Banque Cantonale Vaudoise Has $893,000 Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Banque Cantonale Vaudoise trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 65.5% during the first quarter, HoldingsChannel.com reports. The firm owned 4,479 shares of the transportation company’s stock after selling 8,508 shares during the quarter. Banque Cantonale Vaudoise’s holdings in J.B. Hunt Transport Services were worth $893,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JBHT. PNC Financial Services Group Inc. boosted its holdings in J.B. Hunt Transport Services by 3.0% during the third quarter. PNC Financial Services Group Inc. now owns 10,357 shares of the transportation company’s stock worth $1,952,000 after purchasing an additional 303 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in J.B. Hunt Transport Services by 22.7% during the third quarter. Kestra Advisory Services LLC now owns 1,727 shares of the transportation company’s stock worth $326,000 after acquiring an additional 319 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in J.B. Hunt Transport Services during the third quarter worth about $997,000. Envestnet Asset Management Inc. boosted its position in J.B. Hunt Transport Services by 18.6% during the third quarter. Envestnet Asset Management Inc. now owns 133,103 shares of the transportation company’s stock valued at $25,093,000 after purchasing an additional 20,886 shares during the last quarter. Finally, LPL Financial LLC grew its stake in J.B. Hunt Transport Services by 16.8% in the third quarter. LPL Financial LLC now owns 22,804 shares of the transportation company’s stock valued at $4,299,000 after purchasing an additional 3,273 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $156.18 on Friday. The stock’s 50-day moving average is $163.14 and its 200-day moving average is $187.08. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33. The stock has a market cap of $16.12 billion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 1.77 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.12 billion. J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.48 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Insider Activity

In other news, CEO John N. Roberts bought 6,200 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was acquired at an average price of $161.06 per share, with a total value of $998,572.00. Following the transaction, the chief executive officer now owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JBHT. BMO Capital Markets dropped their price objective on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Evercore ISI cut their price target on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. JPMorgan Chase & Co. cut their price target on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Wells Fargo & Company initiated coverage on shares of J.B. Hunt Transport Services in a research report on Friday, June 7th. They issued an “overweight” rating and a $185.00 price objective on the stock. Finally, Robert W. Baird reduced their price target on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $192.76.

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.