XTX Topco Ltd Invests $1.37 Million in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

XTX Topco Ltd purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, HoldingsChannel reports. The institutional investor purchased 8,554 shares of the transportation company’s stock, valued at approximately $1,369,000.

Several other institutional investors and hedge funds also recently made changes to their positions in JBHT. Vanguard Personalized Indexing Management LLC boosted its stake in J.B. Hunt Transport Services by 26.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,791 shares of the transportation company’s stock valued at $1,407,000 after purchasing an additional 1,814 shares during the last quarter. Amalgamated Bank boosted its position in shares of J.B. Hunt Transport Services by 31.9% during the second quarter. Amalgamated Bank now owns 22,509 shares of the transportation company’s stock valued at $3,601,000 after buying an additional 5,442 shares during the last quarter. Disciplined Investments LLC boosted its position in shares of J.B. Hunt Transport Services by 8.2% during the second quarter. Disciplined Investments LLC now owns 31,453 shares of the transportation company’s stock valued at $5,033,000 after buying an additional 2,386 shares during the last quarter. Virtu Financial LLC increased its holdings in J.B. Hunt Transport Services by 346.1% in the 2nd quarter. Virtu Financial LLC now owns 10,725 shares of the transportation company’s stock worth $1,716,000 after buying an additional 8,321 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $6,090,000. Institutional investors own 74.95% of the company’s stock.

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

In related news, EVP Darren P. Field sold 3,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related 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 sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction on Friday, July 19th. The shares were acquired at an average price of $163.47 per share, with a total value of $98,082.00. Following the transaction, the director now directly owns 3,594 shares of the company’s stock, valued at $587,511.18. The disclosure for this purchase can be found here. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Stock Down 3.3 %

NASDAQ JBHT opened at $169.01 on Friday. 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 current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock has a market cap of $17.44 billion, a PE ratio of 26.83, a P/E/G ratio of 2.84 and a beta of 1.15. The stock’s 50 day moving average is $169.07 and its 200 day moving average is $171.59.

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

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Analyst Ratings Changes

A number of analysts have recently issued reports on JBHT shares. Loop Capital dropped their price target 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. Morgan Stanley cut their target price on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Barclays decreased their target price on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Evercore ISI dropped their price target on J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company started coverage on J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an “overweight” rating and a $185.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $181.88.

J.B. Hunt Transport Services Company 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.