Andra AP fonden Sells 3,100 Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT)

Andra AP fonden lowered its position in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 11.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 23,300 shares of the transportation company’s stock after selling 3,100 shares during the quarter. Andra AP fonden’s holdings in J B Hunt Transport Services were worth $2,578,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FTB Advisors Inc. lifted its stake in J B Hunt Transport Services by 49.2% during the second quarter. FTB Advisors Inc. now owns 373 shares of the transportation company’s stock worth $34,000 after purchasing an additional 123 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in J B Hunt Transport Services during the second quarter worth about $46,000. CWM LLC lifted its stake in J B Hunt Transport Services by 122.0% during the second quarter. CWM LLC now owns 637 shares of the transportation company’s stock worth $58,000 after purchasing an additional 350 shares during the last quarter. CSat Investment Advisory L.P. lifted its stake in J B Hunt Transport Services by 99.1% during the second quarter. CSat Investment Advisory L.P. now owns 639 shares of the transportation company’s stock worth $58,000 after purchasing an additional 318 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new stake in J B Hunt Transport Services during the third quarter worth about $111,000. 75.43% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Darren P. Field sold 3,800 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $115.58, for a total transaction of $439,204.00. Following the transaction, the executive vice president now owns 4,344 shares in the company, valued at approximately $502,079.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Earl Wayne Garrison sold 100,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $120.22, for a total value of $12,022,000.00. Following the transaction, the director now owns 1,583,354 shares in the company, valued at approximately $190,350,817.88. The disclosure for this sale can be found here. In the last three months, insiders sold 182,275 shares of company stock valued at $21,350,312. 3.60% of the stock is currently owned by corporate insiders.

Several equities research analysts have issued reports on the company. BidaskClub raised J B Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Wednesday, November 27th. Susquehanna Bancshares lowered J B Hunt Transport Services from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $124.00 to $119.00 in a research note on Tuesday, October 8th. Cowen reaffirmed a “market perform” rating and set a $108.00 price target (down previously from $113.00) on shares of J B Hunt Transport Services in a research note on Wednesday, October 16th. Morgan Stanley dropped their price target on J B Hunt Transport Services from $88.00 to $86.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. Finally, Loop Capital lowered J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $110.29.

NASDAQ JBHT opened at $114.32 on Tuesday. J B Hunt Transport Services Inc has a 1-year low of $83.64 and a 1-year high of $122.29. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $116.73 and a 200-day moving average of $103.64. The firm has a market cap of $12.18 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.42 and a beta of 1.12.

J B Hunt Transport Services (NASDAQ:JBHT) last released its 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). J B Hunt Transport Services had a net margin of 5.46% and a return on equity of 28.45%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the firm posted $1.47 EPS. The company’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that J B Hunt Transport Services Inc will post 5.42 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 7th. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 18.34%.

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 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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