J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stake Reduced by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 17.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,932 shares of the transportation company’s stock after selling 20,326 shares during the period. Bank of Montreal Can’s holdings in J.B. Hunt Transport Services were worth $15,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc lifted its stake in J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at $31,000. nVerses Capital LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $32,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $36,000. Finally, YHB Investment Advisors Inc. purchased a new position in J.B. Hunt Transport Services in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JBHT. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. Morgan Stanley lowered their price target on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Benchmark reduced their price objective on J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Barclays decreased their price target 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 report on Wednesday, July 17th. Finally, Wells Fargo & Company started coverage on shares of J.B. Hunt Transport Services in a research report on Friday, June 7th. They issued an “overweight” rating and a $185.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $182.19.

J.B. Hunt Transport Services Stock Up 0.5 %

Shares of JBHT stock opened at $172.35 on Friday. The company has a market capitalization of $17.79 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 2.86 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50 day simple moving average is $169.64 and its 200 day simple moving average is $170.15. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data 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 analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. J.B. Hunt Transport Services’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.81 earnings per share. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

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 1.00%. J.B. Hunt Transport Services’s payout ratio is presently 27.30%.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, 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 owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the 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 approximately $2,476,674.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Persio V. Lisboa acquired 600 shares of the business’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 transaction, the director now directly owns 3,594 shares of the company’s stock, valued at approximately $587,511.18. The disclosure for this purchase can be found here. 2.10% of the stock is owned by insiders.

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.