Fifth Third Bancorp Sells 756 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Fifth Third Bancorp decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 18.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,403 shares of the transportation company’s stock after selling 756 shares during the quarter. Fifth Third Bancorp’s holdings in J.B. Hunt Transport Services were worth $503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC grew its position in shares of J.B. Hunt Transport Services by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company’s stock worth $578,572,000 after buying an additional 15,476 shares in the last quarter. Invesco Ltd. grew its position in shares of J.B. Hunt Transport Services by 5.1% during the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock worth $362,554,000 after buying an additional 104,019 shares in the last quarter. Geode Capital Management LLC grew its position in shares of J.B. Hunt Transport Services by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock worth $340,049,000 after buying an additional 8,968 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of J.B. Hunt Transport Services by 0.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company’s stock worth $225,209,000 after buying an additional 8,725 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock worth $215,610,000 after buying an additional 1,024,295 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, April 23rd. The stock was purchased at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the purchase, the chief operating officer now directly owns 91,847 shares in the company, valued at $12,008,995.25. This trade represents a 1.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein set a $148.00 price objective on J.B. Hunt Transport Services and gave the company a “market perform” rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price objective on J.B. Hunt Transport Services from $167.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Bank of America raised their price objective on J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Benchmark reaffirmed a “buy” rating and set a $175.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Finally, TD Cowen dropped their price objective on J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $161.90.

J.B. Hunt Transport Services Trading Down 2.4%

Shares of NASDAQ:JBHT opened at $139.09 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 1.93 and a beta of 1.30. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $137.36 and a 200-day moving average price of $155.80.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Friday, May 9th. J.B. Hunt Transport Services’s payout ratio is 31.94%.

J.B. Hunt Transport Services 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.