Envestnet Asset Management Inc. Sells 12,305 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Envestnet Asset Management Inc. trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 120,205 shares of the transportation company’s stock after selling 12,305 shares during the period. Envestnet Asset Management Inc. owned about 0.12% of J.B. Hunt Transport Services worth $19,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Studio Investment Management LLC boosted its stake in shares of J.B. Hunt Transport Services by 6.6% in the 2nd quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock worth $162,000 after buying an additional 63 shares during the last quarter. Czech National Bank grew its stake in 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 period. Tokio Marine Asset Management Co. Ltd. increased 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 valued at $460,000 after purchasing an additional 83 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of J.B. Hunt Transport Services by 19.3% during the 2nd quarter. GAMMA Investing LLC now owns 593 shares of the transportation company’s stock worth $95,000 after purchasing an additional 96 shares during the period. Finally, Blair William & Co. IL boosted its holdings in shares of J.B. Hunt Transport Services by 0.3% in the 1st quarter. Blair William & Co. IL now owns 36,113 shares of the transportation company’s stock worth $7,196,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.7 %

NASDAQ JBHT opened at $170.19 on Tuesday. The stock’s 50 day moving average is $169.14 and its 200 day moving average is $170.74. 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 firm has a market capitalization of $17.56 billion, a PE ratio of 27.01, a P/E/G ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations 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 company’s revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 earnings per share. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Analyst Ratings Changes

A number of research firms recently issued reports on JBHT. Susquehanna decreased their price objective on shares of 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. Barclays lowered their price target on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. TD Cowen reduced their price objective on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a report on Wednesday, July 17th. Wells Fargo & Company assumed coverage on 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. Finally, JPMorgan Chase & Co. dropped their price target on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $181.88.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa purchased 600 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the transaction, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The acquisition was disclosed in a 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 stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, 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 currently owned by corporate insiders.

About J.B. Hunt Transport Services

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.