Allspring Global Investments Holdings LLC Sells 104 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Allspring Global Investments Holdings LLC lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,740 shares of the transportation company’s stock after selling 104 shares during the period. Allspring Global Investments Holdings LLC’s holdings in J.B. Hunt Transport Services were worth $560,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBHT. Jones Financial Companies Lllp lifted its holdings in J.B. Hunt Transport Services by 39.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,206 shares of the transportation company’s stock valued at $206,000 after purchasing an additional 342 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in J.B. Hunt Transport Services by 10.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,199 shares of the transportation company’s stock worth $205,000 after acquiring an additional 112 shares during the last quarter. Keybank National Association OH acquired a new stake in J.B. Hunt Transport Services during the 4th quarter valued at $255,000. Atria Investments Inc raised its position in J.B. Hunt Transport Services by 42.5% in the 4th quarter. Atria Investments Inc now owns 4,167 shares of the transportation company’s stock valued at $711,000 after purchasing an additional 1,242 shares during the last quarter. Finally, M&T Bank Corp raised its position in J.B. Hunt Transport Services by 3.6% in the 4th quarter. M&T Bank Corp now owns 3,716 shares of the transportation company’s stock valued at $635,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs purchased 1,529 shares of the company’s stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer owned 91,847 shares of the company’s stock, valued at $12,008,995.25. The trade was a 1.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

JBHT has been the subject of a number of research reports. Stephens lowered their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Benchmark reaffirmed a “buy” rating and issued a $175.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Truist Financial increased their price target on shares of J.B. Hunt Transport Services from $130.00 to $140.00 and gave the company a “hold” rating in a research note on Monday, June 30th. Citigroup raised their price target on shares of J.B. Hunt Transport Services from $156.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley reduced their price objective on J.B. Hunt Transport Services from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Monday. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $164.14.

J.B. Hunt Transport Services Trading Down 0.2%

NASDAQ JBHT opened at $152.67 on Thursday. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 2.07 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40. The stock’s 50 day moving average price is $142.08 and its two-hundred day moving average price is $152.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 14.07%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is currently 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.