Raymond James & Associates Reduces Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Raymond James & Associates cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 15.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,709 shares of the transportation company’s stock after selling 1,268 shares during the quarter. Raymond James & Associates’ holdings in J.B. Hunt Transport Services were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Mackenzie Financial Corp boosted its position in shares of J.B. Hunt Transport Services by 0.9% during the first quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock valued at $1,264,000 after buying an additional 56 shares during the last quarter. Garrison Asset Management LLC boosted its position in shares of J.B. Hunt Transport Services by 0.4% during the third quarter. Garrison Asset Management LLC now owns 13,432 shares of the transportation company’s stock valued at $2,532,000 after buying an additional 59 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of J.B. Hunt Transport Services by 0.5% during the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock valued at $2,661,000 after buying an additional 60 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of J.B. Hunt Transport Services by 26.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after buying an additional 62 shares during the last quarter. Finally, Wetherby Asset Management Inc. lifted its holdings in J.B. Hunt Transport Services by 6.0% in the first quarter. Wetherby Asset Management Inc. now owns 1,274 shares of the transportation company’s stock valued at $256,000 after acquiring an additional 72 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a report on Wednesday. StockNews.com downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Friday, March 8th. TD Cowen lowered their target price on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a report on Wednesday. Bank of America lowered their target price on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Loop Capital lowered their target price on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.56.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $167.30 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a 12-month low of $160.07 and a 12-month high of $219.51. The stock has a 50-day moving average price of $197.94 and a 200 day moving average price of $192.83. The stock has a market capitalization of $17.28 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.48 and a beta of 1.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.27). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the prior year, the business posted $1.92 EPS. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.57 EPS for the current fiscal year.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the completion of the transaction, the insider now owns 42,411 shares in the company, valued at approximately $9,021,243.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $1,014,950. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 20,432 shares of company stock worth $4,309,687. 2.10% of the stock is owned by corporate 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.