Parallel Advisors LLC Sells 79 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Parallel Advisors LLC trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 994 shares of the transportation company’s stock after selling 79 shares during the quarter. Parallel Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $147,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBHT. National Pension Service bought a new position in J.B. Hunt Transport Services during the fourth quarter worth about $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 134 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 86 shares in the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 140.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 212 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JBHT. Stifel Nicolaus set a $150.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They issued a “hold” rating and a $167.00 price objective on the stock. Bank of America boosted their price objective on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the company a “buy” rating in a research report on Friday, May 16th. TD Cowen cut their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup cut their price target on J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $161.90.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $139.12 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average price is $136.87 and its two-hundred day moving average price is $158.48. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The firm has a market capitalization of $13.80 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.02. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 9th were paid a $0.44 dividend. The ex-dividend date was Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.27%. J.B. Hunt Transport Services’s dividend payout ratio is 31.94%.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs acquired 1,529 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average cost of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer now directly owns 91,847 shares of the company’s stock, valued at $12,008,995.25. This trade represents a 1.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.

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.