Raymond James & Associates Sells 5,821 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Raymond James & Associates cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) by 21.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,695 shares of the transportation company’s stock after selling 5,821 shares during the period. Raymond James & Associates’ holdings in J.B. Hunt Transport Services were worth $3,783,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Allworth Financial LP raised its position in shares of J.B. Hunt Transport Services by 141.8% during the 4th quarter. Allworth Financial LP now owns 162 shares of the transportation company’s stock valued at $28,000 after buying an additional 95 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of J.B. Hunt Transport Services by 69.1% in the second 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 period. Exchange Traded Concepts LLC purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $42,000. Stonebridge Capital Advisors LLC increased its position in shares of J.B. Hunt Transport Services by 57.6% in the first quarter. Stonebridge Capital Advisors LLC now owns 238 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 87 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in shares of J.B. Hunt Transport Services by 79.6% in the first quarter. Parkside Financial Bank & Trust now owns 273 shares of the transportation company’s stock valued at $55,000 after acquiring an additional 121 shares during the period. 74.93% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Eric Mcgee sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $175.30, for a total transaction of $210,360.00. Following the completion of the transaction, the executive vice president now directly owns 1,210 shares of the company’s stock, valued at $212,113. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, EVP Stuart Lockard Scott sold 2,458 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $178.34, for a total transaction of $438,359.72. Following the completion of the sale, the executive vice president now directly owns 29,126 shares of the company’s stock, valued at $5,194,330.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Eric Mcgee sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $175.30, for a total transaction of $210,360.00. Following the sale, the executive vice president now directly owns 1,210 shares of the company’s stock, valued at $212,113. The disclosure for this sale can be found here. Insiders sold 7,158 shares of company stock valued at $1,264,895 over the last three months. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JBHT shares. JPMorgan Chase & Co. raised shares of J.B. Hunt Transport Services from a “neutral” rating to an “overweight” rating and set a $204.00 target price on the stock in a research note on Thursday, May 11th. Deutsche Bank Aktiengesellschaft cut their target price on shares of J.B. Hunt Transport Services from $214.00 to $207.00 in a research note on Monday, March 20th. Evercore ISI cut their target price on shares of J.B. Hunt Transport Services from $200.00 to $191.00 in a research note on Tuesday, April 18th. Raymond James cut their target price on shares of J.B. Hunt Transport Services from $200.00 to $195.00 and set an “outperform” rating on the stock in a research note on Friday, April 14th. Finally, Stephens cut their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and a consensus price target of $189.67.

J.B. Hunt Transport Services Trading Up 1.6 %

Shares of NASDAQ JBHT opened at $170.97 on Friday. The firm’s 50 day moving average price is $172.78 and its 200-day moving average price is $179.04. The company has a market cap of $17.72 billion, a PE ratio of 19.43, a P/E/G ratio of 1.34 and a beta of 1.13. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.92 and a 52-week high of $200.64. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.17 and a current ratio of 1.17.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last issued its earnings results on Monday, April 17th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.12 by ($0.23). The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.42 billion. J.B. Hunt Transport Services had a return on equity of 25.85% and a net margin of 6.35%. The company’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 EPS. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 8.56 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, May 12th will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, May 11th. This represents a $1.68 annualized dividend and a dividend yield of 0.98%. J.B. Hunt Transport Services’s payout ratio is 19.09%.

J.B. Hunt Transport Services Profile

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J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.