Blair William & Co. IL Sells 116 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Blair William & Co. IL trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 35,997 shares of the transportation company’s stock after selling 116 shares during the period. Blair William & Co. IL’s holdings in J.B. Hunt Transport Services were worth $5,759,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Studio Investment Management LLC boosted its holdings in J.B. Hunt Transport Services by 6.6% in the second quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock valued at $162,000 after acquiring an additional 63 shares during the last quarter. Czech National Bank boosted its stake in shares of J.B. Hunt Transport Services by 0.5% in the 1st quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock valued at $2,859,000 after purchasing an additional 75 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of J.B. Hunt Transport Services by 3.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,310 shares of the transportation company’s stock worth $460,000 after buying an additional 83 shares during the period. GAMMA Investing LLC raised its stake in shares of J.B. Hunt Transport Services by 19.3% during the second quarter. GAMMA Investing LLC now owns 593 shares of the transportation company’s stock worth $95,000 after buying an additional 96 shares during the last quarter. Finally, Empirical Finance LLC raised its stake in shares of J.B. Hunt Transport Services by 3.4% during the first quarter. Empirical Finance LLC now owns 3,019 shares of the transportation company’s stock worth $602,000 after buying an additional 99 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 business’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 sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now directly 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on JBHT shares. Evercore ISI lowered their target price on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. JPMorgan Chase & Co. dropped 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. TD Cowen cut their target price on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. Wells Fargo & Company initiated coverage on J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an “overweight” rating and a $185.00 target price for the company. Finally, Susquehanna reduced their price objective on shares of J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.88.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $169.01 on Friday. The company has a fifty day moving average price of $169.13 and a 200 day moving average price of $171.16. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The firm has a market cap of $17.44 billion, a PE ratio of 26.83, a PEG 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 posted its quarterly earnings data 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). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the business posted $1.81 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were paid 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 dividend yield of 1.02%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

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.