West Coast Financial LLC Sells 1,000 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

West Coast Financial LLC reduced its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 3.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,636 shares of the transportation company’s stock after selling 1,000 shares during the quarter. West Coast Financial LLC’s holdings in J.B. Hunt Transport Services were worth $6,304,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of J.B. Hunt Transport Services by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock worth $1,946,400,000 after acquiring an additional 80,123 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of J.B. Hunt Transport Services by 3.0% in the fourth quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock worth $433,186,000 after acquiring an additional 62,313 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of J.B. Hunt Transport Services by 184.6% in the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after acquiring an additional 1,397,651 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of J.B. Hunt Transport Services by 7,720.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock worth $196,485,000 after buying an additional 971,124 shares during the period. Finally, Norges Bank bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter worth about $185,299,000. 74.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JBHT has been the topic of a number of recent research reports. Loop Capital dropped their target price on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a research report on Thursday, April 18th. Barclays dropped their target price on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Evercore ISI dropped their target price on J.B. Hunt Transport Services from $199.00 to $191.00 and set an “outperform” rating on the stock in a research report on Tuesday. TD Cowen dropped their target price on J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Finally, Robert W. Baird dropped their target price on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.29.

Read Our Latest Analysis on J.B. Hunt Transport Services

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT traded down $2.25 during trading hours on Tuesday, reaching $155.72. The stock had a trading volume of 372,613 shares, compared to its average volume of 837,470. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day simple moving average of $162.60 and a 200 day simple moving average of $186.85. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The stock has a market cap of $16.07 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.77 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.31). The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. On average, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.48 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.10%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is 27.30%.

Insider Activity at J.B. Hunt Transport Services

In other news, CEO John N. Roberts purchased 6,200 shares of the company’s stock in a transaction on Friday, April 26th. The stock was purchased at an average price of $161.06 per share, with a total value of $998,572.00. Following the completion of the purchase, the chief executive officer now directly owns 313,955 shares in the company, valued at approximately $50,565,592.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

About J.B. Hunt Transport Services

(Free Report)

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.

See Also

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

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