Vanguard Personalized Indexing Management LLC Increases Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 26.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,791 shares of the transportation company’s stock after buying an additional 1,814 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,407,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in J.B. Hunt Transport Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after acquiring an additional 25,109 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of J.B. Hunt Transport Services by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock valued at $231,416,000 after purchasing an additional 5,179 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 valued at $152,589,000 after purchasing an additional 193,684 shares during the period. FIL Ltd grew its holdings in shares of J.B. Hunt Transport Services by 15.7% in the fourth quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock worth $177,336,000 after purchasing an additional 120,202 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in J.B. Hunt Transport Services by 1.5% in the 4th quarter. Stifel Financial Corp now owns 608,148 shares of the transportation company’s stock worth $121,472,000 after buying an additional 8,872 shares during the period. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 3.3 %

Shares of J.B. Hunt Transport Services stock opened at $169.01 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The company has a market cap of $17.44 billion, a P/E ratio of 26.83, a PEG ratio of 2.84 and a beta of 1.15. The firm’s 50 day moving average price is $169.13 and its 200-day moving average price is $170.96. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the firm posted $1.81 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on JBHT shares. BMO Capital Markets boosted their price objective on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Susquehanna lowered their price target on J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Wednesday, July 17th. Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a report on Tuesday, July 23rd. TD Cowen decreased their target price on 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. Finally, Wells Fargo & Company started coverage on J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an “overweight” rating and a $185.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $181.88.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were acquired 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 of the company’s stock, valued at $587,511.18. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Persio V. Lisboa bought 600 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the company’s 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 disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

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.