J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,426 shares of the transportation company’s stock after selling 273 shares during the quarter. Nordea Investment Management AB’s holdings in J.B. Hunt Transport Services were worth $1,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JBHT. Clear Street Markets LLC raised its stake in J.B. Hunt Transport Services by 94.0% during the first quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after buying an additional 78 shares in the last quarter. VisionPoint Advisory Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 69.1% in the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 85 shares in the last quarter. Operose Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at $36,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com lowered J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Friday, March 8th. TD Cowen increased their price objective on J.B. Hunt Transport Services from $178.00 to $199.00 and gave the stock a “market perform” rating in a report on Friday, January 19th. Barclays increased their price objective on J.B. Hunt Transport Services from $210.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. UBS Group raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and increased their target price for the stock from $205.00 to $234.00 in a research report on Monday, January 22nd. Finally, Benchmark reissued a “buy” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.39.

View Our Latest Research Report on JBHT

J.B. Hunt Transport Services Trading Up 0.9 %

Shares of NASDAQ:JBHT opened at $193.71 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52-week low of $164.39 and a 52-week high of $219.51. The company has a market cap of $20.01 billion, a P/E ratio of 27.79, a P/E/G ratio of 1.67 and a beta of 1.11. The stock’s 50-day moving average is $204.09 and its 200-day moving average is $192.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.17.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.27). J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same period last year, the business earned $1.92 earnings per share. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. Equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.77 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Thursday, February 8th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 0.89%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 24.68%.

Insider Buying and Selling

In other news, Director Patrick J. Ottensmeyer bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $1,014,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $211.79, for a total transaction of $159,689.66. Following the completion of the transaction, the senior vice president now owns 8,235 shares in the company, valued at $1,744,090.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $1,014,950. The disclosure for this purchase can be found here. Insiders have sold a total of 20,432 shares of company stock valued at $4,309,687 over the last three months. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Company Profile

(Free Report)

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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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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