Royal Bank of Canada Has $37.33 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Royal Bank of Canada cut its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,726 shares of the transportation company's stock after selling 5,780 shares during the period. Royal Bank of Canada owned approximately 0.22% of J.B. Hunt Transport Services worth $37,328,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of JBHT. Barclays PLC raised its position in shares of J.B. Hunt Transport Services by 37.5% during the third quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock worth $40,698,000 after purchasing an additional 64,380 shares during the period. Merit Financial Group LLC acquired a new stake in shares of J.B. Hunt Transport Services during the fourth quarter valued at approximately $253,000. Ameritas Advisory Services LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $368,000. MassMutual Private Wealth & Trust FSB boosted its stake in J.B. Hunt Transport Services by 155.7% in 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 position in 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 in the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock traded down $0.20 during trading on Wednesday, hitting $139.81. 83,918 shares of the company's stock traded hands, compared to its average volume of 984,393. The company has a market cap of $13.87 billion, a PE ratio of 25.21, a PEG ratio of 1.61 and a beta of 1.33. The firm's fifty day moving average price is $138.33 and its 200 day moving average price is $160.66. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its 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 return on equity of 14.05% and a net margin of 4.72%. Analysts forecast 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 company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is 31.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Citigroup decreased their price objective on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a "hold" rating and a $167.00 price target on the stock. Raymond James lowered their target price on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Truist Financial reduced their price target on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Finally, TD Cowen cut their price objective on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and a consensus target price of $162.00.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. This trade represents a 6.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Nicholas Hobbs purchased 1,529 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were acquired 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 of the company's stock, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services 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.