American Century Companies Inc. Has $93.57 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

American Century Companies Inc. decreased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 23.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 584,785 shares of the transportation company’s stock after selling 178,674 shares during the period. American Century Companies Inc.’s holdings in J.B. Hunt Transport Services were worth $93,566,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of JBHT. Norges Bank acquired a new stake in J.B. Hunt Transport Services in the 4th quarter valued at $185,299,000. Jacobs Levy Equity Management Inc. boosted its stake in J.B. Hunt Transport Services by 2,722.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock valued at $108,600,000 after buying an additional 525,729 shares in the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $19,755,000. FIL Ltd boosted its stake in J.B. Hunt Transport Services by 15.7% in the fourth quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock worth $177,336,000 after purchasing an additional 120,202 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in J.B. Hunt Transport Services by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock worth $1,946,400,000 after purchasing an additional 80,123 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JBHT. TD Cowen cut their price target on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a report on Wednesday, July 17th. Stifel Nicolaus reduced their price target on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a research report on Tuesday, July 23rd. 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 price target on the stock. Barclays reduced their price target on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Finally, BMO Capital Markets upped their price target on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $181.88.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Persio V. Lisboa acquired 600 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, with a total value of $98,082.00. Following the transaction, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $168.66 on Friday. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.84 and a beta of 1.15. The firm’s 50 day simple moving average is $168.21 and its 200 day simple moving average is $172.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The business’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.81 earnings per share. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.02%. J.B. Hunt Transport Services’s dividend payout ratio is 27.30%.

J.B. Hunt Transport Services 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.