Allspring Global Investments Holdings LLC Sells 11,027 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Allspring Global Investments Holdings LLC lowered its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 238,030 shares of the transportation company’s stock after selling 11,027 shares during the period. Allspring Global Investments Holdings LLC’s holdings in J.B. Hunt Transport Services were worth $47,427,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. VisionPoint Advisory Group LLC raised its position in J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after purchasing an additional 87 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter worth about $49,000. Exchange Traded Concepts LLC lifted its stake in shares of J.B. Hunt Transport Services by 26.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock worth $60,000 after acquiring an additional 62 shares during the period. Harbor Investment Advisory LLC boosted its holdings in J.B. Hunt Transport Services by 75.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 350 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 150 shares during the last quarter. Finally, Burkett Financial Services LLC acquired a new stake in J.B. Hunt Transport Services during the 4th quarter valued at approximately $86,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on JBHT shares. Loop Capital reduced their price objective on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating on the stock in a research note on Thursday, April 18th. Barclays cut their price target on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 17th. Evercore ISI lowered their price objective on J.B. Hunt Transport Services from $199.00 to $191.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Bank of America cut their target price on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Finally, Robert W. Baird lowered their target price on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.38.

J.B. Hunt Transport Services Stock Down 0.4 %

Shares of NASDAQ JBHT opened at $158.71 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50-day moving average price of $161.10 and a 200-day moving average price of $185.09. The stock has a market capitalization of $16.38 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.82 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, May 9th. J.B. Hunt Transport Services’s payout ratio is currently 27.30%.

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

In other news, CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, April 26th. The stock was purchased at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now directly owns 313,955 shares in the company, valued at approximately $50,565,592.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.10% 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.