Allspring Global Investments Holdings LLC Has $697,000 Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,046 shares of the transportation company’s stock after selling 86 shares during the period. Allspring Global Investments Holdings LLC’s holdings in J.B. Hunt Transport Services were worth $697,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of JBHT. Versant Capital Management Inc increased its position in J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after buying an additional 149 shares during the last quarter. Innealta Capital LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at about $31,000. nVerses Capital LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at about $32,000. Ashton Thomas Private Wealth LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at about $36,000. Finally, International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services during the second quarter valued at about $40,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JBHT. BMO Capital Markets restated an “outperform” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. The Goldman Sachs Group reduced their target price on shares of 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. TD Cowen increased their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Benchmark reiterated a “buy” rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Stephens restated an “overweight” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.56.

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

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the transaction, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at $2,321,275. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction 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 transaction, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $180.96 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 1.21. The firm has a market cap of $18.25 billion, a P/E ratio of 32.90, a P/E/G ratio of 3.12 and a beta of 1.15. The firm has a 50 day simple moving average of $172.34 and a 200 day simple moving average of $166.73. 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 issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 4.65% and a return on equity of 13.92%. During the same quarter last year, the business posted $1.80 earnings per share. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.68 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a $0.43 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.95%. J.B. Hunt Transport Services’s payout ratio is presently 31.27%.

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.