M&T Bank Corp Boosts Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

M&T Bank Corp raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 19.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,996 shares of the transportation company’s stock after purchasing an additional 646 shares during the period. M&T Bank Corp’s holdings in J.B. Hunt Transport Services were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JBHT. Ameritas Advisory Services LLC purchased a new stake in shares of J.B. Hunt Transport Services during the first quarter worth about $27,000. Salem Investment Counselors Inc. grew its stake in shares of J.B. Hunt Transport Services by 69.1% during the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock worth $33,000 after acquiring an additional 85 shares during the last quarter. Stonebridge Capital Advisors LLC grew its stake in shares of J.B. Hunt Transport Services by 57.6% during the first quarter. Stonebridge Capital Advisors LLC now owns 238 shares of the transportation company’s stock worth $48,000 after acquiring an additional 87 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of J.B. Hunt Transport Services by 79.6% during the first quarter. Parkside Financial Bank & Trust now owns 273 shares of the transportation company’s stock worth $55,000 after acquiring an additional 121 shares during the last quarter. Finally, Alpha Paradigm Partners LLC grew its stake in shares of J.B. Hunt Transport Services by 248.7% during the third quarter. Alpha Paradigm Partners LLC now owns 394 shares of the transportation company’s stock worth $62,000 after acquiring an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 73.09% of the company’s stock.

J.B. Hunt Transport Services Trading Up 2.0 %

Shares of NASDAQ:JBHT opened at $191.73 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $156.28 and a 1 year high of $209.21. The firm has a market capitalization of $19.81 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 1.61 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50 day moving average price is $191.99 and its 200-day moving average price is $180.95.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, July 18th. The transportation company reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.09). J.B. Hunt Transport Services had a net margin of 6.19% and a return on equity of 23.06%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter last year, the business earned $2.42 EPS. The company’s quarterly revenue was down 18.4% on a year-over-year basis. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.72 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.88%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 20.51%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com assumed coverage on J.B. Hunt Transport Services in a research note on Thursday, August 17th. They set a “hold” rating on the stock. BMO Capital Markets lifted their target price on J.B. Hunt Transport Services from $170.00 to $190.00 in a report on Wednesday, July 19th. 51job reaffirmed a “reiterates” rating on shares of J.B. Hunt Transport Services in a report on Tuesday, June 27th. Citigroup lifted their target price on J.B. Hunt Transport Services from $200.00 to $207.00 and gave the stock a “buy” rating in a report on Thursday, June 29th. Finally, Raymond James lifted their target price on J.B. Hunt Transport Services from $195.00 to $200.00 in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $195.30.

Insider Activity

In other news, EVP Eric Mcgee sold 400 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $190.26, for a total transaction of $76,104.00. Following the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $95,130. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other J.B. Hunt Transport Services news, EVP Stuart Lockard Scott sold 1,609 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $198.28, for a total value of $319,032.52. Following the transaction, the executive vice president now owns 29,126 shares in the company, valued at approximately $5,775,103.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric Mcgee sold 400 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $190.26, for a total value of $76,104.00. Following the completion of the transaction, the executive vice president now owns 500 shares in the company, valued at approximately $95,130. The disclosure for this sale can be found here. Insiders have sold 11,502 shares of company stock worth $2,284,358 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.