Prospera Financial Services Inc Reduces Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Prospera Financial Services Inc reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) by 69.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 502 shares of the transportation company’s stock after selling 1,150 shares during the period. Prospera Financial Services Inc’s holdings in J.B. Hunt Transport Services were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd raised its holdings in J.B. Hunt Transport Services by 252.2% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 9,696 shares of the transportation company’s stock valued at $1,527,000 after acquiring an additional 6,943 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in shares of J.B. Hunt Transport Services by 1.4% during the 2nd quarter. Coldstream Capital Management Inc. now owns 8,502 shares of the transportation company’s stock valued at $1,339,000 after acquiring an additional 118 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of J.B. Hunt Transport Services by 10.0% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 2,030 shares of the transportation company’s stock worth $320,000 after acquiring an additional 184 shares during the period. MQS Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter worth approximately $452,000. Finally, M&T Bank Corp grew its holdings in J.B. Hunt Transport Services by 24.2% in the second quarter. M&T Bank Corp now owns 3,719 shares of the transportation company’s stock valued at $545,000 after purchasing an additional 725 shares during the period. 73.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Shelley Simpson sold 7,000 shares of the company’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $186.02, for a total value of $1,302,140.00. Following the completion of the transaction, the executive vice president now owns 77,630 shares in the company, valued at approximately $14,440,732.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Shelley Simpson sold 7,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $186.02, for a total value of $1,302,140.00. Following the completion of the transaction, the executive vice president now directly owns 77,630 shares of the company’s stock, valued at approximately $14,440,732.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Spencer Frazier sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction on Monday, November 7th. The shares were sold at an average price of $177.16, for a total value of $177,160.00. Following the sale, the executive vice president now directly owns 3,060 shares in the company, valued at approximately $542,109.60. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

JBHT has been the subject of several research reports. Barclays lowered their price objective on shares of J.B. Hunt Transport Services from $210.00 to $190.00 in a research note on Tuesday, October 11th. Evercore ISI dropped their price target on J.B. Hunt Transport Services to $194.00 in a research note on Thursday, October 20th. Credit Suisse Group lifted their price objective on J.B. Hunt Transport Services from $185.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 19th. Wells Fargo & Company raised their price target on shares of J.B. Hunt Transport Services from $183.00 to $196.00 in a report on Wednesday, July 20th. Finally, Wolfe Research boosted their price objective on shares of J.B. Hunt Transport Services from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 20th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $198.68.

J.B. Hunt Transport Services Price Performance

JBHT opened at $189.17 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $168.87 and its 200 day moving average price is $171.15. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.92 and a fifty-two week high of $218.18. The firm has a market cap of $19.59 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.27 and a beta of 1.13.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last announced its quarterly earnings results on Tuesday, October 18th. The transportation company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.12. The business had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.80 billion. J.B. Hunt Transport Services had a return on equity of 30.61% and a net margin of 6.89%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 9.77 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Friday, November 4th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $1.60 annualized dividend and a dividend yield of 0.85%. J.B. Hunt Transport Services’s dividend payout ratio is currently 16.74%.

J.B. Hunt Transport Services Company Profile

(Get Rating)

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

See Also

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

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