J B Hunt Transport Services Inc (JBHT) Shares Sold by Fmr LLC

Fmr LLC cut its position in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 20.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,410,614 shares of the transportation company’s stock after selling 893,350 shares during the period. Fmr LLC’s holdings in J B Hunt Transport Services were worth $414,560,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in shares of J B Hunt Transport Services by 186.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 915 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 596 shares during the period. Piedmont Investment Advisors LLC acquired a new position in shares of J B Hunt Transport Services in the 2nd quarter worth $118,000. Edge Wealth Management LLC acquired a new position in shares of J B Hunt Transport Services in the 2nd quarter worth $148,000. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of J B Hunt Transport Services in the 2nd quarter worth $167,000. Finally, Private Trust Co. NA acquired a new position in shares of J B Hunt Transport Services in the 2nd quarter worth $219,000. Institutional investors own 73.49% of the company’s stock.

A number of equities analysts recently issued reports on the company. Morgan Stanley set a $118.00 target price on J B Hunt Transport Services and gave the stock a “hold” rating in a report on Monday, October 22nd. Stifel Nicolaus set a $118.00 target price on J B Hunt Transport Services and gave the stock a “hold” rating in a report on Tuesday, October 16th. Credit Suisse Group decreased their target price on J B Hunt Transport Services from $151.00 to $148.00 and set an “outperform” rating on the stock in a report on Tuesday, October 16th. Cowen restated a “hold” rating and issued a $129.00 target price on shares of J B Hunt Transport Services in a report on Tuesday, October 16th. Finally, Loop Capital decreased their target price on J B Hunt Transport Services to $143.00 and set a “buy” rating on the stock in a report on Wednesday, October 10th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company’s stock. J B Hunt Transport Services currently has an average rating of “Hold” and a consensus target price of $129.29.



Shares of J B Hunt Transport Services stock opened at $106.51 on Friday. The firm has a market capitalization of $12.14 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.71 and a beta of 0.93. The company has a quick ratio of 1.13, a current ratio of 1.11 and a debt-to-equity ratio of 0.39. J B Hunt Transport Services Inc has a 12 month low of $100.78 and a 12 month high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, October 15th. The transportation company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. J B Hunt Transport Services had a return on equity of 27.71% and a net margin of 9.49%. J B Hunt Transport Services’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share. As a group, analysts predict that J B Hunt Transport Services Inc will post 5.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Friday, November 9th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.96 annualized dividend and a dividend yield of 0.90%. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.67%.

In other news, EVP Terrence D. Matthews sold 5,163 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was 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 SEC, which is accessible through this link. Also, EVP Bradley W. Hicks sold 500 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $122.43, for a total value of $61,215.00. Following the completion of the sale, the executive vice president now directly owns 16,900 shares of the company’s stock, valued at approximately $2,069,067. The disclosure for this sale can be found here. Company insiders own 4.20% of the company’s stock.

J B Hunt Transport Services Company 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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