Swiss National Bank Trims Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Swiss National Bank lessened its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 258,500 shares of the transportation company’s stock after selling 7,700 shares during the period. Swiss National Bank’s holdings in J.B. Hunt Transport Services were worth $51,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of JBHT. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of J.B. Hunt Transport Services by 3.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,289 shares of the transportation company’s stock worth $8,349,000 after buying an additional 1,359 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of J.B. Hunt Transport Services by 2.0% in the 3rd quarter. Mackenzie Financial Corp now owns 7,347 shares of the transportation company’s stock worth $1,372,000 after purchasing an additional 144 shares during the last quarter. Strs Ohio raised its stake in shares of J.B. Hunt Transport Services by 1.3% in the 3rd quarter. Strs Ohio now owns 83,488 shares of the transportation company’s stock valued at $15,739,000 after purchasing an additional 1,065 shares in the last quarter. AMF Tjanstepension AB raised its stake in shares of J.B. Hunt Transport Services by 84.5% in the 3rd quarter. AMF Tjanstepension AB now owns 14,573 shares of the transportation company’s stock valued at $2,747,000 after purchasing an additional 6,673 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its stake in J.B. Hunt Transport Services by 7.7% in the third quarter. IFM Investors Pty Ltd now owns 18,048 shares of the transportation company’s stock worth $3,402,000 after purchasing an additional 1,294 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Kevin Bracy sold 754 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the sale, the senior vice president now owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total transaction of $159,689.66. Following the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the completion of the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The disclosure for this sale can be found here. Insiders sold 15,454 shares of company stock worth $3,283,219 over the last three months. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JBHT. Stifel Nicolaus cut their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Robert W. Baird dropped their price target on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Susquehanna reduced their price objective on J.B. Hunt Transport Services from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. Evercore ISI lowered their target price on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. Finally, Benchmark restated a “buy” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $194.24.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $166.55 on Tuesday. The firm’s 50-day simple moving average is $187.59 and its 200 day simple moving average is $190.99. The stock has a market cap of $17.19 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.23 and a beta of 1.17. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $160.07 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

J.B. Hunt Transport Services Company Profile

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.