Amalgamated Bank Cuts Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Amalgamated Bank lowered its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,713 shares of the transportation company’s stock after selling 1,140 shares during the quarter. Amalgamated Bank’s holdings in J.B. Hunt Transport Services were worth $4,137,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. VisionPoint Advisory Group LLC raised its holdings in shares of J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after acquiring an additional 87 shares in the last quarter. Operose Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 3rd quarter valued at about $34,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $36,000. Exchange Traded Concepts LLC grew its position in J.B. Hunt Transport Services by 26.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after acquiring an additional 62 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in J.B. Hunt Transport Services by 505.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock worth $58,000 after acquiring an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Bank of America dropped their target price on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. JPMorgan Chase & Co. cut their price objective on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 17th. Evercore ISI lowered their target price on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Raymond James upped their price target on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Finally, StockNews.com raised shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $194.24.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $167.75 on Thursday. The stock has a market capitalization of $17.31 billion, a PE ratio of 26.63, a PEG ratio of 2.23 and a beta of 1.17. The company has a 50 day moving average price of $186.06 and a 200-day moving average price of $190.77. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $160.07 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.72 annualized dividend and a yield of 1.03%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insider Activity

In related news, EVP Eric Mcgee sold 3,800 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $212.56, for a total transaction of $807,728.00. Following the sale, the executive vice president now owns 464 shares of the company’s stock, valued at $98,627.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 3,800 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.56, for a total value of $807,728.00. Following the transaction, the executive vice president now directly owns 464 shares of the company’s stock, valued at $98,627.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick J. Ottensmeyer acquired 5,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average price of $202.99 per share, with a total value of $1,014,950.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The disclosure for this purchase can be found here. In the last three months, insiders have sold 15,454 shares of company stock worth $3,283,219. 2.10% of the stock is currently owned by company insiders.

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.