Hsbc Holdings PLC Sells 38,104 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hsbc Holdings PLC reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 20.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,344 shares of the transportation company's stock after selling 38,104 shares during the quarter. Hsbc Holdings PLC owned approximately 0.15% of J.B. Hunt Transport Services worth $25,849,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Invesco Ltd. boosted its position in J.B. Hunt Transport Services by 5.1% during the fourth quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock worth $362,554,000 after purchasing an additional 104,019 shares during the period. Geode Capital Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock worth $340,049,000 after buying an additional 8,968 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of J.B. Hunt Transport Services by 428.4% in the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after acquiring an additional 1,024,295 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in J.B. Hunt Transport Services by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,181,027 shares of the transportation company's stock worth $201,555,000 after purchasing an additional 108,933 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in J.B. Hunt Transport Services by 111.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock valued at $163,237,000 after purchasing an additional 503,324 shares during the period. Institutional investors own 74.95% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JBHT. TD Cowen cut their target price on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Truist Financial lowered their price target on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a report on Thursday, April 17th. The Goldman Sachs Group reduced 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 research note on Thursday, April 10th. Wells Fargo & Company reduced their price target on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Benchmark reaffirmed a "buy" rating and set a $175.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.20.

Insider Buying and Selling

In other news, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, April 23rd. The stock was acquired at an average cost of $130.75 per share, with a total value of $199,916.75. Following the transaction, the chief operating officer now owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This trade represents a 1.69 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction 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 $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Stock Up 0.1 %

Shares of NASDAQ:JBHT traded up $0.18 during trading on Wednesday, reaching $130.58. 1,553,767 shares of the stock were exchanged, compared to its average volume of 952,872. The stock has a fifty day moving average of $145.18 and a two-hundred day moving average of $166.31. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. Research analysts anticipate 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 business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.35%. J.B. Hunt Transport Services's payout ratio is 31.94%.

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.