Tredje AP fonden Has $2.08 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Tredje AP fonden trimmed its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,973 shares of the transportation company’s stock after selling 203 shares during the quarter. Tredje AP fonden’s holdings in J.B. Hunt Transport Services were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its stake 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 buying an additional 149 shares in the last quarter. Innealta Capital LLC bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $32,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $36,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of J.B. Hunt Transport Services during the 1st quarter worth about $40,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $174.82 on Friday. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. 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 $18.04 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. The business’s fifty day moving average is $168.84 and its 200-day moving average is $171.57.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results 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 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 net margin of 4.90% and a return on equity of 14.77%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

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 completion of the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Persio V. Lisboa purchased 600 shares of the stock in a transaction on 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 acquisition, the director now directly owns 3,594 shares of the company’s stock, valued at $587,511.18. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JBHT shares. Morgan Stanley dropped their price objective 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 report on Monday, July 8th. Wells Fargo & Company began coverage on J.B. Hunt Transport Services in a research report on Friday, June 7th. They issued an “overweight” rating and a $185.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Stifel Nicolaus cut their price target on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a report on Tuesday, July 23rd. Finally, BMO Capital Markets increased their price objective on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $181.88.

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.