US Bancorp DE Sells 8,699 Shares of J.B. Hunt Transport Services, Inc. $JBHT

US Bancorp DE decreased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 18.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,257 shares of the transportation company’s stock after selling 8,699 shares during the period. US Bancorp DE’s holdings in J.B. Hunt Transport Services were worth $5,494,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of JBHT. JPMorgan Chase & Co. boosted its holdings in shares of J.B. Hunt Transport Services by 14.6% during the 1st quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company’s stock worth $718,015,000 after buying an additional 616,986 shares during the period. Nuveen LLC bought a new stake in J.B. Hunt Transport Services in the 1st quarter valued at about $29,497,000. Vanguard Group Inc. boosted its holdings in J.B. Hunt Transport Services by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company’s stock valued at $1,486,670,000 after purchasing an additional 195,873 shares during the period. Wellington Management Group LLP boosted its holdings in J.B. Hunt Transport Services by 11.5% in the 1st quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company’s stock valued at $208,322,000 after purchasing an additional 144,666 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in J.B. Hunt Transport Services by 118.4% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 162,500 shares of the transportation company’s stock valued at $24,042,000 after purchasing an additional 88,100 shares during the period. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of recent research reports. Robert W. Baird initiated coverage on shares of J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an “outperform” rating and a $169.00 price objective for the company. The Goldman Sachs Group set a $164.00 price objective on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Truist Financial boosted their price objective on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, July 16th. Raymond James Financial boosted their price objective on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company cut their price objective on shares of J.B. Hunt Transport Services from $163.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $159.67.

Insider Buying and Selling

In related news, EVP Eric Mcgee acquired 1,148 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the transaction, the executive vice president directly owned 7,397 shares in the company, valued at $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Keefauver sold 989 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the transaction, the executive vice president owned 946 shares of the company’s stock, valued at approximately $143,763.62. This represents a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $138.12 on Tuesday. The firm has a 50 day moving average of $140.22 and a 200-day moving average of $140.91. The stock has a market capitalization of $13.37 billion, a PE ratio of 25.11, a PEG ratio of 2.16 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.03). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. J.B. Hunt Transport Services’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.32 earnings per share. On average, equities 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 32.00%.

J.B. Hunt Transport Services Company 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.