Signaturefd LLC Reduces Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Signaturefd LLC lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 31.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 795 shares of the transportation company’s stock after selling 357 shares during the period. Signaturefd LLC’s holdings in J.B. Hunt Transport Services were worth $127,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc raised its stake in J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 149 shares during the period. Innealta Capital LLC purchased a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $31,000. YHB Investment Advisors Inc. bought a new stake in shares of J.B. Hunt Transport Services in the first quarter valued at approximately $40,000. Neo Ivy Capital Management purchased a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at approximately $49,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in J.B. Hunt Transport Services by 99.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the transportation company’s stock worth $53,000 after buying an additional 133 shares during the period. Institutional investors own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Persio V. Lisboa bought 600 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were purchased at an average price of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the acquisition, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on JBHT. Loop Capital lowered their target price on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a report on Thursday, July 18th. Barclays dropped their price objective on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 17th. JPMorgan Chase & Co. reduced their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Stifel Nicolaus decreased their price target on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a research report on Tuesday, July 23rd. Finally, Benchmark cut their price objective on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.88.

J.B. Hunt Transport Services Trading Down 0.1 %

Shares of JBHT stock opened at $173.09 on Wednesday. The business has a 50-day moving average price of $166.39 and a two-hundred day moving average price of $174.22. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm has a market cap of $17.86 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 2.91 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 EPS. Equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were paid a $0.43 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.99%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 27.30%.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. 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.