TD Asset Management Inc Reduces Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

TD Asset Management Inc lowered its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 51.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,325 shares of the transportation company’s stock after selling 106,222 shares during the quarter. TD Asset Management Inc owned 0.11% of J.B. Hunt Transport Services worth $13,595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of J.B. Hunt Transport Services by 74.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after buying an additional 6,668 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in J.B. Hunt Transport Services by 3.3% during the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after acquiring an additional 13,729 shares during the period. Empowered Funds LLC raised its position in J.B. Hunt Transport Services by 27.8% during the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after acquiring an additional 385 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in J.B. Hunt Transport Services during the second quarter valued at approximately $539,000. Finally, Bessemer Group Inc. lifted its holdings in J.B. Hunt Transport Services by 69.8% in the second quarter. Bessemer Group Inc. now owns 1,114 shares of the transportation company’s stock valued at $160,000 after acquiring an additional 458 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at J.B. Hunt Transport Services

In related news, CFO Albert Brad Delco sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $227.25, for a total transaction of $227,250.00. Following the transaction, the chief financial officer owned 6,983 shares in the company, valued at approximately $1,586,886.75. This trade represents a 12.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bradley W. Hicks sold 4,028 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $225.13, for a total value of $906,823.64. Following the transaction, the insider directly owned 30,395 shares in the company, valued at $6,842,826.35. This trade represents a 11.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 29,091 shares of company stock valued at $6,148,023. 2.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Trading Up 2.3%

Shares of JBHT stock opened at $233.41 on Monday. The stock’s fifty day moving average is $211.37 and its two-hundred day moving average is $176.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.81 and a current ratio of 0.83. The firm has a market capitalization of $22.08 billion, a P/E ratio of 38.01, a PEG ratio of 1.90 and a beta of 1.23. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $234.82.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, January 15th. The transportation company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.09. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.10 billion. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.53 earnings per share. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, February 6th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 29.32%.

Analysts Set New Price Targets

JBHT has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft set a $227.00 price objective on shares of J.B. Hunt Transport Services in a report on Thursday, December 11th. Citigroup lowered shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and increased their target price for the stock from $175.00 to $221.00 in a research note on Wednesday, January 7th. Barclays lifted their price target on J.B. Hunt Transport Services from $150.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Finally, Truist Financial upped their price target on J.B. Hunt Transport Services from $155.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.00.

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.