Barrow Hanley Mewhinney & Strauss LLC Purchases 105,500 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,685,068 shares of the transportation company’s stock after buying an additional 105,500 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 1.63% of J.B. Hunt Transport Services worth $269,611,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after buying an additional 149 shares during the last quarter. Innealta Capital LLC bought a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $36,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of J.B. Hunt Transport Services in the 1st quarter worth approximately $40,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI lowered their target price on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating for the company in a research note 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 on the stock in a research note on Wednesday, July 17th. Loop Capital decreased their target price on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. BMO Capital Markets boosted their price target on J.B. Hunt Transport Services from $188.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Finally, Benchmark reduced their price objective on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $181.88.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated 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 owns 14,150 shares in the company, valued at $2,476,674.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was purchased at an average price of $163.47 per share, with a total value of $98,082.00. Following the purchase, the director now owns 3,594 shares in the company, valued at approximately $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 Trading Down 3.3 %

JBHT opened at $169.01 on Friday. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The firm has a market capitalization 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 company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The company’s 50-day moving average is $169.13 and its 200 day moving average is $171.16.

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

J.B. Hunt Transport Services Dividend Announcement

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

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.