J. W. Coons Advisors LLC Reduces Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

J. W. Coons Advisors LLC cut its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,756 shares of the transportation company’s stock after selling 250 shares during the period. J. W. Coons Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after acquiring an additional 1,397,651 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of J.B. Hunt Transport Services by 7,720.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock worth $196,485,000 after purchasing an additional 971,124 shares during the period. Norges Bank acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth about $185,299,000. Royal Bank of Canada raised its holdings in J.B. Hunt Transport Services by 437.9% in the 3rd quarter. Royal Bank of Canada now owns 244,091 shares of the transportation company’s stock valued at $46,016,000 after buying an additional 198,713 shares during the period. Finally, American Century Companies Inc. lifted its position in J.B. Hunt Transport Services by 24.7% in the third quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company’s stock valued at $167,664,000 after buying an additional 176,027 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JBHT has been the topic of a number of research analyst reports. Evercore ISI reduced their price target on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. BMO Capital Markets cut their target price on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. UBS Group cut their price objective on J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, Bank of America lowered their target price on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.76.

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

Insider Buying and Selling

In related news, CEO John N. Roberts purchased 6,200 shares of the company’s stock in a transaction on Friday, April 26th. The shares were bought at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the purchase, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Trading Up 0.6 %

NASDAQ JBHT opened at $159.96 on Friday. J.B. Hunt Transport Services, Inc. has a 52 week low of $154.10 and a 52 week high of $219.51. The firm has a 50 day moving average of $170.93 and a two-hundred day moving average of $188.96. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $16.51 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 1.81 and a beta of 1.15.

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

J.B. Hunt Transport Services Dividend Announcement

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

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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