Hsbc Holdings PLC Trims Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Hsbc Holdings PLC lessened its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 36.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 135,480 shares of the transportation company’s stock after selling 76,542 shares during the period. Hsbc Holdings PLC’s holdings in J.B. Hunt Transport Services were worth $26,371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JBHT. International Assets Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at $32,000. Whittier Trust Co. increased its holdings in shares of J.B. Hunt Transport Services by 39.1% in 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 during the period. CIBC Private Wealth Group LLC raised its position in shares of J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after buying an additional 48 shares in the last quarter. Activest Wealth Management raised its position in shares of J.B. Hunt Transport Services by 19,800.0% in the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after buying an additional 198 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at $31,000. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Trading Down 0.1%

Shares of JBHT stock opened at $269.06 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $261.30 and a two-hundred day moving average price of $228.11. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $293.54. The firm has a market cap of $25.37 billion, a P/E ratio of 41.65, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30.

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

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is presently 27.86%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley boosted their target price on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Wells Fargo & Company lifted their price target on J.B. Hunt Transport Services from $250.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. Raymond James Financial reissued an “outperform” rating and set a $240.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, April 15th. Bank of America upped their price objective on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Citigroup raised their target price on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.17.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the sale, the executive vice president directly owned 8,696 shares in the company, valued at approximately $2,213,045.04. The trade was a 31.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradley W. Hicks sold 7,644 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the completion of the sale, the insider owned 23,982 shares of the company’s stock, valued at approximately $6,281,125.62. The trade was a 24.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,119 shares of company stock valued at $4,736,095 over the last 90 days. Company insiders own 2.50% of the company’s stock.

About J.B. Hunt Transport Services

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.