J.B. Hunt Transport Services, Inc. $JBHT Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,655 shares of the transportation company’s stock after purchasing an additional 15,175 shares during the period. Hsbc Holdings PLC’s holdings in J.B. Hunt Transport Services were worth $31,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Keybank National Association OH lifted its holdings in shares of J.B. Hunt Transport Services by 2.7% during the 1st quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock valued at $374,000 after buying an additional 46 shares during the last quarter. Root Financial Partners LLC increased its holdings in J.B. Hunt Transport Services by 25.4% in the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after buying an additional 47 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in J.B. Hunt Transport Services by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock worth $1,827,000 after buying an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 48 shares in the last quarter. Finally, Hartford Funds Management Co LLC lifted its stake in J.B. Hunt Transport Services by 1.2% in the fourth quarter. Hartford Funds Management Co LLC now owns 4,189 shares of the transportation company’s stock valued at $814,000 after acquiring an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 0.3%

NASDAQ:JBHT opened at $290.61 on Tuesday. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 41.16, a P/E/G ratio of 1.87 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The company’s 50 day moving average is $275.31 and its 200-day moving average is $239.20.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the firm earned $1.31 EPS. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% compared to the same quarter last year. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.6 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 8th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

Wall Street Analysts Forecast Growth

JBHT has been the subject of several recent research reports. Susquehanna set a $345.00 target price on shares of J.B. Hunt Transport Services in a research report on Thursday. Argus set a $285.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, April 20th. UBS Group lifted their price objective on shares of J.B. Hunt Transport Services from $286.00 to $291.00 and gave the company a “neutral” rating in a research note on Thursday. Zacks Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. raised their target price on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $286.30.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the sale, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. This represents a 47.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the sale, the executive vice president directly owned 8,696 shares in the company, valued at approximately $2,213,045.04. This represents a 31.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 17,119 shares of company stock valued at $4,481,815. 2.50% of the stock is owned by corporate insiders.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.