Strs Ohio Cuts Stake in J B Hunt Transport Services Inc (NASDAQ:JBHT)

Share on StockTwits

Strs Ohio lowered its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 46.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,236 shares of the transportation company’s stock after selling 8,853 shares during the quarter. Strs Ohio’s holdings in J B Hunt Transport Services were worth $935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in shares of J B Hunt Transport Services by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 1,239,550 shares of the transportation company’s stock valued at $115,143,000 after buying an additional 74,521 shares in the last quarter. DNB Asset Management AS lifted its stake in shares of J B Hunt Transport Services by 6.6% in the first quarter. DNB Asset Management AS now owns 12,280 shares of the transportation company’s stock valued at $1,244,000 after buying an additional 761 shares in the last quarter. Virtu Financial LLC bought a new position in shares of J B Hunt Transport Services in the first quarter valued at $543,000. Retirement Systems of Alabama lifted its stake in shares of J B Hunt Transport Services by 0.4% in the first quarter. Retirement Systems of Alabama now owns 40,507 shares of the transportation company’s stock valued at $4,103,000 after buying an additional 168 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of J B Hunt Transport Services in the first quarter valued at $182,000. 73.48% of the stock is currently owned by institutional investors.

In related news, insider John N. Roberts acquired 2,319 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the acquisition, the insider now owns 288,739 shares of the company’s stock, valued at approximately $24,897,963.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James K. Thompson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $97.33, for a total transaction of $194,660.00. Following the sale, the chairman now owns 41,679 shares of the company’s stock, valued at approximately $4,056,617.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,341 shares of company stock valued at $1,976,203. 3.60% of the stock is currently owned by corporate insiders.

Shares of JBHT stock opened at $101.09 on Wednesday. The firm has a 50-day moving average price of $96.56. The stock has a market capitalization of $10.51 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.19 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.30 and a current ratio of 1.30. J B Hunt Transport Services Inc has a one year low of $83.64 and a one year high of $127.93.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, July 15th. The transportation company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.12). The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 EPS. On average, equities research analysts predict that J B Hunt Transport Services Inc will post 5.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be issued a $0.26 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.04 annualized dividend and a dividend yield of 1.03%. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.

A number of research analysts have weighed in on the stock. Argus lowered shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. ValuEngine raised shares of J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Susquehanna Bancshares raised their price objective on shares of J B Hunt Transport Services from $110.00 to $114.00 in a research note on Tuesday, July 16th. BidaskClub raised shares of J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Finally, UBS Group lowered shares of J B Hunt Transport Services from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $121.00 to $96.00 in a research note on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $107.13.

J B Hunt Transport Services Company 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).

Read More: What is a short straddle?

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

Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Diamond S Shipping Inc  Expected to Announce Quarterly Sales of $155.90 Million
Diamond S Shipping Inc Expected to Announce Quarterly Sales of $155.90 Million
Icahn Enterprises  Downgraded by BidaskClub
Icahn Enterprises Downgraded by BidaskClub
Intercept Pharmaceuticals  Lifted to Hold at BidaskClub
Intercept Pharmaceuticals Lifted to Hold at BidaskClub
Independent Bank Co.  Upgraded at BidaskClub
Independent Bank Co. Upgraded at BidaskClub
Hub Group  Lifted to “Hold” at BidaskClub
Hub Group Lifted to “Hold” at BidaskClub
Heritage Commerce  Upgraded at BidaskClub
Heritage Commerce Upgraded at BidaskClub


© 2006-2019 Ticker Report