J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,339,795 shares of the transportation company’s stock after selling 3,433 shares during the quarter. Victory Capital Management Inc. owned 2.29% of J.B. Hunt Transport Services worth $374,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. VELA Investment Management LLC lifted its stake in J.B. Hunt Transport Services by 152.9% during the second quarter. VELA Investment Management LLC now owns 9,819 shares of the transportation company’s stock valued at $1,571,000 after buying an additional 5,937 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of J.B. Hunt Transport Services by 23.2% in the 2nd quarter. National Bank of Canada FI now owns 23,232 shares of the transportation company’s stock valued at $3,686,000 after purchasing an additional 4,369 shares during the period. TD Asset Management Inc increased its holdings in shares of J.B. Hunt Transport Services by 3.5% in the 2nd quarter. TD Asset Management Inc now owns 433,197 shares of the transportation company’s stock valued at $69,312,000 after purchasing an additional 14,746 shares during the period. Legacy Capital Wealth Partners LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $19,755,000. Finally, nVerses Capital LLC acquired a new position in J.B. Hunt Transport Services in the second quarter worth approximately $32,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of research reports. Evercore ISI dropped their price objective on J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Stifel Nicolaus dropped their price objective on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a report on Tuesday, July 23rd. BMO Capital Markets increased their price objective on J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Loop Capital dropped their price objective on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Finally, Morgan Stanley lowered their price target on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $181.88.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $169.30 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 2.91 and a beta of 1.14. The stock has a 50-day moving average price of $166.95 and a 200 day moving average price of $174.18.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the business posted $1.81 EPS. J.B. Hunt Transport Services’s quarterly revenue was down 6.5% on a year-over-year basis. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Persio V. Lisboa bought 600 shares of the business’s stock in a transaction on Friday, July 19th. The shares were purchased at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the purchase, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.