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

abrdn plc boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 57.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 36,611 shares of the transportation company’s stock after acquiring an additional 13,421 shares during the quarter. abrdn plc’s holdings in J.B. Hunt Transport Services were worth $7,313,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its stake in J.B. Hunt Transport Services by 28.6% during the third quarter. CWM LLC now owns 2,277 shares of the transportation company’s stock worth $429,000 after buying an additional 506 shares during the period. Exchange Traded Concepts LLC purchased a new stake in J.B. Hunt Transport Services during the third quarter worth approximately $45,000. Czech National Bank grew its stake in J.B. Hunt Transport Services by 45.4% during the third quarter. Czech National Bank now owns 14,269 shares of the transportation company’s stock worth $2,690,000 after buying an additional 4,454 shares during the period. Asset Management One Co. Ltd. grew its stake in J.B. Hunt Transport Services by 6.4% during the third quarter. Asset Management One Co. Ltd. now owns 37,081 shares of the transportation company’s stock worth $6,991,000 after buying an additional 2,229 shares during the period. Finally, Uncommon Cents Investing LLC grew its stake in J.B. Hunt Transport Services by 30.1% during the third quarter. Uncommon Cents Investing LLC now owns 2,655 shares of the transportation company’s stock worth $501,000 after buying an additional 615 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Loop Capital decreased their target price on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a research note on Thursday, April 18th. Stifel Nicolaus decreased their target price 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 note on Wednesday, April 17th. TD Cowen decreased their target price on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. StockNews.com downgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Friday, March 8th. Finally, Benchmark restated a “buy” rating and issued a $215.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $194.24.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer purchased 5,000 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, March 4th. The shares were bought at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $1,014,950. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $211.79, for a total value of $159,689.66. Following the sale, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,744,090.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patrick J. Ottensmeyer acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average price of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $1,014,950. The disclosure for this purchase can be found here. In the last three months, insiders have sold 15,454 shares of company stock worth $3,283,219. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Trading Down 1.1 %

J.B. Hunt Transport Services stock opened at $162.01 on Friday. The firm’s 50-day moving average is $192.83 and its 200-day moving average is $192.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.15 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 1 year low of $160.07 and a 1 year high of $219.51. The company has a market cap of $16.74 billion, a P/E ratio of 25.72, a PEG ratio of 2.17 and a beta of 1.11.

About J.B. Hunt Transport Services

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.