Villere ST Denis J & Co. LLC Has $294,000 Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Villere ST Denis J & Co. LLC decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 98.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,050 shares of the transportation company’s stock after selling 179,101 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in J.B. Hunt Transport Services were worth $294,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Summit Securities Group LLC increased its stake in shares of J.B. Hunt Transport Services by 19,600.0% during the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock worth $29,000 after purchasing an additional 196 shares during the last quarter. Allworth Financial LP grew its stake in J.B. Hunt Transport Services by 167.0% in the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock valued at $35,000 after buying an additional 147 shares during the last quarter. National Pension Service grew its stake in J.B. Hunt Transport Services by 74.9% in the 1st quarter. National Pension Service now owns 306 shares of the transportation company’s stock valued at $45,000 after buying an additional 131 shares during the last quarter. Farther Finance Advisors LLC grew its stake in J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after buying an additional 88 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock valued at $49,000 after buying an additional 109 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the topic of a number of research analyst reports. Morgan Stanley lowered their target price on shares of J.B. Hunt Transport Services from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Monday. Baird R W upgraded shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. lowered their target price on shares of J.B. Hunt Transport Services from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday. Barclays lowered their target price on shares of J.B. Hunt Transport Services from $145.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. Finally, Robert W. Baird initiated coverage on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They issued an “outperform” rating and a $169.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $160.00.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee acquired 1,148 shares of J.B. Hunt Transport Services stock in a transaction dated Monday, August 4th. The stock was bought at an average cost of $140.76 per share, with a total value of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Keefauver sold 989 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the transaction, the executive vice president directly owned 946 shares of the company’s stock, valued at $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Price Performance

Shares of J.B. Hunt Transport Services stock opened at $137.09 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The firm has a fifty day moving average price of $140.30 and a two-hundred day moving average price of $141.11. The company has a market cap of $13.27 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the company earned $1.32 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 32.00%.

J.B. Hunt Transport Services Company 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.