Thrivent Financial for Lutherans Has $71.29 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Thrivent Financial for Lutherans increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 445,568 shares of the transportation company’s stock after purchasing an additional 17,311 shares during the quarter. Thrivent Financial for Lutherans’ holdings in J.B. Hunt Transport Services were worth $71,291,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc boosted its stake in shares of J.B. Hunt Transport Services by 382.1% during 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 period. Innealta Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $31,000. YHB Investment Advisors Inc. acquired a new stake in J.B. Hunt Transport Services during the first quarter valued at $40,000. nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter valued at $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in J.B. Hunt Transport Services in the second quarter valued at about $36,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Persio V. Lisboa bought 600 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other 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 transaction, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Persio V. Lisboa acquired 600 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, July 19th. The shares were acquired at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the acquisition, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The disclosure for this purchase can be found here. 2.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $169.01 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average price is $169.13 and its two-hundred day moving average price is $171.16. The firm has a market capitalization of $17.44 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 2.84 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.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced 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 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 quarter in the previous year, the business posted $1.81 EPS. The company’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.43 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.72 annualized dividend and a dividend yield of 1.02%. J.B. Hunt Transport Services’s payout ratio is 27.30%.

Analyst Upgrades and Downgrades

JBHT has been the subject of several research reports. Benchmark reduced their price target on J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Evercore ISI reduced 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. Morgan Stanley dropped their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Monday, July 8th. Wells Fargo & Company started coverage on shares of J.B. Hunt Transport Services in a research note on Friday, June 7th. They issued an “overweight” rating and a $185.00 price objective for the company. Finally, BMO Capital Markets boosted their price target on J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $181.88.

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.