Price T Rowe Associates Inc. MD Sells 12,060 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Price T Rowe Associates Inc. MD decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,591 shares of the transportation company's stock after selling 12,060 shares during the period. Price T Rowe Associates Inc. MD owned about 0.13% of J.B. Hunt Transport Services worth $22,799,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of JBHT. Smartleaf Asset Management LLC lifted its position in J.B. Hunt Transport Services by 33.9% in 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 during the last quarter. Abound Wealth Management boosted its stake in J.B. Hunt Transport Services by 145,850.0% during the 4th quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock valued at $498,000 after purchasing an additional 2,917 shares in the last quarter. LPL Financial LLC boosted its position in shares of J.B. Hunt Transport Services by 56.7% during the 4th quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock valued at $11,810,000 after purchasing an additional 25,034 shares in the last quarter. Keybank National Association OH bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $255,000. Finally, Merit Financial Group LLC acquired a new stake in J.B. Hunt Transport Services during the fourth quarter valued at approximately $253,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stephens reduced their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Citigroup cut their price target on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Evercore ISI lowered their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their price objective on J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group decreased their target price on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $162.20.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT traded up $0.84 during mid-day trading on Wednesday, hitting $131.71. The company had a trading volume of 146,713 shares, compared to its average volume of 958,804. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month 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 $13.07 billion, a P/E ratio of 23.71, a PEG ratio of 1.61 and a beta of 1.33. The business's 50-day simple moving average is $142.14 and its 200-day simple moving average is $164.77.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, analysts predict 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 company 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 31.94%.

Insider Activity at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs bought 1,529 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was bought at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the purchase, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. The trade was a 1.69 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now directly 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 insiders.

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.