Tredje AP fonden Has $1.11 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Tredje AP fonden lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,487 shares of the transportation company's stock after selling 6,486 shares during the quarter. Tredje AP fonden's holdings in J.B. Hunt Transport Services were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Janus Henderson Group PLC grew its position in shares of J.B. Hunt Transport Services by 0.7% during the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company's stock worth $581,567,000 after buying an additional 22,563 shares in the last quarter. State Street Corp increased its stake in J.B. Hunt Transport Services by 0.6% during the third quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after purchasing an additional 19,826 shares during the last quarter. Parnassus Investments LLC increased its stake in J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock valued at $129,765,000 after purchasing an additional 93,213 shares during the last quarter. Stifel Financial Corp increased its stake in J.B. Hunt Transport Services by 1.4% during the third quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company's stock valued at $110,524,000 after purchasing an additional 8,997 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in J.B. Hunt Transport Services by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 576,159 shares of the transportation company's stock valued at $98,327,000 after purchasing an additional 22,461 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

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Insider Activity at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Down 0.1 %

Shares of JBHT traded down $0.08 during trading hours on Wednesday, reaching $147.05. The company's stock had a trading volume of 1,295,324 shares, compared to its average volume of 872,286. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 1-year low of $144.49 and a 1-year high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $167.13 and a two-hundred day moving average of $173.34.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.47 EPS. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.44 dividend. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.20%. J.B. Hunt Transport Services's payout ratio is presently 31.65%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Evercore ISI lowered their target price on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Raymond James reduced their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of J.B. Hunt Transport Services in a report on Friday, March 7th. They set a "hold" rating and a $167.00 price target for the company. Wells Fargo & Company reduced their price target 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, Susquehanna raised shares of J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price target for the company in a report on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $186.80.

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.