J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 81.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 38,371 shares of the transportation company’s stock after selling 164,236 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in J.B. Hunt Transport Services were worth $6,139,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Versant Capital Management Inc increased its holdings in shares of J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after buying an additional 149 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth $31,000. YHB Investment Advisors Inc. acquired a new stake in shares of J.B. Hunt Transport Services during the 1st quarter worth $40,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth $36,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

JBHT opened at $169.35 on Thursday. The firm has a market cap of $17.48 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company’s 50-day moving average price is $168.65 and its 200 day moving average price is $171.58. 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 (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.19). The business had revenue of $2.93 billion for 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 was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.81 EPS. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were paid a $0.43 dividend. 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 payout ratio is currently 27.30%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Evercore ISI dropped their price objective on 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. decreased their price target on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Wells Fargo & Company initiated coverage on shares of J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an “overweight” rating and a $185.00 price target for the company. TD Cowen decreased their price target on shares of 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, Morgan Stanley decreased their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.88.

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

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the firm’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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction on 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 completion of the purchase, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Darren P. Field sold 3,000 shares of the firm’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 completion of the sale, 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 owned by company 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.