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Villere ST Denis J & Co. LLC Lowers Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

J.B. Hunt Transport Services logo with Transportation background

Villere ST Denis J & Co. LLC trimmed its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,151 shares of the transportation company's stock after selling 2,337 shares during the period. J.B. Hunt Transport Services makes up about 2.6% of Villere ST Denis J & Co. LLC's portfolio, making the stock its 19th biggest position. Villere ST Denis J & Co. LLC owned about 0.18% of J.B. Hunt Transport Services worth $26,801,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. National Pension Service acquired a new stake in J.B. Hunt Transport Services during the 4th quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after purchasing an additional 134 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock valued at $58,000 after purchasing an additional 86 shares in the last quarter. Intact Investment Management Inc. purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at approximately $67,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at approximately $107,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Trading Up 1.4%

J.B. Hunt Transport Services stock traded up $2.06 during midday trading on Friday, hitting $145.34. 900,781 shares of the stock were exchanged, compared to its average volume of 996,713. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 1.94 and a beta of 1.30. The stock's 50-day simple moving average is $138.76 and its 200 day simple moving average is $153.68. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 14.07%. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JBHT. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $164.00 target price on shares of J.B. Hunt Transport Services in a report on Monday, June 2nd. Stifel Nicolaus set a $150.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Bank of America boosted their price target on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a "hold" rating and a $167.00 price target for the company. Finally, Benchmark reaffirmed a "buy" rating and set a $175.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $162.65.

View Our Latest Research Report on J.B. Hunt Transport Services

Insiders Place Their Bets

In related news, COO Nicholas Hobbs bought 1,529 shares of the stock in a transaction on Wednesday, April 23rd. The stock was bought at an average price 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 $12,008,995.25. This represents a 1.69% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Profile

(Free Report)

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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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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