American International Group Inc. Sells 3,645 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

American International Group Inc. cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,148 shares of the transportation company’s stock after selling 3,645 shares during the period. American International Group Inc.’s holdings in J.B. Hunt Transport Services were worth $3,904,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in JBHT. State Board of Administration of Florida Retirement System raised its stake in shares of J.B. Hunt Transport Services by 1.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 143,459 shares of the transportation company’s stock worth $13,109,000 after buying an additional 1,439 shares during the period. Legal & General Group Plc raised its stake in J.B. Hunt Transport Services by 10.8% during the 2nd quarter. Legal & General Group Plc now owns 464,511 shares of the transportation company’s stock valued at $42,446,000 after purchasing an additional 45,277 shares during the period. Stephens Inc. AR raised its stake in J.B. Hunt Transport Services by 12.2% during the 2nd quarter. Stephens Inc. AR now owns 33,243 shares of the transportation company’s stock valued at $3,038,000 after purchasing an additional 3,617 shares during the period. Victory Capital Management Inc. raised its stake in J.B. Hunt Transport Services by 18.7% during the 2nd quarter. Victory Capital Management Inc. now owns 20,718 shares of the transportation company’s stock valued at $1,893,000 after purchasing an additional 3,267 shares during the period. Finally, American Century Companies Inc. raised its stake in J.B. Hunt Transport Services by 30.8% during the 2nd quarter. American Century Companies Inc. now owns 1,095,010 shares of the transportation company’s stock valued at $100,062,000 after purchasing an additional 257,725 shares during the period. 70.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) traded down $0.26 during trading on Friday, hitting $114.98. The stock had a trading volume of 1,133,974 shares, compared to its average volume of 840,636. J.B. Hunt Transport Services, Inc. has a 12-month low of $83.35 and a 12-month high of $116.84. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.74. The stock has a market cap of $12,647.81, a PE ratio of 30.58, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. equities analysts expect that J.B. Hunt Transport Services, Inc. will post 3.74 EPS for the current year.

Several analysts recently issued reports on the company. Barclays lifted their target price on J.B. Hunt Transport Services from $97.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 2nd. Cowen reissued a “buy” rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a research note on Sunday, October 1st. Loop Capital reissued a “buy” rating and set a $116.00 target price on shares of J.B. Hunt Transport Services in a research note on Monday, October 16th. Robert W. Baird restated a “hold” rating and set a $120.00 price target on shares of J.B. Hunt Transport Services in a report on Friday. Finally, Stifel Nicolaus cut their price target on J.B. Hunt Transport Services from $114.00 to $111.00 and set a “buy” rating for the company in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $112.33.

In related news, SVP John Kuhlow sold 500 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $112.55, for a total transaction of $56,275.00. Following the transaction, the senior vice president now directly owns 3,499 shares of the company’s stock, valued at approximately $393,812.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Earl Wayne Garrison sold 100,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $109.29, for a total value of $10,929,000.00. Following the transaction, the director now directly owns 2,050,000 shares in the company, valued at $224,044,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,500 shares of company stock valued at $11,095,605. Corporate insiders own 4.30% of the company’s stock.

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J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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