American International Group Inc. Trims Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

American International Group Inc. reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,514 shares of the transportation company’s stock after selling 828 shares during the quarter. American International Group Inc.’s holdings in J.B. Hunt Transport Services were worth $4,297,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in J.B. Hunt Transport Services by 184.6% during the third quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after purchasing an additional 1,397,651 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of J.B. Hunt Transport Services by 7,720.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after buying an additional 971,124 shares during the period. Norges Bank purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $185,299,000. Royal Bank of Canada grew its holdings in J.B. Hunt Transport Services by 437.9% during the third quarter. Royal Bank of Canada now owns 244,091 shares of the transportation company’s stock worth $46,016,000 after acquiring an additional 198,713 shares during the period. Finally, American Century Companies Inc. grew its holdings in J.B. Hunt Transport Services by 24.7% during the third quarter. American Century Companies Inc. now owns 889,369 shares of the transportation company’s stock worth $167,664,000 after acquiring an additional 176,027 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity

In other J.B. Hunt Transport Services news, CEO John N. Roberts bought 6,200 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average price of $161.06 per share, with a total value of $998,572.00. Following the transaction, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.5 %

Shares of J.B. Hunt Transport Services stock opened at $156.18 on Monday. The business’s fifty day moving average is $163.14 and its two-hundred day moving average is $187.06. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The firm has a market cap of $16.12 billion, a PE ratio of 24.79, a P/E/G ratio of 1.77 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.10%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JBHT. Robert W. Baird decreased their target price on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company initiated coverage on shares of J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an “overweight” rating and a $185.00 target price on the stock. UBS Group dropped their target price on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Loop Capital lowered their price target on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a report on Thursday, April 18th. Finally, StockNews.com raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.76.

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.