Waterloo Capital L.P. Cuts Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Waterloo Capital L.P. cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 37.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,363 shares of the transportation company’s stock after selling 2,041 shares during the quarter. Waterloo Capital L.P.’s holdings in J.B. Hunt Transport Services were worth $538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc lifted its holdings in J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 149 shares during the period. Innealta Capital LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $31,000. YHB Investment Advisors Inc. acquired a new stake in shares of J.B. Hunt Transport Services in the first quarter valued at about $40,000. nVerses Capital LLC purchased a new stake in J.B. Hunt Transport Services during the second quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth about $36,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $169.35 on Thursday. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The stock’s fifty day simple moving average is $168.65 and its 200-day simple moving average is $171.58.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The business had revenue of $2.93 billion during 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 quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.81 earnings per share. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were issued a $0.43 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a yield of 1.02%. J.B. Hunt Transport Services’s payout ratio is 27.30%.

Insider Activity at J.B. Hunt Transport Services

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JBHT. TD Cowen reduced their price target on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Loop Capital reduced their price objective on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, July 18th. BMO Capital Markets boosted their target price on J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Barclays dropped their price target on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Finally, Morgan Stanley decreased their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Monday, July 8th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.88.

J.B. Hunt Transport Services 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.