Assenagon Asset Management S.A. Sells 214,037 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Assenagon Asset Management S.A. decreased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 96.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,803 shares of the transportation company's stock after selling 214,037 shares during the period. Assenagon Asset Management S.A.'s holdings in J.B. Hunt Transport Services were worth $1,007,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. National Pension Service bought a new position in J.B. Hunt Transport Services in the 4th quarter worth approximately $30,000. BankPlus Trust Department purchased a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth $34,000. EverSource Wealth Advisors LLC boosted its position in shares of J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock worth $56,000 after acquiring an additional 134 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of J.B. Hunt Transport Services by 33.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after acquiring an additional 86 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in J.B. Hunt Transport Services by 140.4% during the fourth quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company's stock valued at $62,000 after acquiring an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. UBS Group dropped their price objective on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Raymond James Financial decreased their target price on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group restated a "neutral" rating and set a $164.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, June 2nd. Truist Financial decreased their price objective on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. Finally, Benchmark reiterated a "buy" rating and set a $175.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and a consensus price target of $161.90.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, April 23rd. The shares were acquired at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by company insiders.

J.B. Hunt Transport Services Trading Up 0.4%

Shares of JBHT stock traded up $0.62 during trading hours on Friday, reaching $139.63. 1,876,544 shares of the stock were exchanged, compared to its average volume of 997,846. The firm has a market capitalization of $13.85 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The company's 50-day moving average price is $137.53 and its 200-day moving average price is $154.81. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 14.07%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is currently 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.