Price T Rowe Associates Inc. MD Decreases Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Price T Rowe Associates Inc. MD reduced its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,083,558 shares of the transportation company’s stock after selling 78,646 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in J.B. Hunt Transport Services were worth $415,150,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BOKF NA raised its stake in shares of J.B. Hunt Transport Services by 33.7% during the first quarter. BOKF NA now owns 24,901 shares of the transportation company’s stock valued at $4,893,000 after purchasing an additional 6,273 shares during the period. Magnetar Financial LLC acquired a new stake in J.B. Hunt Transport Services during the 1st quarter valued at $3,403,000. Quadrature Capital Ltd purchased a new stake in J.B. Hunt Transport Services during the 1st quarter worth $1,751,000. Toronto Dominion Bank increased its stake in J.B. Hunt Transport Services by 2.0% during the 1st quarter. Toronto Dominion Bank now owns 46,215 shares of the transportation company’s stock worth $9,208,000 after buying an additional 926 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in J.B. Hunt Transport Services in the 1st quarter worth $897,000. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT traded up $1.79 during trading hours on Monday, reaching $173.33. The company’s stock had a trading volume of 152,236 shares, compared to its average volume of 868,900. The company has a current ratio of 1.21, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $160.38 and a 200 day simple moving average of $181.04. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The stock has a market cap of $17.89 billion, a PE ratio of 27.23, a PEG ratio of 2.83 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.19). The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the business posted $1.81 EPS. Equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.8 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.43 per share. The ex-dividend date is Friday, August 2nd. This represents a $1.72 annualized dividend and a dividend yield of 0.99%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Analyst Ratings Changes

Several brokerages have recently weighed in on JBHT. Morgan Stanley lowered their target price on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. UBS Group lowered their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Barclays cut their target price on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Loop Capital decreased their price target on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. Finally, Susquehanna cut their price target on shares of J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.88.

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

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa purchased 600 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, the director now owns 3,594 shares in the company, valued at approximately $587,511.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services 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.