Hsbc Holdings PLC Trims Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Hsbc Holdings PLC reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 36.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 135,480 shares of the transportation company’s stock after selling 76,542 shares during the period. Hsbc Holdings PLC’s holdings in J.B. Hunt Transport Services were worth $26,371,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Root Financial Partners LLC lifted its position in shares of J.B. Hunt Transport Services by 25.4% during the fourth quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after purchasing an additional 47 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the last quarter. Hartford Funds Management Co LLC grew its holdings in shares of J.B. Hunt Transport Services by 1.2% in the fourth quarter. Hartford Funds Management Co LLC now owns 4,189 shares of the transportation company’s stock worth $814,000 after purchasing an additional 49 shares during the last quarter. Whittier Trust Co. increased its stake in 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 worth $37,000 after buying an additional 50 shares during the period. Finally, Huntington National Bank increased its stake in J.B. Hunt Transport Services by 6.7% in the 4th quarter. Huntington National Bank now owns 798 shares of the transportation company’s stock worth $155,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 2.8%

NASDAQ:JBHT opened at $277.74 on Tuesday. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $294.98. The company has a 50-day moving average of $267.92 and a 200 day moving average of $233.13. The firm has a market cap of $26.19 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 2.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.17 EPS. As a group, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 27.86%.

Wall Street Analysts Forecast Growth

JBHT has been the subject of several research reports. Bank of America boosted their price objective on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Robert W. Baird raised their target price on shares of J.B. Hunt Transport Services from $275.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 17th. Weiss Ratings downgraded shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, April 24th. BMO Capital Markets boosted their price target on J.B. Hunt Transport Services from $250.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Finally, TD Cowen increased their price objective on J.B. Hunt Transport Services from $209.00 to $228.00 and gave the stock a “hold” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $240.74.

Insider Activity

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs sold 1,272 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $250.75, for a total transaction of $318,954.00. Following the completion of the sale, the chief operating officer owned 91,736 shares in the company, valued at $23,002,802. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren P. Field sold 4,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total value of $1,017,960.00. Following the sale, the executive vice president owned 8,696 shares of the company’s stock, valued at approximately $2,213,045.04. This represents a 31.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 18,119 shares of company stock valued at $4,736,095. 2.50% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services 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.