M&T Bank Corp Reduces Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

M&T Bank Corp decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 32.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,510 shares of the transportation company’s stock after selling 1,206 shares during the period. M&T Bank Corp’s holdings in J.B. Hunt Transport Services were worth $371,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC increased its stake in shares of J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 109 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in J.B. Hunt Transport Services by 68.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock worth $56,000 after acquiring an additional 134 shares during the last quarter. Bessemer Group Inc. raised its holdings in J.B. Hunt Transport Services by 22.4% during the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock worth $97,000 after purchasing an additional 120 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $107,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of J.B. Hunt Transport Services by 13.2% in the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 85 shares during the period. Institutional investors own 74.95% of the company’s stock.

Insider Activity

In other news, COO Nicholas Hobbs bought 1,529 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average price of $130.75 per share, with a total value of $199,916.75. Following the acquisition, the chief operating officer owned 91,847 shares of the company’s stock, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

JBHT has been the subject of a number of research reports. Stephens reduced their price target on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Stifel Nicolaus cut their price target on J.B. Hunt Transport Services from $150.00 to $145.00 and set a “hold” rating on the stock in a research note on Wednesday. Morgan Stanley lowered their price target on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $163.00 price target (up from $150.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday. Finally, UBS Group restated a “buy” rating on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Ten 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.90.

J.B. Hunt Transport Services Stock Up 0.8%

JBHT stock opened at $152.69 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The firm has a 50-day moving average price of $144.39 and a 200-day moving average price of $151.51. The company has a current ratio of 0.87, a quick ratio of 0.89 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $15.15 billion, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 2.18 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 earnings per share. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend 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 presently 32.00%.

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.