J B Hunt Transport Services Inc (NASDAQ:JBHT) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 19.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,205 shares of the transportation company’s stock after selling 2,156 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in J B Hunt Transport Services were worth $932,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JBHT. Vanguard Group Inc raised its position in shares of J B Hunt Transport Services by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 9,796,569 shares of the transportation company’s stock valued at $1,165,205,000 after buying an additional 94,410 shares during the period. BlackRock Inc. increased its holdings in J B Hunt Transport Services by 1.3% in the 4th quarter. BlackRock Inc. now owns 6,194,877 shares of the transportation company’s stock valued at $576,369,000 after purchasing an additional 81,584 shares during the last quarter. Geode Capital Management LLC increased its holdings in J B Hunt Transport Services by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 1,239,550 shares of the transportation company’s stock valued at $115,143,000 after purchasing an additional 74,521 shares during the last quarter. American Century Companies Inc. increased its holdings in J B Hunt Transport Services by 4.2% in the 4th quarter. American Century Companies Inc. now owns 1,098,044 shares of the transportation company’s stock valued at $102,162,000 after purchasing an additional 44,120 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in J B Hunt Transport Services by 5.3% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,047,660 shares of the transportation company’s stock valued at $97,474,000 after purchasing an additional 53,001 shares during the last quarter. 72.94% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider John N. Roberts bought 2,319 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the purchase, the insider now owns 288,739 shares in the company, valued at approximately $24,897,963.97. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary Charles George purchased 5,000 shares of J B Hunt Transport Services stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average cost of $94.52 per share, with a total value of $472,600.00. Following the completion of the transaction, the director now owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

Several research firms recently weighed in on JBHT. Stifel Nicolaus dropped their target price on shares of J B Hunt Transport Services from $115.00 to $107.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Barclays dropped their target price on shares of J B Hunt Transport Services from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Thursday, April 4th. Buckingham Research dropped their target price on shares of J B Hunt Transport Services from $132.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. ValuEngine upgraded shares of J B Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, BMO Capital Markets dropped their price target on shares of J B Hunt Transport Services from $110.00 to $106.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $110.39.

Shares of NASDAQ:JBHT traded down $0.17 during trading on Monday, hitting $91.24. The company’s stock had a trading volume of 773,991 shares, compared to its average volume of 1,083,998. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s 50 day simple moving average is $90.33. The stock has a market cap of $9.94 billion, a P/E ratio of 16.09, a PEG ratio of 1.07 and a beta of 1.11. J B Hunt Transport Services Inc has a fifty-two week low of $83.64 and a fifty-two week high of $129.98.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16). The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.17 billion. J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. On average, equities analysts predict that J B Hunt Transport Services Inc will post 5.68 earnings per share for the current year.

J B Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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