Trust Investment Advisors Buys Shares of 4,500 J B Hunt Transport Services Inc (NASDAQ:JBHT)

Trust Investment Advisors bought a new stake in J B Hunt Transport Services Inc (NASDAQ:JBHT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,500 shares of the transportation company’s stock, valued at approximately $411,000.

A number of other large investors have also bought and sold shares of JBHT. Nissay Asset Management Corp Japan ADV grew its stake in shares of J B Hunt Transport Services by 1.9% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 21,036 shares of the transportation company’s stock valued at $2,131,000 after buying an additional 385 shares in the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of J B Hunt Transport Services by 2.1% in the first quarter. Piedmont Investment Advisors Inc. now owns 7,752 shares of the transportation company’s stock valued at $785,000 after buying an additional 158 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of J B Hunt Transport Services by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 1,239,550 shares of the transportation company’s stock valued at $115,143,000 after buying an additional 74,521 shares in the last quarter. IFM Investors Pty Ltd grew its stake in shares of J B Hunt Transport Services by 32.8% in the first quarter. IFM Investors Pty Ltd now owns 5,814 shares of the transportation company’s stock valued at $589,000 after buying an additional 1,437 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of J B Hunt Transport Services by 29.4% in the first quarter. Ontario Teachers Pension Plan Board now owns 12,799 shares of the transportation company’s stock valued at $1,296,000 after buying an additional 2,906 shares in the last quarter. Institutional investors own 74.01% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets dropped their price objective on J B Hunt Transport Services from $110.00 to $106.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. Zacks Investment Research cut J B Hunt Transport Services from a “hold” rating to a “sell” rating and set a $94.00 price objective for the company. in a research note on Thursday, June 20th. Susquehanna Bancshares lifted their price objective on J B Hunt Transport Services from $110.00 to $114.00 in a research note on Tuesday, July 16th. ValuEngine raised J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Argus cut J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $107.13.

JBHT traded down $0.57 on Friday, hitting $98.71. 458,608 shares of the company were exchanged, compared to its average volume of 1,600,317. J B Hunt Transport Services Inc has a twelve month low of $83.64 and a twelve month high of $127.93. The stock has a market capitalization of $10.60 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.20 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $95.74.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, July 15th. The transportation company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts forecast that J B Hunt Transport Services Inc will post 5.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $1.04 annualized dividend and a yield of 1.05%. J B Hunt Transport Services’s payout ratio is 18.34%.

In related news, insider John N. Roberts bought 2,319 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average cost of $86.23 per share, with a total value of $199,967.37. Following the purchase, the insider now directly owns 288,739 shares of the company’s stock, valued at approximately $24,897,963.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David G. Mee sold 6,141 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $103.82, for a total value of $637,558.62. Following the transaction, the chief financial officer now directly owns 117,291 shares of the company’s stock, valued at $12,177,151.62. The disclosure for this sale can be found here. Insiders have sold a total of 19,341 shares of company stock valued at $1,976,203 over the last three months. 3.60% of the stock is currently owned by insiders.

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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