Truist Financial Corp Has $3.33 Million Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Truist Financial Corp raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,678 shares of the transportation company’s stock after acquiring an additional 285 shares during the period. Truist Financial Corp’s holdings in J.B. Hunt Transport Services were worth $3,331,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of J.B. Hunt Transport Services by 3.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,289 shares of the transportation company’s stock worth $8,349,000 after acquiring an additional 1,359 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of J.B. Hunt Transport Services by 2.0% in the third quarter. Mackenzie Financial Corp now owns 7,347 shares of the transportation company’s stock valued at $1,372,000 after purchasing an additional 144 shares in the last quarter. Strs Ohio boosted its position in shares of J.B. Hunt Transport Services by 1.3% during the third quarter. Strs Ohio now owns 83,488 shares of the transportation company’s stock valued at $15,739,000 after buying an additional 1,065 shares during the last quarter. IFM Investors Pty Ltd grew its holdings in J.B. Hunt Transport Services by 7.7% during the third quarter. IFM Investors Pty Ltd now owns 18,048 shares of the transportation company’s stock worth $3,402,000 after buying an additional 1,294 shares in the last quarter. Finally, Advisor Partners II LLC raised its position in J.B. Hunt Transport Services by 5.2% in the 3rd quarter. Advisor Partners II LLC now owns 4,604 shares of the transportation company’s stock valued at $868,000 after buying an additional 226 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JBHT shares. TD Cowen cut their price objective on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Bank of America decreased their price objective on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Raymond James boosted their target price on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. Loop Capital dropped their price target on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Finally, StockNews.com upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.24.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock opened at $168.11 on Wednesday. The firm’s 50 day moving average is $186.80 and its 200 day moving average is $190.93. The stock has a market capitalization of $17.35 billion, a P/E ratio of 26.68, a PEG ratio of 2.23 and a beta of 1.17. J.B. Hunt Transport Services, Inc. has a 12 month low of $160.07 and a 12 month high of $219.51. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.72 annualized dividend and a dividend yield of 1.02%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In related news, CEO John N. Roberts acquired 6,200 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now owns 313,955 shares in the company, valued at approximately $50,565,592.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO John N. Roberts acquired 6,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average price of $161.06 per share, with a total value of $998,572.00. Following the completion of the purchase, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patrick J. Ottensmeyer bought 5,000 shares of the stock in a transaction on Monday, March 4th. The stock was purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $1,014,950. The disclosure for this purchase can be found here. Insiders sold 15,454 shares of company stock valued at $3,283,219 over the last three months. Company insiders own 2.10% of the company’s stock.

About J.B. Hunt Transport Services

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.