Hsbc Holdings PLC Has $43.15 Million Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hsbc Holdings PLC lessened its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 269,145 shares of the transportation company’s stock after selling 7,569 shares during the quarter. Hsbc Holdings PLC owned 0.26% of J.B. Hunt Transport Services worth $43,154,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. boosted its stake in J.B. Hunt Transport Services by 2,722.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company’s stock worth $108,600,000 after purchasing an additional 525,729 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after buying an additional 193,684 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter worth about $19,755,000. FIL Ltd grew its holdings in shares of J.B. Hunt Transport Services by 15.7% during the fourth quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock worth $177,336,000 after buying an additional 120,202 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $16,887,000. Institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director Persio V. Lisboa bought 600 shares of the stock in a transaction dated Friday, July 19th. The shares were bought 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 owns 3,594 shares in the company, valued at $587,511.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 in the company, valued at approximately $2,476,674.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction dated Friday, July 19th. The stock was acquired at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Down 3.3 %

JBHT opened at $169.01 on Friday. The stock’s fifty day simple moving average is $169.07 and its 200 day simple moving average is $171.59. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The stock has a market cap of $17.44 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.19). The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. J.B. Hunt Transport Services’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.81 earnings per share. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share 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. Shareholders of record on Friday, August 2nd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.72 annualized dividend and a yield of 1.02%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Analyst Upgrades and Downgrades

JBHT has been the subject of several research reports. Benchmark decreased their price target on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company assumed coverage on shares of J.B. Hunt Transport Services in a research report on Friday, June 7th. They issued an “overweight” rating and a $185.00 target price for the company. Loop Capital cut their price target on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. JPMorgan Chase & Co. decreased their price objective on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Finally, BMO Capital Markets upped their target price on 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. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average 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.