J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by abrdn plc

abrdn plc lifted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 21.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,510 shares of the transportation company's stock after buying an additional 5,807 shares during the period. abrdn plc's holdings in J.B. Hunt Transport Services were worth $5,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jennison Associates LLC raised its holdings in shares of J.B. Hunt Transport Services by 14.1% during the fourth quarter. Jennison Associates LLC now owns 181,550 shares of the transportation company's stock worth $30,983,000 after purchasing an additional 22,451 shares during the last quarter. New Wave Wealth Advisors LLC raised its holdings in shares of J.B. Hunt Transport Services by 4.0% during the fourth quarter. New Wave Wealth Advisors LLC now owns 14,729 shares of the transportation company's stock worth $2,514,000 after purchasing an additional 566 shares during the last quarter. Calton & Associates Inc. purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter worth $232,000. Forsta AP Fonden raised its holdings in shares of J.B. Hunt Transport Services by 2.5% during the fourth quarter. Forsta AP Fonden now owns 16,300 shares of the transportation company's stock worth $2,782,000 after purchasing an additional 400 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of J.B. Hunt Transport Services by 56.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,394 shares of the transportation company's stock worth $1,433,000 after purchasing an additional 3,041 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

JBHT traded down $2.87 on Wednesday, reaching $164.63. 555,411 shares of the company's stock were exchanged, compared to its average volume of 959,308. The stock has a market cap of $16.60 billion, a PE ratio of 29.61, a P/E/G ratio of 1.62 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The stock's fifty day moving average price is $174.54 and its 200-day moving average price is $174.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business's revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 earnings per share. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, February 7th. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 1.07%. J.B. Hunt Transport Services's payout ratio is presently 30.94%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the transaction, the executive vice president now owns 700 shares in the company, valued at $127,904. The trade was a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,545 shares of company stock worth $1,898,942. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

JBHT has been the subject of several recent research reports. Stephens reissued an "overweight" rating and set a $205.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. UBS Group reduced their target price on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating for the company in a report on Friday, January 17th. Citigroup cut their price objective on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating for the company in a report on Friday, January 17th. Wells Fargo & Company cut their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their price objective on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and an average target price of $191.11.

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.