2 weeks Ago By ABMN Staff
Wells Fargo & Company MN increased its position in J.B. Hunt Transport Services, Inc.
( NASDAQ:JBHT – Free Report ) by 10.9% in the fourth quarter, Holdings Channel.com reports.
The fund owned 112,797 shares of the transportation company’s stock after purchasing an additional 11,090 shares during the period. Wells Fargo & Company MN’s holdings in J.B.
Hunt Transport Services were worth $19,250,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also added to or reduced their stakes in JBHT. National Pension Service purchased a new position in shares of J.
B. Hunt Transport Services in the fourth quarter worth $30,000. BankPlus Trust Department purchased a new position in J.
B. Hunt Transport Services in the 4th quarter worth about $34,000. Versant Capital Management Inc lifted its stake in J.
B. Hunt Transport Services by 102.2% during the 4th quarter.
Versant Capital Management Inc now owns 281 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 142 shares during the period. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 134 shares during the last quarter.
Finally, Smartleaf Asset Management LLC grew its stake in shares of J.B. Hunt Transport Services by 33.
9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company’s stock worth $58,000 after acquiring an additional 86 shares during the period. 74.
95% of the stock is owned by institutional investors. J.B.
Hunt Transport Services Price Performance Shares of J.B. Hunt Transport Services stock opened at $132.
88 on Monday. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 23.
90, a PEG ratio of 1.61 and a beta of 1.27.
The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.
24. The stock’s 50-day simple moving average is $154.30 and its 200-day simple moving average is $169.
43. J.B.
Hunt Transport Services, Inc. has a 52 week low of $127.05 and a 52 week high of $200.
40. J.B.
Hunt Transport Services Increases Dividend The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.44 per share.
This represents a $1.76 annualized dividend and a yield of 1.32%.
This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.
43. The ex-dividend date was Friday, February 7th. J.
B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.65%.
Analysts Set New Price Targets JBHT has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of J.B.
Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research report on Friday, January 17th.
Benchmark dropped their price target on J.B. Hunt Transport Services from $195.
00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft started coverage on J.
B. Hunt Transport Services in a research report on Friday, March 7th. They set a “hold” rating and a $167.
00 price objective for the company. Barclays lowered their target price on J.B.
Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd.
Finally, Truist Financial initiated coverage on J.B. Hunt Transport Services in a research note on Thursday, March 13th.
They set a “hold” rating and a $165.00 price target for the company. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock.
Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $177.70.
View Our Latest Report on J.B. Hunt Transport Services Insider Activity at J.
B. Hunt Transport Services In related news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Friday, March 7th.
The stock was sold at an average price of $161.67, for a total transaction of $194,004.00.
Following the completion of the transaction, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This represents a 6.
31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, Director James K.
Thompson sold 4,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.
00. Following the transaction, the director now owns 23,559 shares of the company’s stock, valued at $4,131,541.83.
This represents a 15.74 % decrease in their position. The disclosure for this sale can be found here .
2.30% of the stock is currently owned by corporate insiders. About J.
B. Hunt Transport Services ( Free Report ) 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.
See Also Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.B.
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