969 Shares in J B Hunt Transport Services Inc (JBHT) Acquired by Piedmont Investment Advisors LLC

Piedmont Investment Advisors LLC bought a new stake in J B Hunt Transport Services Inc (NASDAQ:JBHT) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 969 shares of the transportation company’s stock, valued at approximately $118,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Azimuth Capital Management LLC increased its holdings in J B Hunt Transport Services by 2.8% in the 1st quarter. Azimuth Capital Management LLC now owns 49,662 shares of the transportation company’s stock worth $5,818,000 after acquiring an additional 1,365 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of J B Hunt Transport Services during the first quarter worth $246,000. Brown Advisory Inc. grew its holdings in shares of J B Hunt Transport Services by 4.8% during the first quarter. Brown Advisory Inc. now owns 361,981 shares of the transportation company’s stock worth $42,405,000 after buying an additional 16,733 shares in the last quarter. Private Trust Co. NA purchased a new stake in shares of J B Hunt Transport Services during the second quarter worth $219,000. Finally, New England Research & Management Inc. purchased a new stake in shares of J B Hunt Transport Services during the second quarter worth $869,000. 75.95% of the stock is owned by institutional investors.

Shares of JBHT opened at $121.57 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.37. J B Hunt Transport Services Inc has a 12-month low of $95.93 and a 12-month high of $131.74. The stock has a market capitalization of $13.24 billion, a P/E ratio of 32.51, a PEG ratio of 1.77 and a beta of 0.94.



J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, July 16th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.09. J B Hunt Transport Services had a net margin of 9.54% and a return on equity of 26.63%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. J B Hunt Transport Services’s quarterly revenue was up 23.9% on a year-over-year basis. equities research analysts anticipate that J B Hunt Transport Services Inc will post 5.41 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 17th. Investors of record on Friday, August 3rd will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, August 2nd. J B Hunt Transport Services’s dividend payout ratio is currently 25.67%.

In related news, EVP Terrence D. Matthews sold 5,163 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $122.11, for a total value of $630,453.93. Following the completion of the sale, the executive vice president now owns 23,810 shares of the company’s stock, valued at $2,907,439.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darren P. Field sold 500 shares of the company’s stock in a transaction dated Friday, May 18th. The shares were sold at an average price of $126.12, for a total transaction of $63,060.00. Following the completion of the sale, the executive vice president now directly owns 2,360 shares of the company’s stock, valued at approximately $297,643.20. The disclosure for this sale can be found here. Insiders sold 183,518 shares of company stock valued at $23,144,177 in the last three months. 4.20% of the stock is currently owned by insiders.

A number of equities research analysts have recently issued reports on JBHT shares. Zacks Investment Research raised shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a report on Tuesday, July 24th. Credit Suisse Group upped their target price on shares of J B Hunt Transport Services from $129.00 to $136.00 and gave the stock an “outperform” rating in a report on Tuesday, April 17th. Citigroup upped their target price on shares of J B Hunt Transport Services from $122.00 to $133.00 and gave the stock a “neutral” rating in a report on Tuesday, July 10th. BidaskClub raised shares of J B Hunt Transport Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 30th. Finally, Morgan Stanley upped their target price on shares of J B Hunt Transport Services from $115.00 to $119.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. J B Hunt Transport Services has an average rating of “Hold” and an average target price of $129.74.

J B Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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