J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 96.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,432 shares of the transportation company's stock after selling 265,260 shares during the quarter. DAVENPORT & Co LLC's holdings in J.B. Hunt Transport Services were worth $1,395,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after buying an additional 1,024,295 shares during the period. Norges Bank purchased a new position in J.B. Hunt Transport Services in the fourth quarter worth approximately $146,618,000. Demars Financial Group LLC grew its position in J.B. Hunt Transport Services by 16,964.6% in the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock worth $104,113,000 after acquiring an additional 606,484 shares during the period. Thrivent Financial for Lutherans grew its position in J.B. Hunt Transport Services by 111.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock worth $163,237,000 after acquiring an additional 503,324 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its position in J.B. Hunt Transport Services by 2,408.1% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company's stock worth $36,502,000 after acquiring an additional 205,360 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 0.2%

Shares of NASDAQ:JBHT traded down $0.38 during trading on Wednesday, hitting $152.67. The company's stock had a trading volume of 913,886 shares, compared to its average volume of 1,001,317. The business has a 50 day moving average price of $142.08 and a two-hundred day moving average price of $152.30. The company has a market capitalization of $15.14 billion, a PE ratio of 27.71, a P/E/G ratio of 2.07 and a beta of 1.29. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.15 by $0.02. The business 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 net margin of 4.65% and a return on equity of 14.07%. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.15%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JBHT. Robert W. Baird began coverage on J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price objective for the company. Stifel Nicolaus set a $150.00 price objective on J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Stephens lowered their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Raymond James Financial lowered 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. Finally, UBS Group reiterated a "buy" rating on shares of J.B. Hunt Transport Services in a report on Tuesday. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and a consensus target price of $164.14.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs purchased 1,529 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was 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 directly owned 91,847 shares in the company, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Company 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.