Raymond James Financial Inc. Has $4.71 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Raymond James Financial Inc. has reduced its holdings in J.B. Hunt Transport Services by 9.8%, now owning 31,857 shares worth approximately $4.71 million.
• J.B. Hunt's stock was recently downgraded by UBS Group from a "buy" to a "neutral" rating, with a price target adjustment from $155 to $157.
• The company declared a quarterly dividend of $0.44 per share, which represents an annual yield of 1.2% and a payout ratio of 32%.

Raymond James Financial Inc. reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 9.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,857 shares of the transportation company's stock after selling 3,475 shares during the quarter. Raymond James Financial Inc.'s holdings in J.B. Hunt Transport Services were worth $4,713,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JBHT. Schonfeld Strategic Advisors LLC lifted its position in J.B. Hunt Transport Services by 164.0% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 5,137 shares of the transportation company's stock valued at $877,000 after acquiring an additional 3,191 shares in the last quarter. BNP Paribas Financial Markets lifted its position in J.B. Hunt Transport Services by 44.9% in the 4th quarter. BNP Paribas Financial Markets now owns 157,385 shares of the transportation company's stock valued at $26,859,000 after acquiring an additional 48,795 shares in the last quarter. Bank of America Corp DE lifted its position in J.B. Hunt Transport Services by 2.0% in the 4th quarter. Bank of America Corp DE now owns 365,364 shares of the transportation company's stock valued at $62,353,000 after acquiring an additional 7,080 shares in the last quarter. Baird Financial Group Inc. lifted its position in J.B. Hunt Transport Services by 8.7% in the 4th quarter. Baird Financial Group Inc. now owns 3,801 shares of the transportation company's stock valued at $649,000 after acquiring an additional 303 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its position in J.B. Hunt Transport Services by 97.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 5,672 shares of the transportation company's stock valued at $968,000 after acquiring an additional 2,801 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee purchased 1,148 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were acquired at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP David Keefauver sold 989 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the transaction, the executive vice president owned 946 shares in the company, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on JBHT. Stifel Nicolaus cut their price objective 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. JPMorgan Chase & Co. boosted their price target on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Robert W. Baird started 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 price target on the stock. UBS Group cut shares of J.B. Hunt Transport Services from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $155.00 to $157.00 in a research report on Friday, September 5th. Finally, Truist Financial boosted their price target on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $165.00.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock traded up $4.51 during trading on Thursday, hitting $141.45. 1,084,212 shares of the stock were exchanged, compared to its average volume of 1,001,035. The stock has a market capitalization of $13.69 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.28. The company has a fifty day moving average price of $145.94 and a 200-day moving average price of $143.82. 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 current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released 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). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 earnings per share. As a group, equities analysts predict 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 business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.44 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. J.B. Hunt Transport Services's dividend payout ratio is 32.00%.

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.