna raised their price target on shares of J.B. Hunt Transport Services from $168.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.39.

About J.B. Hunt Transport Services

(Get Rating)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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