J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 212,149 shares of the transportation company's stock after selling 32,086 shares during the quarter. Nuveen Asset Management LLC owned 0.21% of J.B. Hunt Transport Services worth $36,205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of J.B. Hunt Transport Services by 37.5% in the third quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock worth $40,698,000 after buying an additional 64,380 shares during the last quarter. Merit Financial Group LLC acquired a new position in J.B. Hunt Transport Services in the fourth quarter valued at approximately $253,000. Ameritas Advisory Services LLC purchased a new stake in J.B. Hunt Transport Services in the 4th quarter worth approximately $368,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of J.B. Hunt Transport Services by 155.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company's stock worth $92,000 after purchasing an additional 327 shares during the period. Finally, Perpetual Ltd grew its stake in shares of J.B. Hunt Transport Services by 64.3% during the 4th quarter. Perpetual Ltd now owns 4,268 shares of the transportation company's stock worth $728,000 after purchasing an additional 1,670 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on JBHT shares. Truist Financial decreased their target price on shares of J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Susquehanna set a $140.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a "neutral" rating in a research report on Wednesday, April 16th. Barclays lowered their target price on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Stifel Nicolaus set a $150.00 price target on J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Finally, Citigroup lowered their price target on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $162.00.

J.B. Hunt Transport Services Price Performance

JBHT traded down $1.61 during trading on Monday, reaching $137.42. The company's stock had a trading volume of 793,098 shares, compared to its average volume of 988,579. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $138.67 and a two-hundred day simple moving average of $161.19. 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 $13.63 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.61 and a beta of 1.33.

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 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion for 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%. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.44 per share. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.28%. J.B. Hunt Transport Services's payout ratio is 31.94%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares of the company's stock, valued at $2,881,282.74. This represents a 6.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Nicholas Hobbs purchased 1,529 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the transaction, the chief operating officer now 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. 2.30% of the stock is currently owned by 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.