Jefferies Financial Group Inc. lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 69.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,875 shares of the transportation company's stock after selling 6,394 shares during the quarter. Jefferies Financial Group Inc.'s holdings in J.B. Hunt Transport Services were worth $425,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of JBHT. Orion Portfolio Solutions LLC acquired a new stake in J.B. Hunt Transport Services in the fourth quarter valued at $211,000. O Shaughnessy Asset Management LLC increased its holdings in shares of J.B. Hunt Transport Services by 51.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,224 shares of the transportation company's stock valued at $721,000 after purchasing an additional 1,441 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of J.B. Hunt Transport Services by 10.9% in the fourth quarter. Wells Fargo & Company MN now owns 112,797 shares of the transportation company's stock valued at $19,250,000 after purchasing an additional 11,090 shares during the period. Resona Asset Management Co. Ltd. purchased a new stake in J.B. Hunt Transport Services during the fourth quarter worth about $4,278,000. Finally, Federated Hermes Inc. grew its position in J.B. Hunt Transport Services by 8.0% during the fourth quarter. Federated Hermes Inc. now owns 32,171 shares of the transportation company's stock worth $5,490,000 after buying an additional 2,372 shares during the period. Hedge funds and other institutional investors own 74.95% of the company's stock.
J.B. Hunt Transport Services Stock Performance
JBHT traded down $3.18 during midday trading on Thursday, reaching $140.33. The company's stock had a trading volume of 899,329 shares, compared to its average volume of 1,180,924. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $145.40 and a 200 day simple moving average of $148.33. The stock has a market cap of $13.58 billion, a P/E ratio of 25.51, a PEG ratio of 2.21 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the company posted $1.32 earnings per share. The firm's revenue was up .0% compared to the same quarter last year. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.
J.B. Hunt Transport Services Dividend Announcement
The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. J.B. Hunt Transport Services's dividend payout ratio is currently 32.00%.
Analyst Upgrades and Downgrades
Several research firms recently commented on JBHT. Baird R W upgraded shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. Robert W. Baird initiated coverage on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They set an "outperform" rating and a $169.00 target price for the company. Stifel Nicolaus lowered their price target on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating on the stock in a research report on Wednesday, July 16th. Truist Financial raised their price objective 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. Finally, Susquehanna upped their target price on J.B. Hunt Transport Services from $155.00 to $157.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and a consensus target price of $164.90.
Read Our Latest Research Report on J.B. Hunt Transport Services
Insider Buying and Selling at J.B. Hunt Transport Services
In related news, EVP David Keefauver sold 989 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the transaction, the executive vice president directly owned 946 shares in the company, valued at $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.30% of the company's stock.
J.B. Hunt Transport Services Company Profile
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Free Report)
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.
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