UMB Bank n.a. reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 96.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 229 shares of the transportation company's stock after selling 7,176 shares during the period. UMB Bank n.a.'s holdings in J.B. Hunt Transport Services were worth $39,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. Silvercrest Asset Management Group LLC increased its position in shares of J.B. Hunt Transport Services by 24.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company's stock valued at $5,838,000 after purchasing an additional 5,767 shares during the last quarter. Vanguard Group Inc. increased its position in shares of J.B. Hunt Transport Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company's stock valued at $1,946,628,000 after purchasing an additional 25,109 shares during the last quarter. Jennison Associates LLC increased its position in shares of J.B. Hunt Transport Services by 11.2% in the 1st quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company's stock valued at $39,413,000 after purchasing an additional 19,987 shares during the last quarter. FORA Capital LLC increased its position in shares of J.B. Hunt Transport Services by 215.2% in the 1st quarter. FORA Capital LLC now owns 14,867 shares of the transportation company's stock valued at $2,962,000 after purchasing an additional 10,150 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $690,000. 74.95% of the stock is owned by hedge funds and other institutional investors.
J.B. Hunt Transport Services Stock Performance
Shares of JBHT stock traded down $0.81 during mid-day trading on Tuesday, hitting $174.65. The stock had a trading volume of 1,644,817 shares, compared to its average volume of 843,116. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The firm has a market cap of $18.02 billion, a PE ratio of 27.72, a PEG ratio of 2.84 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The company's 50-day simple moving average is $169.93 and its 200-day simple moving average is $167.70.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the business posted $1.81 EPS. The firm's revenue was down 6.5% on a year-over-year basis. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.6 earnings per share for the current year.
J.B. Hunt Transport Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 27.30%.
Wall Street Analysts Forecast Growth
JBHT has been the topic of a number of recent analyst reports. Loop Capital dropped their target price on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a "hold" rating on the stock in a research report on Thursday, July 18th. JPMorgan Chase & Co. dropped their target price on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 9th. Evercore ISI dropped their target price on shares of J.B. Hunt Transport Services from $185.00 to $183.00 and set an "outperform" rating on the stock in a research report on Thursday, October 3rd. Susquehanna increased their target price on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, September 26th. Finally, Barclays dropped their target price on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $183.50.
Read Our Latest Stock Analysis on JBHT
Insider Transactions at J.B. Hunt Transport Services
In related news, EVP Darren P. Field sold 3,000 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Darren P. Field sold 3,000 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Persio V. Lisboa acquired 600 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the purchase, the director now directly owns 3,594 shares of the company's stock, valued at approximately $587,511.18. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company's stock.
About J.B. Hunt Transport Services
(
Free Report)
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.
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