TD Asset Management Inc Trims Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

TD Asset Management Inc decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 51.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 101,325 shares of the transportation company’s stock after selling 106,222 shares during the quarter. TD Asset Management Inc’s holdings in J.B. Hunt Transport Services were worth $13,595,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 411.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after purchasing an additional 1,447,993 shares during the period. Norges Bank acquired a new position in J.B. Hunt Transport Services in the second quarter valued at about $91,094,000. JPMorgan Chase & Co. boosted its stake in J.B. Hunt Transport Services by 18.4% during the third quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock worth $358,510,000 after buying an additional 416,167 shares during the period. Park Presidio Capital LLC increased its position in shares of J.B. Hunt Transport Services by 149.5% during the second quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company’s stock valued at $96,337,000 after acquiring an additional 401,937 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of J.B. Hunt Transport Services by 178.9% in the 2nd quarter. First Trust Advisors LP now owns 428,704 shares of the transportation company’s stock valued at $61,562,000 after acquiring an additional 275,017 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $233.41 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.81. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $234.82. The firm has a market capitalization of $22.08 billion, a P/E ratio of 38.01, a P/E/G ratio of 1.90 and a beta of 1.23. The company’s fifty day moving average price is $211.37 and its 200 day moving average price is $176.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Thursday, January 15th. The transportation company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.10 billion. J.B. Hunt Transport Services had a return on equity of 16.33% and a net margin of 4.99%.The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.53 earnings per share. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, February 6th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio is currently 29.32%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of J.B. Hunt Transport Services from $169.00 to $187.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. UBS Group upped their price target on J.B. Hunt Transport Services from $174.00 to $196.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Vertical Research cut shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a report on Thursday, January 8th. Wells Fargo & Company upped their price target on J.B. Hunt Transport Services from $170.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Finally, Citigroup downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $175.00 to $221.00 in a research note on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $203.00.

Insiders Place Their Bets

In other news, insider Bradley W. Hicks sold 4,028 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $225.13, for a total transaction of $906,823.64. Following the transaction, the insider directly owned 30,395 shares in the company, valued at approximately $6,842,826.35. This trade represents a 11.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darren P. Field sold 9,000 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $219.76, for a total transaction of $1,977,840.00. Following the completion of the sale, the executive vice president owned 10,736 shares of the company’s stock, valued at approximately $2,359,343.36. This trade represents a 45.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 29,091 shares of company stock valued at $6,148,023. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.