DAVENPORT & Co LLC Trims Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

DAVENPORT & Co LLC lessened its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,209 shares of the transportation company’s stock after selling 2,495 shares during the period. DAVENPORT & Co LLC owned approximately 0.25% of J.B. Hunt Transport Services worth $52,427,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in J.B. Hunt Transport Services by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 9,684,870 shares of the transportation company’s stock worth $1,944,626,000 after buying an additional 64,061 shares in the last quarter. BlackRock Inc. grew its stake 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 in the last quarter. State Street Corp grew its stake 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 in the last quarter. Durable Capital Partners LP lifted its holdings in shares of 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 acquiring an additional 570,831 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of 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 acquiring an additional 1,728,989 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, CFO John Kuhlow sold 3,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $213.00, for a total value of $745,500.00. Following the sale, the chief financial officer now directly owns 10,537 shares of the company’s stock, valued at approximately $2,244,381. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer bought 5,000 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $1,014,950. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John Kuhlow sold 3,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $213.00, for a total transaction of $745,500.00. Following the completion of the sale, the chief financial officer now directly owns 10,537 shares in the company, valued at $2,244,381. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,432 shares of company stock valued at $4,309,687. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of recent research reports. Raymond James boosted their price objective on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. BMO Capital Markets upgraded shares of J.B. Hunt Transport Services from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $200.00 to $220.00 in a report on Monday, December 11th. Susquehanna lowered their price objective on shares of J.B. Hunt Transport Services from $200.00 to $195.00 and set a “neutral” rating for the company in a report on Monday, March 25th. UBS Group upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $205.00 to $234.00 in a report on Monday, January 22nd. Finally, Benchmark restated a “buy” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.56.

Get Our Latest Stock Analysis on J.B. Hunt Transport Services

J.B. Hunt Transport Services Trading Down 0.8 %

J.B. Hunt Transport Services stock traded down $1.52 during mid-day trading on Tuesday, reaching $194.96. 532,677 shares of the company traded hands, compared to its average volume of 770,944. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.15. The firm’s 50 day moving average price is $203.79 and its 200 day moving average price is $193.27. The firm has a market capitalization of $20.14 billion, a price-to-earnings ratio of 27.97, a P/E/G ratio of 1.71 and a beta of 1.11. J.B. Hunt Transport Services, Inc. has a 52-week low of $164.39 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last issued its quarterly earnings data 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 company had revenue of $3.30 billion for 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 posted $1.92 earnings per share. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.77 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.43 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, February 8th. J.B. Hunt Transport Services’s payout ratio is presently 24.68%.

J.B. Hunt Transport Services Profile

(Free Report)

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.

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

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