Wealthfront Advisers LLC Trims Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Wealthfront Advisers LLC decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 67.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,944 shares of the transportation company's stock after selling 6,212 shares during the period. Wealthfront Advisers LLC's holdings in J.B. Hunt Transport Services were worth $436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Janus Henderson Group PLC grew its holdings in shares of J.B. Hunt Transport Services by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company's stock valued at $578,572,000 after purchasing an additional 15,476 shares in the last quarter. Invesco Ltd. raised its holdings in shares of J.B. Hunt Transport Services by 5.1% in the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock valued at $362,554,000 after acquiring an additional 104,019 shares in the last quarter. Geode Capital Management LLC raised its holdings in J.B. Hunt Transport Services by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock worth $340,049,000 after purchasing an additional 8,968 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in J.B. Hunt Transport Services by 0.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company's stock worth $225,209,000 after purchasing an additional 8,725 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of J.B. Hunt Transport Services by 428.4% during the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after acquiring an additional 1,024,295 shares during the last quarter. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Price Performance

JBHT opened at $147.60 on Tuesday. The stock has a market capitalization of $14.64 billion, a PE ratio of 26.84, a P/E/G ratio of 2.29 and a beta of 1.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.89 and a current ratio of 0.87. The company's 50 day simple moving average is $144.65 and its 200 day simple moving average is $151.08. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.03). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates 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 in the prior year, the company earned $1.32 earnings per share. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is presently 32.00%.

Analyst Upgrades and Downgrades

JBHT has been the topic of several recent research reports. Wells Fargo & Company restated an "overweight" rating and issued a $163.00 price objective (up previously from $150.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. JPMorgan Chase & Co. increased their price target on J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Robert W. Baird initiated coverage on J.B. Hunt Transport Services in a research report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price target on the stock. 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 report on Wednesday, July 16th. Finally, Bank of America raised their target price on J.B. Hunt Transport Services from $166.00 to $171.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Ten analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.90.

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

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs bought 1,529 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average price of $130.75 per share, with a total value of $199,916.75. Following the purchase, the chief operating officer directly owned 91,847 shares of the company's stock, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.30% of the company's stock.

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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