Advisors Asset Management Inc. Decreases Stake in J.B. Hunt Transport Services, Inc. (JBHT)

Advisors Asset Management Inc. cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 25.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,780 shares of the transportation company’s stock after selling 941 shares during the period. Advisors Asset Management Inc.’s holdings in J.B. Hunt Transport Services were worth $309,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its stake in J.B. Hunt Transport Services by 6.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 68 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in J.B. Hunt Transport Services by 3.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after purchasing an additional 43 shares during the period. Paradigm Asset Management Co. LLC boosted its stake in J.B. Hunt Transport Services by 3.1% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after purchasing an additional 50 shares during the period. Parkwood LLC acquired a new position in J.B. Hunt Transport Services during the 3rd quarter valued at about $202,000. Finally, Morse Asset Management Inc acquired a new position in J.B. Hunt Transport Services during the 3rd quarter valued at about $211,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at $110.41 on Thursday. J.B. Hunt Transport Services, Inc. has a 52-week low of $83.35 and a 52-week high of $112.50. The company has a market cap of $12,094.66, a PE ratio of 29.95, a price-to-earnings-growth ratio of 2.25 and a beta of 1.06. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.48 and a current ratio of 1.48.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Friday, October 13th. The transportation company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm posted $0.97 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 3.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were given a dividend of $0.23 per share. The ex-dividend date was Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.83%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 24.47%.

In other J.B. Hunt Transport Services news, EVP Terrence D. Matthews sold 2,694 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $101.00, for a total transaction of $272,094.00. Following the sale, the executive vice president now directly owns 21,140 shares in the company, valued at approximately $2,135,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Earl Wayne Garrison sold 100,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $109.29, for a total transaction of $10,929,000.00. Following the sale, the director now owns 2,050,000 shares in the company, valued at $224,044,500. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by insiders.

A number of research analysts have issued reports on JBHT shares. Credit Suisse Group reissued a “buy” rating and set a $114.00 target price (up from $100.00) on shares of J.B. Hunt Transport Services in a research note on Thursday, October 12th. They noted that the move was a valuation call. J P Morgan Chase & Co boosted their target price on shares of J.B. Hunt Transport Services from $108.00 to $121.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Stifel Nicolaus raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and boosted their target price for the company from $91.00 to $125.00 in a research note on Friday, September 29th. Robert W. Baird reissued a “hold” rating and set a $112.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, October 6th. Finally, Cowen reissued a “buy” rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. J.B. Hunt Transport Services currently has a consensus rating of “Buy” and a consensus price target of $109.41.

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About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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