J.P. Morgan Private Wealth Advisors LLC Lowers Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

J.P. Morgan Private Wealth Advisors LLC reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 2.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 32,292 shares of the transportation company’s stock after selling 746 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $6,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in J.B. Hunt Transport Services by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 9,684,870 shares of the transportation company’s stock worth $1,944,626,000 after purchasing an additional 64,061 shares during the period. BlackRock Inc. boosted its holdings in J.B. Hunt Transport Services by 6.8% in the 1st quarter. BlackRock Inc. now owns 6,714,693 shares of the transportation company’s stock worth $1,178,160,000 after buying an additional 429,256 shares during the last quarter. State Street Corp boosted its holdings in J.B. Hunt Transport Services by 1.9% in the 2nd quarter. State Street Corp now owns 3,371,883 shares of the transportation company’s stock worth $610,412,000 after buying an additional 64,295 shares during the last quarter. Durable Capital Partners LP boosted its holdings in J.B. Hunt Transport Services by 27.3% in the 2nd quarter. Durable Capital Partners LP now owns 2,662,285 shares of the transportation company’s stock worth $481,953,000 after buying an additional 570,831 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in J.B. Hunt Transport Services by 269.1% in the 4th quarter. Morgan Stanley now owns 2,371,613 shares of the transportation company’s stock worth $413,514,000 after buying an additional 1,728,989 shares during the last quarter. 73.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman James K. Thompson sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $206.48, for a total transaction of $825,920.00. Following the completion of the transaction, the chairman now owns 28,259 shares in the company, valued at $5,834,918.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Spencer Frazier sold 1,527 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $184.77, for a total value of $282,143.79. Following the completion of the sale, the executive vice president now directly owns 4,522 shares of the company’s stock, valued at $835,529.94. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman James K. Thompson sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $206.48, for a total transaction of $825,920.00. Following the completion of the sale, the chairman now directly owns 28,259 shares of the company’s stock, valued at $5,834,918.32. The disclosure for this sale can be found here. Insiders sold a total of 11,855 shares of company stock worth $2,317,087 over the last 90 days. Corporate insiders own 3.10% of the company’s stock.

J.B. Hunt Transport Services Stock Up 2.3 %

JBHT stock opened at $211.40 on Wednesday. The firm has a market cap of $21.80 billion, a PE ratio of 30.33, a PEG ratio of 1.77 and a beta of 1.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.11 and a current ratio of 1.18. J.B. Hunt Transport Services, Inc. has a one year low of $163.66 and a one year high of $212.33. The firm’s 50 day moving average price is $197.15 and its 200-day moving average price is $190.94.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last announced its earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.68% and a return on equity of 18.40%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 EPS. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.8 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 23rd. Shareholders of record on Friday, February 9th will be paid a $0.43 dividend. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, February 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.81%. J.B. Hunt Transport Services’s payout ratio is 24.10%.

Wall Street Analyst Weigh In

JBHT has been the topic of several research analyst reports. UBS Group upgraded J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $205.00 to $234.00 in a report on Monday, January 22nd. Morgan Stanley lowered their price objective on J.B. Hunt Transport Services from $169.00 to $165.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 18th. Barclays raised their target price on shares of J.B. Hunt Transport Services from $210.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th. Robert W. Baird reissued an “outperform” rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $188.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $206.37.

Read Our Latest Stock Report on JBHT

About J.B. Hunt Transport Services

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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