Vanguard Group Inc. Boosts Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Vanguard Group Inc. increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,048,462 shares of the transportation company's stock after buying an additional 195,873 shares during the quarter. Vanguard Group Inc. owned 10.13% of J.B. Hunt Transport Services worth $1,486,670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP lifted its position in shares of J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after buying an additional 147 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after buying an additional 109 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 22.4% during the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after buying an additional 120 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock worth $108,000 after buying an additional 85 shares during the last quarter. Finally, NBC Securities Inc. increased its holdings in J.B. Hunt Transport Services by 112,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,130 shares of the transportation company's stock worth $167,000 after purchasing an additional 1,129 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock traded down $0.39 during mid-day trading on Friday, reaching $144.06. 98,685 shares of the company's stock were exchanged, compared to its average volume of 1,123,950. The business's fifty day simple moving average is $145.70 and its 200 day simple moving average is $147.27. The firm has a market capitalization of $13.95 billion, a PE ratio of 26.22, a P/E/G ratio of 2.24 and a beta of 1.29. 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 quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $2.93 billion for the quarter, compared to the consensus estimate 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 business's revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 earnings per share. On average, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a $0.44 dividend. The ex-dividend date is 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 presently 32.00%.

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

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president directly owned 946 shares in the company, valued at $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 available through the SEC website. Also, EVP Eric Mcgee bought 1,148 shares of the stock in a transaction on Monday, August 4th. The stock was purchased at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the purchase, the executive vice president owned 7,397 shares of the company's stock, valued at approximately $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 Ratings Changes

A number of equities analysts have issued reports on JBHT shares. Stifel Nicolaus lowered their target price on J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating for the company in a report on Wednesday, July 16th. Baird R W raised J.B. Hunt Transport Services to a "strong-buy" rating in a report on Tuesday, July 1st. The Goldman Sachs Group set a $164.00 price target on J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Truist Financial increased their price target on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Finally, Citigroup reissued a "buy" rating and issued a $170.00 price target (down previously from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $164.90.

About J.B. Hunt Transport Services

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.