J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Atria Investments Inc

Atria Investments Inc cut its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 29.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,185 shares of the transportation company’s stock after selling 1,352 shares during the quarter. Atria Investments Inc’s holdings in J.B. Hunt Transport Services were worth $457,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Assetmark Inc. grew its stake in J.B. Hunt Transport Services by 418.6% during the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock worth $32,000 after buying an additional 180 shares during the last quarter. Econ Financial Services Corp acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $1,370,000. SYM FINANCIAL Corp acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at $368,000. Teacher Retirement System of Texas grew its position in shares of J.B. Hunt Transport Services by 3.0% during the second quarter. Teacher Retirement System of Texas now owns 12,160 shares of the transportation company’s stock worth $1,746,000 after acquiring an additional 359 shares during the last quarter. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $247,000. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the completion of the sale, the executive vice president directly owned 12,976 shares in the company, valued at approximately $2,192,944. This trade represents a 33.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on J.B. Hunt Transport Services from $170.00 to $176.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Barclays increased their price objective on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, October 16th. Robert W. Baird raised their target price on J.B. Hunt Transport Services from $164.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Citigroup reduced their price target on J.B. Hunt Transport Services from $170.00 to $163.00 and set a “buy” rating for the company in a research report on Monday, October 13th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $166.30.

J.B. Hunt Transport Services Trading Down 1.5%

Shares of J.B. Hunt Transport Services stock opened at $168.48 on Tuesday. The business has a fifty day simple moving average of $148.89 and a 200-day simple moving average of $145.21. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 2.33 and a beta of 1.27. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm had revenue of ($5,136.05) million for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the business earned $1.49 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services announced that its Board of Directors has approved a share repurchase plan on Wednesday, October 22nd that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, November 7th. J.B. Hunt Transport Services’s payout ratio is presently 30.50%.

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.