IFM Investors Pty Ltd Sells 92 Shares of J.B. Hunt Transport Services, Inc. $JBHT

IFM Investors Pty Ltd lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,386 shares of the transportation company’s stock after selling 92 shares during the period. IFM Investors Pty Ltd’s holdings in J.B. Hunt Transport Services were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Summit Securities Group LLC boosted its position in shares of J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 196 shares during the period. Allworth Financial LP boosted its position in shares of J.B. Hunt Transport Services by 167.0% in the first quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 147 shares during the period. National Pension Service boosted its position in shares of J.B. Hunt Transport Services by 74.9% in the first quarter. National Pension Service now owns 306 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 131 shares during the period. TD Private Client Wealth LLC boosted its position in shares of J.B. Hunt Transport Services by 49.3% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 109 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of J.B. Hunt Transport Services by 34.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company’s stock valued at $71,000 after acquiring an additional 123 shares during the period. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares of the company’s stock, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Eric Mcgee bought 1,148 shares of the business’s stock in a transaction on Monday, August 4th. The stock was bought at an average price of $140.76 per share, with a total value of $161,592.48. Following the purchase, the executive vice president owned 7,397 shares in the company, valued at $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $130.65 on Tuesday. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40. The business’s fifty day moving average is $143.49 and its 200 day moving average is $142.35. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a market cap of $12.65 billion, a P/E ratio of 23.75, a P/E/G ratio of 2.07 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the business earned $1.32 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 32.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JBHT shares. Raymond James Financial upped their price objective on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Stifel Nicolaus cut their price objective on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Wednesday, July 16th. The Goldman Sachs Group set a $164.00 target price on J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Baird R W raised J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Tuesday, July 1st. Finally, Susquehanna boosted their target price on J.B. Hunt Transport Services from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $164.14.

J.B. Hunt Transport Services Profile

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.