US Bancorp DE Has $5.49 Million Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• US Bancorp DE reduced its holdings in J.B. Hunt Transport Services by 18.5% during the 2nd quarter, now owning 38,257 shares valued at approximately $5.49 million.
• Institutional investors and hedge funds own 74.95% of J.B. Hunt's stock, reflecting strong institutional interest in the company.
• Recent analyst ratings for J.B. Hunt Transport Services show a mix of outlooks, with targets ranging from $155.00 to $170.00 and an average rating of "Moderate Buy."

US Bancorp DE cut its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 18.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,257 shares of the transportation company's stock after selling 8,699 shares during the period. US Bancorp DE's holdings in J.B. Hunt Transport Services were worth $5,494,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC raised its holdings in J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock worth $29,000 after purchasing an additional 196 shares during the period. Allworth Financial LP raised its holdings in J.B. Hunt Transport Services by 167.0% in the first quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after purchasing an additional 147 shares during the period. National Pension Service raised its holdings in J.B. Hunt Transport Services by 74.9% in the first quarter. National Pension Service now owns 306 shares of the transportation company's stock worth $45,000 after purchasing an additional 131 shares during the period. Farther Finance Advisors LLC raised its holdings in J.B. Hunt Transport Services by 38.6% in the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company's stock worth $45,000 after purchasing an additional 88 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in J.B. Hunt Transport Services by 49.3% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after purchasing an additional 109 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee acquired 1,148 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, August 4th. The stock was bought at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president directly owned 7,397 shares in the company, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services 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 directly owned 946 shares of the company's stock, 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. Corporate insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on JBHT shares. Sanford C. Bernstein set a $158.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a "market perform" rating in a report on Thursday. UBS Group lowered shares of J.B. Hunt Transport Services from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $155.00 to $157.00 in a report on Friday, September 5th. Evercore ISI dropped their price objective on shares of J.B. Hunt Transport Services from $159.00 to $155.00 and set an "outperform" rating on the stock in a report on Tuesday, September 30th. Citigroup dropped their price objective on shares of J.B. Hunt Transport Services from $170.00 to $163.00 and set a "buy" rating on the stock in a report on Monday. Finally, Robert W. Baird started coverage on shares of J.B. Hunt Transport Services in a report on Tuesday, July 1st. They set an "outperform" rating and a $169.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $159.67.

J.B. Hunt Transport Services Trading Up 0.8%

J.B. Hunt Transport Services stock opened at $138.12 on Tuesday. The firm has a 50-day moving average of $140.22 and a 200-day moving average of $140.91. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 2.16 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted 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). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the company earned $1.32 earnings per share. The company's quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal 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 paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio is currently 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.

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