J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,493,695 shares of the transportation company's stock after selling 1,801,933 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 3.46% of J.B. Hunt Transport Services worth $596,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morse Asset Management Inc bought a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter worth approximately $86,000. Barclays PLC grew its position in J.B. Hunt Transport Services by 37.5% in the third quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock worth $40,698,000 after buying an additional 64,380 shares during the last quarter. Arvest Bank Trust Division bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at $1,578,000. Tidal Investments LLC lifted its position in shares of J.B. Hunt Transport Services by 23.4% during the 3rd quarter. Tidal Investments LLC now owns 4,196 shares of the transportation company's stock valued at $723,000 after acquiring an additional 795 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of J.B. Hunt Transport Services by 18.3% during the 3rd quarter. Retirement Systems of Alabama now owns 148,887 shares of the transportation company's stock worth $25,658,000 after acquiring an additional 23,078 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on JBHT shares. Stifel Nicolaus set a $150.00 target price on J.B. Hunt Transport Services in a report on Wednesday, April 16th. UBS Group reduced their price objective on shares of J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Raymond James dropped their target price on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Bank of America reduced their price target on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Finally, Citigroup lowered their price objective on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and an average price target of $162.20.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 1,200 shares of the business's stock in a transaction 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 in the company, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Stock Up 1.1 %

Shares of J.B. Hunt Transport Services stock opened at $128.52 on Wednesday. The stock has a 50-day simple moving average of $149.13 and a 200-day simple moving average of $167.55. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The firm has a market cap of $12.85 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.61 and a beta of 1.27. 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 earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping the consensus estimate of $1.15 by $0.02. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. On average, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.37%. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

About J.B. Hunt Transport Services

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.

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