Handelsbanken Fonder AB Reduces Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Handelsbanken Fonder AB reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,858 shares of the transportation company’s stock after selling 709 shares during the quarter. Handelsbanken Fonder AB’s holdings in J.B. Hunt Transport Services were worth $8,960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in JBHT. Aviva PLC boosted its stake in shares of J.B. Hunt Transport Services by 45.3% during the 3rd quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock worth $9,832,000 after purchasing an additional 16,249 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in J.B. Hunt Transport Services by 3.8% in the third quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company’s stock valued at $6,870,000 after purchasing an additional 1,331 shares during the period. International Assets Investment Management LLC purchased a new stake in J.B. Hunt Transport Services in the fourth quarter valued at approximately $11,513,000. Natixis Advisors L.P. grew its holdings in J.B. Hunt Transport Services by 38.4% in the third quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company’s stock valued at $7,887,000 after purchasing an additional 11,613 shares during the period. Finally, California Public Employees Retirement System grew its holdings in J.B. Hunt Transport Services by 0.9% in the third quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company’s stock valued at $28,913,000 after purchasing an additional 1,393 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Kuhlow sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the transaction, the chief financial officer now owns 10,537 shares in the company, valued at approximately $2,244,381. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,454 shares of company stock valued at $3,283,219. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on JBHT. Raymond James boosted their price objective on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. StockNews.com cut shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Robert W. Baird cut their price target on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. JPMorgan Chase & Co. cut their price target on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Finally, Stifel Nicolaus cut their price target on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $194.24.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $164.63 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a one year low of $160.07 and a one year high of $219.51. The firm has a market capitalization of $17.01 billion, a PE ratio of 26.13, a P/E/G ratio of 2.20 and a beta of 1.11. The firm has a 50-day moving average of $194.92 and a two-hundred day moving average of $192.45.

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.