PNC Financial Services Group Inc. Sells 123 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

PNC Financial Services Group Inc. lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,744 shares of the transportation company’s stock after selling 123 shares during the quarter. PNC Financial Services Group Inc.’s holdings in J.B. Hunt Transport Services were worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of JBHT. Advisors Asset Management Inc. grew its stake in J.B. Hunt Transport Services by 11.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,454 shares of the transportation company’s stock valued at $290,000 after purchasing an additional 153 shares during the period. Silvercrest Asset Management Group LLC grew its stake in shares of J.B. Hunt Transport Services by 24.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock worth $5,838,000 after acquiring an additional 5,767 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of J.B. Hunt Transport Services by 13.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,037 shares of the transportation company’s stock worth $384,000 after acquiring an additional 245 shares during the period. Tidal Investments LLC grew its stake in shares of J.B. Hunt Transport Services by 65.6% during the 1st quarter. Tidal Investments LLC now owns 7,851 shares of the transportation company’s stock worth $1,563,000 after acquiring an additional 3,109 shares during the period. Finally, Comerica Bank grew its stake in shares of J.B. Hunt Transport Services by 4.0% during the 1st quarter. Comerica Bank now owns 45,088 shares of the transportation company’s stock worth $8,984,000 after acquiring an additional 1,716 shares during the period. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JBHT. Loop Capital increased their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Benchmark reiterated a “buy” rating and set a $185.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Bank of America increased their price target on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group cut their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Finally, Citigroup raised their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.11.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares in the company, valued at $2,321,275. This represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock worth $1,008,962 in the last 90 days. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Trading Up 1.3 %

Shares of JBHT stock opened at $190.86 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a market cap of $19.24 billion, a P/E ratio of 34.70, a price-to-earnings-growth ratio of 2.91 and a beta of 1.14. The business has a 50-day moving average price of $177.23 and a two-hundred day moving average price of $168.98. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same quarter in the prior year, the firm earned $1.80 earnings per share. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is presently 31.27%.

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.