Parallel Advisors LLC Sells 79 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Parallel Advisors LLC lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 7.4% during the first quarter, Holdings Channel.com reports. The firm owned 994 shares of the transportation company’s stock after selling 79 shares during the quarter. Parallel Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in J.B. Hunt Transport Services by 428.4% during the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock worth $215,610,000 after buying an additional 1,024,295 shares during the period. Norges Bank bought a new position in J.B. Hunt Transport Services during the fourth quarter worth about $146,618,000. Demars Financial Group LLC increased its position in J.B. Hunt Transport Services by 16,964.6% during the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company’s stock worth $104,113,000 after acquiring an additional 606,484 shares during the period. Thrivent Financial for Lutherans increased its position in J.B. Hunt Transport Services by 111.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock worth $163,237,000 after acquiring an additional 503,324 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its position in J.B. Hunt Transport Services by 2,408.1% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company’s stock worth $36,502,000 after acquiring an additional 205,360 shares during the period. Institutional investors own 74.95% of the company’s stock.

Wall Street Analysts Forecast Growth

JBHT has been the topic of several recent research reports. Stephens lowered their target price on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Benchmark reaffirmed a “buy” rating and set a $175.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. UBS Group lowered their price objective on J.B. Hunt Transport Services from $196.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price objective on J.B. Hunt Transport Services from $167.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup lowered their price objective on J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average target price of $161.90.

J.B. Hunt Transport Services Trading Down 0.7%

Shares of J.B. Hunt Transport Services stock opened at $139.12 on Friday. The firm has a market capitalization of $13.80 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $136.87 and its 200 day moving average is $158.48. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.44 per share. The ex-dividend date was Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a yield of 1.27%. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.94%.

Insider Buying and Selling

In other news, COO Nicholas Hobbs acquired 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the transaction, the chief operating officer now directly owns 91,847 shares of the company’s stock, valued at approximately $12,008,995.25. The trade was a 1.69% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently 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.