Royal Bank of Canada Sells 43,160 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Royal Bank of Canada lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) by 28.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,050 shares of the transportation company’s stock after selling 43,160 shares during the period. Royal Bank of Canada owned 0.10% of J.B. Hunt Transport Services worth $16,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in JBHT. Price T Rowe Associates Inc. MD increased its stake in shares of J.B. Hunt Transport Services by 7.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 7,579,989 shares of the transportation company’s stock worth $1,193,621,000 after purchasing an additional 517,629 shares during the period. Millennium Management LLC increased its stake in J.B. Hunt Transport Services by 116.4% during the 2nd quarter. Millennium Management LLC now owns 775,799 shares of the transportation company’s stock worth $122,165,000 after acquiring an additional 417,218 shares during the period. Franklin Resources Inc. increased its stake in J.B. Hunt Transport Services by 21.8% during the 2nd quarter. Franklin Resources Inc. now owns 1,772,187 shares of the transportation company’s stock worth $279,067,000 after acquiring an additional 317,060 shares during the period. Allspring Global Investments Holdings LLC increased its stake in J.B. Hunt Transport Services by 91.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 565,032 shares of the transportation company’s stock worth $88,381,000 after acquiring an additional 270,491 shares during the period. Finally, Interval Partners LP bought a new position in J.B. Hunt Transport Services during the 3rd quarter worth $31,813,000. Institutional investors own 74.93% of the company’s stock.

Insider Buying and Selling

In other news, EVP Alfred C. Harper sold 5,300 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $190.33, for a total value of $1,008,749.00. Following the completion of the transaction, the executive vice president now directly owns 32,556 shares of the company’s stock, valued at approximately $6,196,383.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Down 0.6 %

Shares of NASDAQ:JBHT opened at $185.48 on Tuesday. The firm has a market cap of $19.25 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.34 and a beta of 1.14. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.34. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.92 and a 12-month high of $218.18. The business has a fifty day simple moving average of $185.07 and a 200 day simple moving average of $177.78.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last announced its earnings results on Wednesday, January 18th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.53). The company had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $3.79 billion. J.B. Hunt Transport Services had a return on equity of 28.20% and a net margin of 6.54%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 earnings per share. Analysts predict that J.B. Hunt Transport Services, Inc. will post 9.31 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Friday, February 10th were given a dividend of $0.42 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, February 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 18.26%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Credit Suisse Group raised their price objective on J.B. Hunt Transport Services from $194.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, January 19th. UBS Group raised their price objective on J.B. Hunt Transport Services from $155.00 to $162.00 in a research note on Thursday, January 19th. Barclays raised their price objective on J.B. Hunt Transport Services from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, January 19th. Deutsche Bank Aktiengesellschaft lowered their price objective on J.B. Hunt Transport Services from $230.00 to $228.00 in a research note on Monday, November 28th. Finally, Raymond James raised their target price on J.B. Hunt Transport Services from $195.00 to $203.00 and gave the company an “outperform” rating in a report on Thursday, January 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $196.39.

About J.B. Hunt Transport Services

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J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.