EverSource Wealth Advisors LLC Has $33,000 Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

EverSource Wealth Advisors LLC lessened its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 29.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193 shares of the transportation company’s stock after selling 80 shares during the period. EverSource Wealth Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $33,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBHT. Silvercrest Asset Management Group LLC increased its position in shares of J.B. Hunt Transport Services by 24.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock worth $5,838,000 after purchasing an additional 5,767 shares during the period. Vanguard Group Inc. increased its holdings in J.B. Hunt Transport Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after buying an additional 25,109 shares during the period. Empirical Capital Management LLC acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $8,089,000. Jennison Associates LLC lifted its holdings in shares of J.B. Hunt Transport Services by 11.2% during the 1st quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock worth $39,413,000 after acquiring an additional 19,987 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth approximately $1,795,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JBHT has been the subject of several research analyst reports. TD Cowen lowered their price objective on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Barclays dropped their price objective on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Stifel Nicolaus decreased their target price 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. Loop Capital dropped their target price on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Seven investment 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, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $182.19.

J.B. Hunt Transport Services Stock Up 0.5 %

Shares of NASDAQ:JBHT opened at $172.35 on Friday. The firm has a market cap of $17.79 billion, a P/E ratio of 27.36, a P/E/G ratio of 2.86 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The business has a fifty day simple moving average of $169.64 and a 200 day simple moving average of $170.15. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36.

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

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.00%. 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%.

Insider Buying and Selling

In other news, Director Persio V. Lisboa purchased 600 shares of the business’s 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 completion of the transaction, the director now owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, Director Persio V. Lisboa acquired 600 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were bought at an average cost of $163.47 per share, with a total value of $98,082.00. Following the purchase, the director now directly owns 3,594 shares of the company’s stock, valued at $587,511.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $2,476,674.50. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

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.