Cigna Investments Inc. New Sells 200 Shares of J B Hunt Transport Services Inc (JBHT)

Cigna Investments Inc. New lessened its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 7.5% in the first quarter, Holdings Channel reports. The fund owned 2,478 shares of the transportation company’s stock after selling 200 shares during the quarter. Cigna Investments Inc. New’s holdings in J B Hunt Transport Services were worth $251,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Twin Tree Management LP raised its holdings in shares of J B Hunt Transport Services by 86.9% during the first quarter. Twin Tree Management LP now owns 6,066 shares of the transportation company’s stock worth $614,000 after acquiring an additional 2,821 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of J B Hunt Transport Services by 63.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,666 shares of the transportation company’s stock worth $2,533,000 after acquiring an additional 7,993 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in shares of J B Hunt Transport Services by 9.3% during the first quarter. Commonwealth Bank of Australia now owns 9,368 shares of the transportation company’s stock worth $944,000 after acquiring an additional 800 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of J B Hunt Transport Services by 17.0% during the first quarter. PNC Financial Services Group Inc. now owns 6,790 shares of the transportation company’s stock worth $688,000 after acquiring an additional 989 shares in the last quarter. Finally, Advisor Group Inc. increased its position in J B Hunt Transport Services by 19.4% during the first quarter. Advisor Group Inc. now owns 13,437 shares of the transportation company’s stock worth $1,361,000 after buying an additional 2,185 shares during the last quarter. Institutional investors own 72.94% of the company’s stock.

Several research firms have commented on JBHT. BidaskClub downgraded shares of J B Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 30th. Bank of America downgraded shares of J B Hunt Transport Services from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $110.00 to $95.00 in a research report on Tuesday, May 28th. ValuEngine downgraded shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. Finally, Deutsche Bank downgraded shares of J B Hunt Transport Services from a “buy” rating to a “sell” rating and set a $98.51 target price on the stock. in a research report on Wednesday, April 17th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. J B Hunt Transport Services has an average rating of “Hold” and a consensus price target of $114.39.

In other J B Hunt Transport Services news, Director Gary Charles George purchased 5,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were bought at an average cost of $94.52 per share, with a total value of $472,600.00. Following the completion of the transaction, the director now owns 43,369 shares in the company, valued at approximately $4,099,237.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John N. Roberts purchased 2,319 shares of the stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average cost of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the transaction, the insider now owns 288,739 shares of the company’s stock, valued at approximately $24,897,963.97. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.

J B Hunt Transport Services stock opened at $88.49 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 1.00 and a beta of 1.10. J B Hunt Transport Services Inc has a one year low of $83.64 and a one year high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.16). The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.17 billion. J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. On average, sell-side analysts predict that J B Hunt Transport Services Inc will post 5.7 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Thursday, May 2nd. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.

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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).

Further Reading: What is the Book Value of a Share?

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

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