Mercer Global Advisors Inc. ADV Reduces Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mercer Global Advisors Inc. ADV reduced its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 26.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,966 shares of the transportation company’s stock after selling 10,577 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in J.B. Hunt Transport Services were worth $4,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc lifted 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 worth $30,000 after purchasing an additional 149 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC purchased a new position in J.B. Hunt Transport Services during the second quarter worth approximately $36,000. Finally, YHB Investment Advisors Inc. acquired a new position in J.B. Hunt Transport Services during the first quarter worth $40,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Susquehanna cut their target price 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. Benchmark reduced their target price on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Stifel Nicolaus dropped their price target on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a research note on Tuesday, July 23rd. TD Cowen cut 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 report on Wednesday, July 17th. Finally, Wells Fargo & Company began coverage on J.B. Hunt Transport Services in a report on Friday, June 7th. They issued an “overweight” rating and a $185.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.88.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director Persio V. Lisboa purchased 600 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was 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 directly owns 3,594 shares of the company’s stock, valued at $587,511.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Persio V. Lisboa bought 600 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $169.01 on Friday. 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 fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a market cap of $17.44 billion, a P/E ratio of 26.83, a PEG ratio of 2.84 and a beta of 1.15. The firm’s 50 day moving average price is $169.13 and its 200 day moving average price is $171.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the business posted $1.81 earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio is presently 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.