J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,061 shares of the transportation company’s stock after acquiring an additional 14,989 shares during the quarter. AE Wealth Management LLC owned 0.10% of J.B. Hunt Transport Services worth $16,970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in J.B. Hunt Transport Services by 26.6% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,006 shares of the transportation company’s stock worth $600,000 after buying an additional 632 shares in the last quarter. Trexquant Investment LP purchased a new stake in J.B. Hunt Transport Services during the fourth quarter worth about $1,463,000. Westfield Capital Management Co. LP boosted its holdings in J.B. Hunt Transport Services by 1.4% during the fourth quarter. Westfield Capital Management Co. LP now owns 438,407 shares of the transportation company’s stock worth $87,567,000 after buying an additional 6,234 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in J.B. Hunt Transport Services by 6.6% during the fourth quarter. Hsbc Holdings PLC now owns 196,945 shares of the transportation company’s stock worth $39,348,000 after buying an additional 12,272 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in J.B. Hunt Transport Services by 1.8% during the fourth quarter. TD Asset Management Inc now owns 398,847 shares of the transportation company’s stock worth $79,666,000 after buying an additional 6,875 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBHT has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. reduced 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. Barclays reduced their price target 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 report on Wednesday, July 17th. Morgan Stanley reduced their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Finally, Loop Capital reduced their price target on shares of 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. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $181.88.

J.B. Hunt Transport Services Trading Down 3.3 %

JBHT opened at $169.01 on Friday. The firm has a market capitalization of $17.44 billion, a P/E ratio of 26.83, a P/E/G ratio of 2.84 and a beta of 1.15. The firm’s 50 day moving average is $169.07 and its 200-day moving average is $171.59. 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 quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data 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). The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.81 EPS. Analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given 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 of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s payout ratio is currently 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In related news, Director Persio V. Lisboa purchased 600 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was acquired 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 owns 3,594 shares of the company’s stock, valued at $587,511.18. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Persio V. Lisboa purchased 600 shares of the firm’s stock in a transaction dated Friday, July 19th. The stock was acquired 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 owns 3,594 shares of the company’s stock, valued at $587,511.18. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the sale, the executive vice president now directly 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. Corporate insiders own 2.10% of the company’s stock.

About J.B. Hunt Transport Services

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.