Ameriprise Financial Inc. Has $27.15 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Ameriprise Financial Inc. decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 159,096 shares of the transportation company's stock after selling 5,931 shares during the quarter. Ameriprise Financial Inc. owned about 0.16% of J.B. Hunt Transport Services worth $27,151,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in J.B. Hunt Transport Services by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company's stock valued at $878,000 after purchasing an additional 61 shares during the period. Signaturefd LLC boosted its stake in J.B. Hunt Transport Services by 8.0% during the 4th quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock valued at $140,000 after purchasing an additional 61 shares during the period. Blue Trust Inc. boosted its stake in J.B. Hunt Transport Services by 18.6% during the 4th quarter. Blue Trust Inc. now owns 535 shares of the transportation company's stock valued at $92,000 after purchasing an additional 84 shares during the period. Smartleaf Asset Management LLC boosted its stake in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after purchasing an additional 86 shares during the period. Finally, Wahed Invest LLC boosted its stake in J.B. Hunt Transport Services by 4.6% during the 4th quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock valued at $355,000 after purchasing an additional 91 shares during the period. Institutional investors own 74.95% of the company's stock.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of research reports. The Goldman Sachs Group reduced their price objective on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Raymond James reduced their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company reduced their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Sanford C. Bernstein set a $148.00 price objective on J.B. Hunt Transport Services and gave the stock a "market perform" rating in a research report on Wednesday, April 16th. Finally, UBS Group cut their target price on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $162.00.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Nicholas Hobbs bought 1,529 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69% increase in their position. The disclosure for this purchase can be found here. Insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Price Performance

JBHT stock traded down $1.81 during midday trading on Monday, reaching $146.24. 791,503 shares of the company's stock traded hands, compared to its average volume of 983,425. The company has a 50-day simple moving average of $139.36 and a two-hundred day simple moving average of $162.50. 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 market cap of $14.51 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.61 and a beta of 1.33. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 9th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.20%. J.B. Hunt Transport Services's payout ratio is presently 31.94%.

About J.B. Hunt Transport Services

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.