Skandinaviska Enskilda Banken AB publ Sells 117,534 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Skandinaviska Enskilda Banken AB publ reduced its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 87.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,538 shares of the transportation company’s stock after selling 117,534 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in J.B. Hunt Transport Services were worth $2,646,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc increased its position in J.B. Hunt Transport Services by 382.1% in the 2nd 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 in the last quarter. Innealta Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. YHB Investment Advisors Inc. bought a new position in J.B. Hunt Transport Services in the 1st quarter worth approximately $40,000. nVerses Capital LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth $36,000. 74.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were 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 of the company’s stock, valued at $2,476,674.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Persio V. Lisboa acquired 600 shares of the company’s 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 purchase, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the firm’s 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 directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Loop Capital dropped their target price on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a research report on Thursday, July 18th. JPMorgan Chase & Co. cut their target price on shares of 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. Stifel Nicolaus reduced their target price on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a research note on Tuesday, July 23rd. Morgan Stanley cut 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 report on Monday, July 8th. Finally, Barclays reduced their price objective 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 research note on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average price target of $181.88.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $170.19 on Tuesday. The firm’s 50 day moving average price is $169.14 and its two-hundred day moving average price is $170.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The firm has a market cap of $17.56 billion, a P/E ratio of 27.01, a PEG ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share 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 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%. J.B. Hunt Transport Services’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 earnings per share. On average, analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s payout ratio is 27.30%.

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.