First Trust Advisors LP Grows Holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT)

First Trust Advisors LP lifted its holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 11.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,458 shares of the transportation company’s stock after acquiring an additional 11,812 shares during the quarter. First Trust Advisors LP owned 0.11% of J B Hunt Transport Services worth $11,796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FTB Advisors Inc. purchased a new position in J B Hunt Transport Services during the first quarter valued at $25,000. Somerset Trust Co lifted its holdings in J B Hunt Transport Services by 169.1% during the first quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 186 shares in the last quarter. CSat Investment Advisory L.P. lifted its holdings in J B Hunt Transport Services by 116.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 181 shares in the last quarter. Thor Advisors LLC purchased a new position in J B Hunt Transport Services during the first quarter valued at $35,000. Finally, Pearl River Capital LLC lifted its holdings in J B Hunt Transport Services by 267.0% during the first quarter. Pearl River Capital LLC now owns 668 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 486 shares in the last quarter. 72.91% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on JBHT shares. Deutsche Bank set a $81.00 price target on shares of Franco Nevada and gave the stock a “hold” rating in a research note on Thursday, July 11th. Cowen reissued a “buy” rating and issued a $258.00 price target on shares of Canadian Pacific Railway in a research note on Tuesday. Barclays decreased their price target on shares of Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 4th. Buckingham Research cut their price objective on shares of Werner Enterprises from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Finally, Stephens restated a “buy” rating and set a $43.00 price objective on shares of PacWest Bancorp in a research report on Tuesday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $107.13.

In other news, EVP Darren P. Field sold 1,200 shares of J B Hunt Transport Services stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $99.07, for a total value of $118,884.00. Following the transaction, the executive vice president now directly owns 8,144 shares of the company’s stock, valued at approximately $806,826.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman James K. Thompson sold 2,000 shares of J B Hunt Transport Services stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $97.33, for a total transaction of $194,660.00. Following the completion of the transaction, the chairman now directly owns 41,679 shares in the company, valued at $4,056,617.07. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by insiders.

Shares of NASDAQ JBHT traded up $4.51 during midday trading on Friday, hitting $103.74. The company’s stock had a trading volume of 2,519,900 shares, compared to its average volume of 1,391,726. The company’s fifty day moving average price is $90.25. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 1.44. J B Hunt Transport Services Inc has a 1 year low of $83.64 and a 1 year high of $127.93. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 1.20 and a beta of 1.11.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12). J B Hunt Transport Services had a return on equity of 29.35% and a net margin of 5.33%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that J B Hunt Transport Services Inc will post 5.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.00%. J B Hunt Transport Services’s dividend payout ratio is currently 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).

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

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