Russell Investments Group Ltd. Lowers Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Russell Investments Group Ltd. trimmed its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 21.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 150,838 shares of the transportation company’s stock after selling 41,565 shares during the period. Russell Investments Group Ltd.’s holdings in J.B. Hunt Transport Services were worth $30,306,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC boosted its position in J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after buying an additional 87 shares during the period. Operose Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at about $34,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at about $36,000. Exchange Traded Concepts LLC purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at about $45,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in shares of J.B. Hunt Transport Services by 505.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock worth $58,000 after purchasing an additional 258 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JBHT. Robert W. Baird lowered their price target on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. BMO Capital Markets lowered their price target on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Barclays lowered their price target on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Raymond James upped their price target on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Finally, Stifel Nicolaus lowered their price target on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average target price of $194.24.

J.B. Hunt Transport Services Trading Up 0.3 %

Shares of J.B. Hunt Transport Services stock opened at $162.57 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a 12-month low of $160.07 and a 12-month high of $219.51. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 2.13 and a beta of 1.11. The firm’s 50 day simple moving average is $191.84 and its two-hundred day simple moving average is $191.83.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a yield of 1.06%. J.B. Hunt Transport Services’s payout ratio is 27.30%.

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

In other news, EVP Eric Mcgee sold 3,800 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.56, for a total value of $807,728.00. Following the sale, the executive vice president now directly owns 464 shares of the company’s stock, valued at approximately $98,627.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Eric Mcgee sold 3,800 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $212.56, for a total value of $807,728.00. Following the completion of the transaction, the executive vice president now owns 464 shares of the company’s stock, valued at approximately $98,627.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John N. Roberts acquired 6,200 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was bought at an average cost of $161.06 per share, with a total value of $998,572.00. Following the acquisition, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 15,454 shares of company stock worth $3,283,219. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Company 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.