J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 61.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,355 shares of the transportation company’s stock after selling 10,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in J.B. Hunt Transport Services were worth $1,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $31,000. nVerses Capital LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $36,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of J.B. Hunt Transport Services in the 1st quarter worth approximately $40,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBHT has been the topic of several recent analyst reports. Evercore ISI decreased their price objective on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. JPMorgan Chase & Co. reduced their target price on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. TD Cowen reduced their target price on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. BMO Capital Markets increased their target price on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Finally, Stifel Nicolaus dropped their price objective on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a research report on Tuesday, July 23rd. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $181.88.

Insider Activity at J.B. Hunt Transport Services

In related news, Director Persio V. Lisboa acquired 600 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares of the company’s stock, valued at $587,511.18. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Persio V. Lisboa bought 600 shares of the company’s stock in a transaction on Friday, July 19th. The shares were acquired at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the acquisition, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.7 %

Shares of NASDAQ:JBHT opened at $167.40 on Tuesday. The stock has a market cap of $17.28 billion, a P/E ratio of 26.57, a P/E/G ratio of 2.84 and a beta of 1.15. The firm has a fifty day moving average price of $168.40 and a 200 day moving average price of $171.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

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.