First Trust Advisors LP decreased its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 20.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 83,030 shares of the transportation company’s stock after selling 21,994 shares during the quarter. First Trust Advisors LP owned 0.08% of J B Hunt Transport Services worth $7,658,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of JBHT. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of J B Hunt Transport Services by 23.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,199 shares of the transportation company’s stock worth $2,359,000 after purchasing an additional 3,896 shares during the period. Advisor Partners LLC increased its holdings in shares of J B Hunt Transport Services by 9.8% during the 4th quarter. Advisor Partners LLC now owns 2,709 shares of the transportation company’s stock worth $322,000 after purchasing an additional 242 shares during the period. Strs Ohio increased its holdings in shares of J B Hunt Transport Services by 5.7% during the 4th quarter. Strs Ohio now owns 11,309 shares of the transportation company’s stock worth $1,320,000 after purchasing an additional 609 shares during the period. Everence Capital Management Inc. increased its stake in J B Hunt Transport Services by 11.4% in the fourth quarter. Everence Capital Management Inc. now owns 5,270 shares of the transportation company’s stock valued at $615,000 after acquiring an additional 540 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in J B Hunt Transport Services by 68.8% in the fourth quarter. Russell Investments Group Ltd. now owns 25,040 shares of the transportation company’s stock valued at $2,921,000 after acquiring an additional 10,202 shares during the period. Institutional investors own 75.15% of the company’s stock.

Shares of JBHT stock opened at $106.11 on Friday. J B Hunt Transport Services Inc has a 1 year low of $75.29 and a 1 year high of $122.29. The firm’s 50 day moving average is $100.13 and its 200-day moving average is $106.95. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.66 and a beta of 0.95. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.57.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, April 14th. The transportation company reported $0.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.06). J B Hunt Transport Services had a return on equity of 24.76% and a net margin of 5.71%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. J B Hunt Transport Services’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that J B Hunt Transport Services Inc will post 4.27 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.02%. J B Hunt Transport Services’s payout ratio is 22.09%.

A number of analysts recently weighed in on the stock. TheStreet raised shares of J B Hunt Transport Services from a “c+” rating to a “b-” rating in a research note on Friday, May 8th. Credit Suisse Group lowered their target price on shares of J B Hunt Transport Services from $110.00 to $98.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. Zacks Investment Research raised shares of J B Hunt Transport Services from a “sell” rating to a “hold” rating and set a $64.00 target price on the stock in a research note on Tuesday, March 17th. Argus raised shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and upped their target price for the company from $100.00 to $115.00 in a research note on Friday, April 17th. Finally, Citigroup upped their target price on shares of J B Hunt Transport Services from $99.00 to $125.00 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $107.24.

In other news, CFO David G. Mee sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $105.80, for a total transaction of $1,269,600.00. Following the transaction, the chief financial officer now directly owns 142,590 shares in the company, valued at $15,086,022. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.51% of the stock is currently owned by corporate insiders.

J B Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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