Legal & General Group Plc Sells 136,360 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Legal & General Group Plc trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 28.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 351,348 shares of the transportation company’s stock after selling 136,360 shares during the period. Legal & General Group Plc’s holdings in J.B. Hunt Transport Services were worth $68,281,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of JBHT. Hantz Financial Services Inc. boosted its holdings in J.B. Hunt Transport Services by 52.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 220 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 76 shares during the period. CYBER HORNET ETFs LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at $31,000. Sentry Investment Management LLC bought a new position in J.B. Hunt Transport Services in the 3rd quarter valued at $32,000. International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services in the 4th quarter valued at $32,000. Finally, MUFG Securities EMEA plc bought a new position in J.B. Hunt Transport Services in the 2nd quarter valued at $34,000. 74.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Truist Financial raised their price target on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the company a “hold” rating in a report on Thursday, April 16th. Benchmark raised their price target on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the company a “buy” rating in a report on Friday, April 17th. Evercore reissued an “outperform” rating and issued a $248.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. BMO Capital Markets raised their price target on shares of J.B. Hunt Transport Services from $245.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Finally, Weiss Ratings downgraded shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $228.17.

Insider Activity

In related news, Director James K. Thompson sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $254.28, for a total value of $254,280.00. Following the transaction, the director owned 19,559 shares in the company, valued at $4,973,462.52. This trade represents a 4.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the completion of the transaction, the executive vice president owned 8,696 shares in the company, valued at approximately $2,213,045.04. The trade was a 31.51% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 15,916 shares of company stock worth $4,109,634. Corporate insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $276.43 on Friday. The firm’s fifty day moving average price is $237.42 and its 200-day moving average price is $214.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $26.07 billion, a P/E ratio of 42.79, a price-to-earnings-growth ratio of 2.03 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $277.85.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company posted $1.17 EPS. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.86%.

J.B. Hunt Transport Services Profile

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.