abrdn plc Cuts Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

abrdn plc lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,107,326 shares of the transportation company’s stock after selling 35,399 shares during the quarter. abrdn plc owned about 1.05% of J.B. Hunt Transport Services worth $180,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its holdings in shares of J.B. Hunt Transport Services by 0.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,561,517 shares of the transportation company’s stock valued at $1,607,004,000 after buying an additional 56,726 shares during the last quarter. BlackRock Inc. grew its holdings in shares of J.B. Hunt Transport Services by 3.3% during the first quarter. BlackRock Inc. now owns 6,494,054 shares of the transportation company’s stock valued at $1,091,456,000 after buying an additional 206,246 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of J.B. Hunt Transport Services by 70.4% during the first quarter. Janus Henderson Group PLC now owns 3,535,158 shares of the transportation company’s stock valued at $594,155,000 after buying an additional 1,460,352 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 2.5% during the first quarter. Geode Capital Management LLC now owns 1,475,328 shares of the transportation company’s stock valued at $247,330,000 after buying an additional 35,556 shares during the last quarter. Finally, Standard Life Aberdeen plc grew its holdings in shares of J.B. Hunt Transport Services by 15.2% during the first quarter. Standard Life Aberdeen plc now owns 1,142,725 shares of the transportation company’s stock valued at $192,115,000 after buying an additional 150,872 shares during the last quarter. Institutional investors and hedge funds own 72.73% of the company’s stock.

In related news, EVP Eric Mcgee sold 1,300 shares of the firm’s stock in a transaction on Monday, July 26th. The shares were sold at an average price of $165.53, for a total transaction of $215,189.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Bradley W. Hicks sold 500 shares of the firm’s stock in a transaction on Friday, August 27th. The shares were sold at an average price of $179.19, for a total transaction of $89,595.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,567 shares of company stock worth $628,562 over the last 90 days. Insiders own 3.30% of the company’s stock.

A number of research firms have recently commented on JBHT. BMO Capital Markets increased their price target on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a “market perform” rating in a report on Tuesday, July 20th. Citigroup raised their target price on shares of J.B. Hunt Transport Services from $197.00 to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 14th. Zacks Investment Research cut shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating and set a $176.00 target price on the stock. in a report on Wednesday, June 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of J.B. Hunt Transport Services from $157.00 to $154.00 and set a “hold” rating on the stock in a report on Wednesday, July 21st. Finally, Morgan Stanley raised their target price on shares of J.B. Hunt Transport Services from $150.00 to $153.00 and gave the stock an “equal weight” rating in a report on Thursday, July 8th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Buy” and a consensus price target of $171.68.

Shares of JBHT stock traded up $2.63 on Wednesday, hitting $170.78. 5,169 shares of the stock traded hands, compared to its average volume of 610,769. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 1.73 and a beta of 1.02. J.B. Hunt Transport Services, Inc. has a 52 week low of $119.22 and a 52 week high of $184.38. The firm has a 50 day simple moving average of $171.01 and a two-hundred day simple moving average of $167.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.80 and a quick ratio of 1.80.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Sunday, July 18th. The transportation company reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.06. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.73 billion. J.B. Hunt Transport Services had a net margin of 5.57% and a return on equity of 22.56%. The company’s revenue was up 35.6% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 20th. Stockholders of record on Friday, August 6th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 5th. This represents a $1.20 annualized dividend and a dividend yield of 0.70%. J.B. Hunt Transport Services’s payout ratio is 25.32%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

Featured Article: Why Invest in High-Yield Dividend Stocks?

Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

Receive News & Ratings for J.B. Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.