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

Royal Bank of Canada reduced its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 218,726 shares of the transportation company's stock after selling 5,780 shares during the period. Royal Bank of Canada owned about 0.22% of J.B. Hunt Transport Services worth $37,328,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its holdings in J.B. Hunt Transport Services by 37.5% in the 3rd quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock valued at $40,698,000 after buying an additional 64,380 shares during the period. Merit Financial Group LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at $253,000. Ameritas Advisory Services LLC acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth $368,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of J.B. Hunt Transport Services by 155.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 537 shares of the transportation company's stock valued at $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 fourth quarter. Perpetual Ltd now owns 4,268 shares of the transportation company's stock valued at $728,000 after acquiring an additional 1,670 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Down 1.2%

JBHT stock traded down $1.61 during mid-day trading on Friday, hitting $137.42. 793,098 shares of the company were exchanged, compared to its average volume of 988,579. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The firm's 50 day simple moving average is $138.67 and its 200 day simple moving average is $161.19. The firm has a market cap of $13.63 billion, a P/E ratio of 24.72, a P/E/G ratio of 1.61 and a beta of 1.33.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued 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 business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. On average, sell-side 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 company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were issued a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.28%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.94%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were acquired at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the purchase, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Susquehanna set a $140.00 price target on J.B. Hunt Transport Services and gave the company a "neutral" rating in a research report on Wednesday, April 16th. Stifel Nicolaus set a $150.00 target price on J.B. Hunt Transport Services in a research note on Wednesday, April 16th. The Goldman Sachs Group lowered their price objective on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, UBS Group dropped their price target on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $162.00.

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.