J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Munich Reinsurance Co Stock Corp in Munich

Munich Reinsurance Co Stock Corp in Munich lessened its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 73.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,494 shares of the transportation company’s stock after selling 12,281 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in J.B. Hunt Transport Services were worth $952,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in JBHT. International Assets Investment Management LLC acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $32,000. Whittier Trust Co. grew its holdings in J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after acquiring an additional 50 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after acquiring an additional 48 shares in the last quarter. Activest Wealth Management increased its position in shares of J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 198 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at approximately $31,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, insider Bradley W. Hicks sold 7,644 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $261.91, for a total value of $2,002,040.04. Following the completion of the sale, the insider owned 23,982 shares in the company, valued at approximately $6,281,125.62. The trade was a 24.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 703 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the sale, the executive vice president directly owned 790 shares of the company’s stock, valued at $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 18,119 shares of company stock worth $4,736,095. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of several recent analyst reports. Argus set a $285.00 price objective on shares of J.B. Hunt Transport Services in a research report on Monday, April 20th. Wall Street Zen raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Sunday, June 7th. Raymond James Financial restated an “outperform” rating and issued a $240.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 15th. Stifel Nicolaus lifted their price target on J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, April 2nd. Finally, Benchmark upped their price objective on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $250.65.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $282.61 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $294.98. The firm has a market capitalization of $26.65 billion, a P/E ratio of 43.75, a P/E/G ratio of 2.05 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The company’s fifty day moving average price is $269.60 and its 200 day moving average price is $234.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.04. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. J.B. Hunt Transport Services’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 7.29 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio is 27.86%.

J.B. Hunt Transport Services Company 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.