Banque Cantonale Vaudoise Lowers Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Banque Cantonale Vaudoise reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 78.2% during the first quarter, Holdings Channel reports. The firm owned 786 shares of the transportation company’s stock after selling 2,819 shares during the period. Banque Cantonale Vaudoise’s holdings in J.B. Hunt Transport Services were worth $167,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services during the fourth quarter worth $32,000. MUFG Securities EMEA plc bought a new stake in J.B. Hunt Transport Services during the second quarter worth $34,000. Whittier Trust Co. boosted its position in J.B. Hunt Transport Services by 39.1% in the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after purchasing an additional 50 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Nicholas Hobbs sold 1,272 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the completion of the transaction, the chief operating officer directly owned 91,736 shares in the company, valued at approximately $23,002,802. The trade was a 1.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the sale, the executive vice president directly owned 15,881 shares in the company, valued at $4,510,362.81. The trade was a 8.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,119 shares of company stock worth $4,736,095 in the last 90 days. 2.50% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Trading Up 2.7%

Shares of JBHT opened at $287.89 on Tuesday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $293.54. The business has a 50-day moving average of $264.32 and a 200 day moving average of $230.05. The firm has a market cap of $27.15 billion, a P/E ratio of 44.57, a price-to-earnings-growth ratio of 2.09 and a beta of 1.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.45 by $0.04. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, May 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JBHT shares. Citigroup raised their target price on J.B. Hunt Transport Services from $228.00 to $236.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. TD Cowen increased their price target on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Evercore restated an “outperform” rating and set a $248.00 price objective on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Stifel Nicolaus lifted their price objective on shares of J.B. Hunt Transport Services from $201.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, April 2nd. Finally, Benchmark boosted their target price on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $239.87.

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.