Robeco Institutional Asset Management B.V. Cuts Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Robeco Institutional Asset Management B.V. decreased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 77.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,625 shares of the transportation company's stock after selling 8,830 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in J.B. Hunt Transport Services were worth $377,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Summit Securities Group LLC increased its holdings in shares of J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock valued at $29,000 after acquiring an additional 196 shares during the last quarter. Allworth Financial LP increased its holdings in shares of J.B. Hunt Transport Services by 167.0% in the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock valued at $35,000 after acquiring an additional 147 shares during the last quarter. National Pension Service increased its holdings in shares of J.B. Hunt Transport Services by 74.9% in the 1st quarter. National Pension Service now owns 306 shares of the transportation company's stock valued at $45,000 after acquiring an additional 131 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company's stock valued at $45,000 after acquiring an additional 88 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in shares of J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock valued at $49,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $146.55 on Thursday. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The stock has a market capitalization of $14.19 billion, a P/E ratio of 26.65, a PEG ratio of 2.21 and a beta of 1.24. 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 business's fifty day moving average price is $140.38 and its 200 day moving average price is $141.26.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The company 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 company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.32 EPS. As a group, research 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a dividend of $0.44 per share. The ex-dividend date was Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.2%. J.B. Hunt Transport Services's payout ratio is currently 32.00%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 directly owned 946 shares in the company, valued at approximately $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Eric Mcgee bought 1,148 shares of the business's stock in a transaction on Monday, August 4th. The stock was purchased at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the transaction, the executive vice president directly owned 7,397 shares of the company's stock, valued at $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America decreased their target price on J.B. Hunt Transport Services from $171.00 to $153.00 and set a "buy" rating for the company in a research report on Tuesday, September 16th. Truist Financial upped their target price on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday. Weiss Ratings reissued a "hold (c-)" rating on shares of J.B. Hunt Transport Services in a research report on Wednesday. Finally, Susquehanna decreased their price objective on J.B. Hunt Transport Services from $157.00 to $145.00 and set a "neutral" rating for the company in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average price target of $159.52.

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.

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