J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Amundi

Amundi lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 36.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 331,164 shares of the transportation company’s stock after selling 188,111 shares during the quarter. Amundi’s holdings in J.B. Hunt Transport Services were worth $50,675,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Summit Securities Group LLC raised its stake in shares of J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 196 shares in the last quarter. Private Trust Co. NA raised its position in J.B. Hunt Transport Services by 57.8% in the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 74 shares in the last quarter. Assetmark Inc. raised its position in J.B. Hunt Transport Services by 418.6% in the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 180 shares in the last quarter. National Pension Service boosted its stake in shares of 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 period. Finally, Farther Finance Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 38.6% during the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after buying an additional 88 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, insider Bradley W. Hicks sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $190.04, for a total value of $380,080.00. Following the transaction, the insider directly owned 30,499 shares in the company, valued at $5,796,029.96. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Albert Brad Delco sold 1,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $179.54, for a total transaction of $179,540.00. Following the completion of the transaction, the chief financial officer directly owned 7,043 shares in the company, valued at $1,264,500.22. This represents a 12.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 15,109 shares of company stock worth $2,688,970. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Trading Down 0.1%

Shares of J.B. Hunt Transport Services stock opened at $189.77 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $18.07 billion, a P/E ratio of 32.89, a PEG ratio of 2.56 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $191.88. The company’s fifty day moving average is $164.01 and its two-hundred day moving average is $150.42.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the firm earned $1.49 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services announced that its Board of Directors has authorized a stock buyback plan on Wednesday, October 22nd that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the transportation company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 30.50%.

Analyst Ratings Changes

A number of brokerages recently issued reports on JBHT. Susquehanna lifted their price target on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Robert W. Baird raised their price objective on shares of J.B. Hunt Transport Services from $164.00 to $173.00 and gave the company an “outperform” rating in a report on Friday, October 17th. TD Cowen boosted their target price on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the stock a “hold” rating in a research note on Thursday, October 16th. Barclays raised their price target on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Thursday, October 16th. Finally, Stephens reaffirmed an “overweight” rating and set a $180.00 price objective on shares of J.B. Hunt Transport Services in a research report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.05.

About J.B. Hunt Transport Services

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.