KBC Group NV Sells 12,138 Shares of J.B. Hunt Transport Services, Inc. $JBHT

KBC Group NV cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 39.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,614 shares of the transportation company’s stock after selling 12,138 shares during the quarter. KBC Group NV’s holdings in J.B. Hunt Transport Services were worth $3,944,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JBHT. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth $31,000. International Assets Investment Management LLC bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth about $32,000. MUFG Securities EMEA plc purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $34,000. Whittier Trust Co. lifted its holdings in shares of J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 50 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 34.3% in the 4th 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 during the last quarter. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

JBHT has been the subject of several recent research reports. Bank of America lifted their price target on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. TD Cowen raised their price objective on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Benchmark lifted their target price on J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, June 26th. Argus set a $285.00 target price on J.B. Hunt Transport Services in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. increased their price target 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 research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $286.30.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, insider Bradley W. Hicks sold 7,644 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $261.91, for a total value of $2,002,040.04. Following the sale, the insider owned 23,982 shares in the company, valued at $6,281,125.62. This trade represents a 24.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Spencer Frazier sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total value of $516,400.00. Following the sale, the executive vice president owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. This trade represents a 30.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,847 shares of company stock worth $4,162,861 over the last quarter. 2.50% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $289.37 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $27.29 billion, a P/E ratio of 40.99, a price-to-earnings-growth ratio of 1.84 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $299.76. The company’s 50-day moving average is $278.22 and its 200 day moving average is $241.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.20. The business had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.71 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, August 7th. 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 presently 25.50%.

J.B. Hunt Transport Services Company Profile

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.