Stephens Inc. AR Has $4.06 Million Holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT)

Stephens Inc. AR lifted its holdings in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 16.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,405 shares of the transportation company’s stock after buying an additional 6,245 shares during the period. Stephens Inc. AR’s holdings in J B Hunt Transport Services were worth $4,059,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FMR LLC raised its stake in J B Hunt Transport Services by 60.7% during the first quarter. FMR LLC now owns 4,049,886 shares of the transportation company’s stock worth $410,212,000 after buying an additional 1,529,785 shares during the last quarter. State of Tennessee Treasury Department increased its stake in shares of J B Hunt Transport Services by 702.1% in the 1st quarter. State of Tennessee Treasury Department now owns 277,465 shares of the transportation company’s stock worth $28,104,000 after acquiring an additional 242,873 shares in the last quarter. Stevens Capital Management LP increased its stake in shares of J B Hunt Transport Services by 1,729.6% in the 1st quarter. Stevens Capital Management LP now owns 101,398 shares of the transportation company’s stock worth $10,271,000 after acquiring an additional 95,856 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of J B Hunt Transport Services by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 1,239,550 shares of the transportation company’s stock worth $115,143,000 after acquiring an additional 74,521 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of J B Hunt Transport Services by 49.8% in the 2nd quarter. First Trust Advisors LP now owns 174,428 shares of the transportation company’s stock worth $15,944,000 after acquiring an additional 57,970 shares in the last quarter. Institutional investors own 73.48% of the company’s stock.

Several research analysts recently issued reports on the stock. Credit Suisse Group lowered shares of J B Hunt Transport Services from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $95.00 to $96.00 in a research note on Thursday, July 11th. Cowen reiterated a “market perform” rating and issued a $113.00 price target (up from $112.00) on shares of J B Hunt Transport Services in a research note on Tuesday, July 16th. Deutsche Bank set a $82.00 price objective on shares of J B Hunt Transport Services and gave the company a “sell” rating in a research note on Thursday, July 11th. Zacks Investment Research lowered shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating and set a $94.00 price objective for the company. in a research note on Thursday, June 20th. Finally, Stephens raised their price objective on shares of J B Hunt Transport Services from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $107.13.



In other news, CFO David G. Mee sold 6,141 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $103.82, for a total transaction of $637,558.62. Following the completion of the sale, the chief financial officer now directly owns 117,291 shares of the company’s stock, valued at $12,177,151.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $99.07, for a total transaction of $118,884.00. Following the sale, the executive vice president now directly owns 8,144 shares of the company’s stock, valued at $806,826.08. The disclosure for this sale can be found here. Insiders sold 19,341 shares of company stock worth $1,976,203 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

Shares of JBHT traded up $2.67 on Friday, reaching $98.03. The company’s stock had a trading volume of 35,110 shares, compared to its average volume of 1,237,340. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $10.79 billion, a P/E ratio of 17.16, a PEG ratio of 1.22 and a beta of 1.14. The stock’s 50 day simple moving average is $96.89 and its two-hundred day simple moving average is $98.61. J B Hunt Transport Services Inc has a 12-month low of $83.64 and a 12-month high of $127.93.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.12). J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the firm earned $1.37 EPS. J B Hunt Transport Services’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts expect that J B Hunt Transport Services Inc will post 5.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 1st. J B Hunt Transport Services’s dividend payout ratio is presently 18.34%.

About J B Hunt Transport Services

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 in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

Further Reading: What is the 52-week high/low?

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

Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.