J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stake Lowered by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp cut its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 17.8% in the 4th quarter, Holdings Channel reports. The firm owned 4,763 shares of the transportation company’s stock after selling 1,029 shares during the quarter. Alaska Permanent Fund Corp’s holdings in J.B. Hunt Transport Services were worth $951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in JBHT. JPMorgan Chase & Co. grew its holdings in J.B. Hunt Transport Services by 184.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after buying an additional 1,397,651 shares in the last quarter. Royal Bank of Canada grew its holdings in J.B. Hunt Transport Services by 437.9% in the 3rd quarter. Royal Bank of Canada now owns 244,091 shares of the transportation company’s stock worth $46,016,000 after buying an additional 198,713 shares in the last quarter. American Century Companies Inc. grew its holdings in J.B. Hunt Transport Services by 24.7% in the 3rd quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company’s stock worth $167,664,000 after buying an additional 176,027 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in J.B. Hunt Transport Services by 229.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 126,629 shares of the transportation company’s stock worth $23,872,000 after buying an additional 88,233 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in J.B. Hunt Transport Services in the third quarter worth approximately $15,652,000. 74.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of research analyst reports. Bank of America cut their target price on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Benchmark reissued a “buy” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Loop Capital cut their target price on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. StockNews.com downgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Finally, Raymond James upped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $194.24.

Insider Activity at J.B. Hunt Transport Services

In related news, insider Alfred C. Harper sold 6,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer acquired 5,000 shares of J.B. Hunt Transport Services stock in a transaction on 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 completion of the purchase, the director now owns 5,000 shares in the company, valued at $1,014,950. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the transaction, the insider now directly owns 42,411 shares in the company, valued at $9,021,243.81. The disclosure for this sale can be found here. Insiders sold a total of 15,454 shares of company stock valued at $3,283,219 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $162.74 on Friday. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.17 and a beta of 1.11. The company has a 50 day moving average of $193.82 and a 200-day moving average of $192.25. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a 1-year low of $160.07 and a 1-year high of $219.51.

J.B. Hunt Transport Services Profile

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.