J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. reduced its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,129,295 shares of the transportation company’s stock after selling 364,400 shares during the period. T. Rowe Price Investment Management Inc. owned about 3.15% of J.B. Hunt Transport Services worth $462,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its position in J.B. Hunt Transport Services by 13.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 1,209 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of J.B. Hunt Transport Services in the first quarter valued at about $1,746,000. Bessemer Group Inc. grew its holdings in shares of J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 120 shares during the period. SG Americas Securities LLC grew its holdings in shares of J.B. Hunt Transport Services by 179.8% in the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock valued at $590,000 after purchasing an additional 2,564 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in J.B. Hunt Transport Services by 8.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after buying an additional 494 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on JBHT. Stifel Nicolaus lowered their target price on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Wednesday, July 16th. JPMorgan Chase & Co. increased their target price on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Truist Financial increased their target price on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, July 16th. The Goldman Sachs Group set a $164.00 target price on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Finally, Citigroup reaffirmed a “buy” rating and set a $170.00 target price (down previously from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.90.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee bought 1,148 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the acquisition, the executive vice president directly owned 7,397 shares in the company, valued at $1,041,201.72. The trade was a 18.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Keefauver sold 989 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the sale, the executive vice president directly owned 946 shares in the company, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

J.B. Hunt Transport Services Stock Up 3.3%

Shares of JBHT opened at $147.23 on Wednesday. The stock has a market capitalization of $14.25 billion, a PE ratio of 26.77, a P/E/G ratio of 2.19 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. The company’s 50-day simple moving average is $145.82 and its 200-day simple moving average is $146.52.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.32 EPS. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 32.00%.

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.