Bank of America Corp DE decreased its holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 13.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 357,447 shares of the transportation company’s stock after selling 57,000 shares during the quarter. Bank of America Corp DE’s holdings in J B Hunt Transport Services were worth $43,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of JBHT. Tower Research Capital LLC TRC grew its holdings in J B Hunt Transport Services by 38.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 524 shares of the transportation company’s stock valued at $48,000 after buying an additional 145 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of J B Hunt Transport Services by 227.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 708 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 492 shares in the last quarter. CSat Investment Advisory L.P. raised its position in shares of J B Hunt Transport Services by 22.0% in the 1st quarter. CSat Investment Advisory L.P. now owns 775 shares of the transportation company’s stock valued at $71,000 after purchasing an additional 140 shares in the last quarter. Bessemer Group Inc. raised its position in shares of J B Hunt Transport Services by 83.0% in the 2nd quarter. Bessemer Group Inc. now owns 644 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 292 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of J B Hunt Transport Services by 39.7% in the 2nd quarter. Parallel Advisors LLC now owns 683 shares of the transportation company’s stock valued at $82,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 73.39% of the company’s stock.

Several research firms recently issued reports on JBHT. Stifel Nicolaus upped their price target on J B Hunt Transport Services from $118.00 to $122.00 and gave the company a “hold” rating in a research report on Friday, July 24th. KeyCorp upped their price target on J B Hunt Transport Services from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Citigroup upped their price target on J B Hunt Transport Services from $137.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. Evercore ISI started coverage on J B Hunt Transport Services in a research note on Monday, August 10th. They set an “outperform” rating for the company. Finally, Deutsche Bank upgraded J B Hunt Transport Services from a “sell” rating to a “hold” rating and upped their price objective for the stock from $98.00 to $140.00 in a research note on Thursday, July 16th. Sixteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. J B Hunt Transport Services has a consensus rating of “Hold” and an average target price of $132.84.

Shares of NASDAQ JBHT opened at $132.98 on Wednesday. J B Hunt Transport Services Inc has a 12 month low of $75.29 and a 12 month high of $144.35. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 1.90 and a beta of 0.97. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $136.58 and a 200-day simple moving average of $114.36.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, July 16th. The transportation company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.83 by $0.31. J B Hunt Transport Services had a return on equity of 22.88% and a net margin of 5.65%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the business posted $1.37 earnings per share. As a group, sell-side analysts expect that J B Hunt Transport Services Inc will post 4.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, August 6th. J B Hunt Transport Services’s dividend payout ratio is 22.09%.

In related news, Director Gary Charles George sold 56,000 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $135.26, for a total value of $7,574,560.00. Following the completion of the sale, the director now directly owns 40,599 shares of the company’s stock, valued at approximately $5,491,420.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Bradley W. Hicks sold 2,523 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $137.14, for a total value of $346,004.22. Following the completion of the sale, the executive vice president now directly owns 15,877 shares of the company’s stock, valued at $2,177,371.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,740 shares of company stock valued at $23,968,399. 3.51% of the stock is currently owned by company insiders.

J B Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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