CIBC Asset Management Inc Reduces Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

CIBC Asset Management Inc lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,239 shares of the transportation company’s stock after selling 429 shares during the period. CIBC Asset Management Inc’s holdings in J.B. Hunt Transport Services were worth $2,245,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JBHT. VisionPoint Advisory Group LLC boosted its position in J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after buying an additional 87 shares during the period. Operose Advisors LLC purchased a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at $34,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at $36,000. Cary Street Partners Investment Advisory LLC boosted its position in J.B. Hunt Transport Services by 505.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after buying an additional 258 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in J.B. Hunt Transport Services by 26.2% during the 4th 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 period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Up 0.6 %

NASDAQ:JBHT opened at $159.96 on Friday. The firm has a market cap of $16.51 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.81 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $154.10 and a fifty-two week high of $219.51. The firm has a 50-day simple moving average of $170.93 and a two-hundred day simple moving average of $188.96.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). The firm had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. Analysts predict that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services’s payout ratio is presently 27.30%.

Analyst Upgrades and Downgrades

Several brokerages have commented on JBHT. BMO Capital Markets decreased their price objective on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. Loop Capital decreased their price objective on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a report on Thursday, April 18th. UBS Group decreased their price objective on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Barclays decreased their price objective on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, April 17th. Finally, Stephens decreased their price objective on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.76.

Read Our Latest Report on J.B. Hunt Transport Services

Insider Activity

In related news, CEO John N. Roberts purchased 6,200 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were purchased at an average price of $161.06 per share, with a total value of $998,572.00. Following the acquisition, the chief executive officer now directly owns 313,955 shares in the company, valued at approximately $50,565,592.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services 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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