Hsbc Holdings PLC Has $43.15 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Hsbc Holdings PLC trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 269,145 shares of the transportation company’s stock after selling 7,569 shares during the period. Hsbc Holdings PLC’s holdings in J.B. Hunt Transport Services were worth $43,154,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JBHT. Studio Investment Management LLC lifted its holdings in shares of J.B. Hunt Transport Services by 6.6% during the second quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock worth $162,000 after purchasing an additional 63 shares during the period. Czech National Bank lifted its holdings in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock worth $2,859,000 after buying an additional 75 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of J.B. Hunt Transport Services by 3.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,310 shares of the transportation company’s stock valued at $460,000 after buying an additional 83 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of J.B. Hunt Transport Services by 19.3% in the second quarter. GAMMA Investing LLC now owns 593 shares of the transportation company’s stock valued at $95,000 after buying an additional 96 shares during the period. Finally, Blair William & Co. IL raised its position in shares of J.B. Hunt Transport Services by 0.3% during the first quarter. Blair William & Co. IL now owns 36,113 shares of the transportation company’s stock worth $7,196,000 after acquiring an additional 97 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Down 3.3 %

Shares of NASDAQ:JBHT opened at $169.01 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The business’s 50 day simple moving average is $169.07 and its two-hundred day simple moving average is $171.59. The firm has a market cap of $17.44 billion, a P/E ratio of 26.83, a PEG ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $3.02 billion. During the same quarter in the prior year, the business earned $1.81 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was down 6.5% on a year-over-year basis. As a group, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Wall Street Analyst Weigh In

A number of research firms recently commented on JBHT. TD Cowen reduced their target price on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. Barclays reduced their price objective 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 note on Wednesday, July 17th. Morgan Stanley lowered their target price on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. Evercore ISI cut their price target on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Finally, Stifel Nicolaus lowered their price objective on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a research report on Tuesday, July 23rd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.88.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 3,000 shares of the company’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 sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Persio V. Lisboa bought 600 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Company 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.