J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. trimmed its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,092 shares of the transportation company’s stock after selling 205 shares during the quarter. Royal London Asset Management Ltd.’s holdings in J.B. Hunt Transport Services were worth $6,415,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Silvercrest Asset Management Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 24.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock valued at $5,838,000 after buying an additional 5,767 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 25,109 shares during the period. Empirical Capital Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $8,089,000. Jennison Associates LLC lifted its holdings in shares of J.B. Hunt Transport Services by 11.2% in the 1st quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock valued at $39,413,000 after buying an additional 19,987 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $1,795,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa acquired 600 shares of the 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 directly owns 3,594 shares in the company, valued at $587,511.18. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Persio V. Lisboa bought 600 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, July 19th. The shares were purchased at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the acquisition, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services 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 completion of 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. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on JBHT. Susquehanna dropped their price objective on J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. Morgan Stanley dropped their price objective on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. Wells Fargo & Company began coverage on J.B. Hunt Transport Services in a research note on Friday, June 7th. They issued an “overweight” rating and a $185.00 price objective for the company. 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 research note on Tuesday, July 9th. Finally, Loop Capital dropped their price objective on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average target price of $181.88.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $168.66 on Friday. The company has a market cap of $17.20 billion, a P/E ratio of 26.77, a P/E/G ratio of 2.84 and a beta of 1.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The business has a fifty day simple moving average of $168.21 and a 200-day simple moving average of $172.58.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data 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 business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.81 EPS. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend 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%.

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.