J B Hunt Transport Services Inc (NASDAQ:JBHT) Shares Sold by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. decreased its stake in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 17.4% during the 2nd quarter, Holdings Channel reports. The firm owned 1,171 shares of the transportation company’s stock after selling 247 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in J B Hunt Transport Services were worth $107,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LS Investment Advisors LLC grew its position in shares of J B Hunt Transport Services by 2.7% in the second quarter. LS Investment Advisors LLC now owns 3,964 shares of the transportation company’s stock valued at $362,000 after purchasing an additional 105 shares during the period. Securian Asset Management Inc grew its position in shares of J B Hunt Transport Services by 1.2% in the second quarter. Securian Asset Management Inc now owns 8,924 shares of the transportation company’s stock valued at $816,000 after purchasing an additional 106 shares during the period. Meadow Creek Investment Management LLC grew its position in shares of J B Hunt Transport Services by 2.2% in the second quarter. Meadow Creek Investment Management LLC now owns 5,104 shares of the transportation company’s stock valued at $467,000 after purchasing an additional 110 shares during the period. Veritable L.P. grew its position in shares of J B Hunt Transport Services by 5.3% in the second quarter. Veritable L.P. now owns 2,205 shares of the transportation company’s stock valued at $202,000 after purchasing an additional 111 shares during the period. Finally, FTB Advisors Inc. grew its position in shares of J B Hunt Transport Services by 49.2% in the second quarter. FTB Advisors Inc. now owns 373 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 123 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.

JBHT opened at $115.76 on Friday. The firm has a market capitalization of $12.48 billion, a PE ratio of 20.42, a PEG ratio of 1.42 and a beta of 1.14. J B Hunt Transport Services Inc has a twelve month low of $83.64 and a twelve month high of $117.55. The firm’s 50-day moving average price is $112.29 and its 200 day moving average price is $100.08. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.58.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.05). The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. J B Hunt Transport Services had a return on equity of 28.34% and a net margin of 5.46%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 earnings per share. As a group, analysts predict that J B Hunt Transport Services Inc will post 5.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Thursday, November 7th. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 18.34%.

In other J B Hunt Transport Services news, CMO Shelley Simpson sold 5,000 shares of J B Hunt Transport Services stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.75, for a total transaction of $503,750.00. Following the transaction, the chief marketing officer now directly owns 67,809 shares of the company’s stock, valued at $6,831,756.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bradley W. Hicks sold 1,500 shares of J B Hunt Transport Services stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $116.67, for a total transaction of $175,005.00. Following the transaction, the executive vice president now directly owns 16,193 shares in the company, valued at $1,889,237.31. The disclosure for this sale can be found here. Insiders have sold 87,950 shares of company stock worth $9,803,681 over the last ninety days. 3.60% of the stock is owned by insiders.

Several brokerages have recently issued reports on JBHT. BidaskClub upgraded shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Knight Equity lowered shares of J B Hunt Transport Services from a “top pick” rating to a “neutral” rating and dropped their target price for the company from $124.00 to $119.00 in a research report on Tuesday, October 8th. They noted that the move was a valuation call. Susquehanna Bancshares lowered shares of J B Hunt Transport Services from a “positive” rating to a “neutral” rating and dropped their target price for the company from $124.00 to $119.00 in a research report on Tuesday, October 8th. Citigroup set a $120.00 price target on shares of J B Hunt Transport Services and gave the stock a “hold” rating in a research report on Thursday, September 12th. Finally, Loop Capital lowered shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. J B Hunt Transport Services presently has an average rating of “Hold” and an average target price of $110.18.

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 in 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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