Sei Investments Co. Decreases Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Sei Investments Co. lessened its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 75.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,443 shares of the transportation company’s stock after selling 44,531 shares during the quarter. Sei Investments Co.’s holdings in J.B. Hunt Transport Services were worth $2,311,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Silvercrest Asset Management Group LLC grew its stake in shares of J.B. Hunt Transport Services by 24.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock worth $5,838,000 after acquiring an additional 5,767 shares during the period. Vanguard Group Inc. boosted its position in J.B. Hunt Transport Services by 0.3% during the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock worth $1,946,628,000 after purchasing an additional 25,109 shares during the period. Empirical Capital Management LLC bought a new position in J.B. Hunt Transport Services during the fourth quarter worth about $8,089,000. Jennison Associates LLC increased its stake in shares of J.B. Hunt Transport Services by 11.2% in the first quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock worth $39,413,000 after purchasing an additional 19,987 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $1,795,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 1.3 %

Shares of NASDAQ:JBHT opened at $164.52 on Friday. The firm has a fifty day moving average of $169.89 and a 200 day moving average of $169.55. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $16.98 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 2.86 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.19). The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. J.B. Hunt Transport Services’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.81 earnings per share. As a group, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa bought 600 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the transaction, the director now directly owns 3,594 shares in the company, valued at $587,511.18. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Persio V. Lisboa purchased 600 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was bought at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares in the company, 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.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a research note on Tuesday, July 23rd. Evercore ISI reduced their price target on J.B. Hunt Transport Services from $185.00 to $183.00 and set an “outperform” rating for the company in a research report on Thursday. Loop Capital dropped their price objective on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Barclays cut their target price on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $182.06.

J.B. Hunt Transport Services Profile

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.