Russell Investments Group Ltd. Lowers Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Russell Investments Group Ltd. lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) by 7.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 248,393 shares of the transportation company’s stock after selling 19,637 shares during the quarter. Russell Investments Group Ltd.’s holdings in J.B. Hunt Transport Services were worth $40,512,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in JBHT. HighTower Advisors LLC raised its position in J.B. Hunt Transport Services by 10.0% during the first quarter. HighTower Advisors LLC now owns 5,673 shares of the transportation company’s stock valued at $1,139,000 after purchasing an additional 518 shares in the last quarter. Private Advisor Group LLC raised its position in J.B. Hunt Transport Services by 15.8% during the first quarter. Private Advisor Group LLC now owns 1,562 shares of the transportation company’s stock valued at $313,000 after purchasing an additional 213 shares in the last quarter. Panagora Asset Management Inc. raised its position in J.B. Hunt Transport Services by 16.2% during the first quarter. Panagora Asset Management Inc. now owns 2,428 shares of the transportation company’s stock valued at $488,000 after purchasing an additional 339 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in J.B. Hunt Transport Services by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,241 shares of the transportation company’s stock valued at $2,257,000 after purchasing an additional 696 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of J.B. Hunt Transport Services by 0.5% during the first quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock valued at $2,661,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 74.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on J.B. Hunt Transport Services from $178.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, January 19th. Cowen reduced their price objective on J.B. Hunt Transport Services from $196.00 to $193.00 and set a “market perform” rating on the stock in a research note on Thursday, January 19th. Evercore ISI reduced their price objective on J.B. Hunt Transport Services to $194.00 in a research note on Thursday, October 20th. Deutsche Bank Aktiengesellschaft reduced their price objective on J.B. Hunt Transport Services from $230.00 to $228.00 in a research note on Monday, November 28th. Finally, Citigroup raised their price objective on J.B. Hunt Transport Services from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, January 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $196.39.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $191.88 on Wednesday. The firm has a 50 day moving average price of $179.54 and a 200-day moving average price of $175.61. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.92 and a 52-week high of $218.18. The firm has a market capitalization of $19.87 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.38 and a beta of 1.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.43 and a current ratio of 1.38.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last released its earnings results on Wednesday, January 18th. The transportation company reported $1.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.45 by ($0.53). J.B. Hunt Transport Services had a net margin of 6.54% and a return on equity of 28.20%. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the business posted $2.28 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 9.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Friday, February 10th will be issued a $0.42 dividend. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Thursday, February 9th. J.B. Hunt Transport Services’s payout ratio is presently 17.39%.

Insider Buying and Selling

In related news, EVP Shelley Simpson sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $186.02, for a total value of $1,302,140.00. Following the completion of the transaction, the executive vice president now directly owns 77,630 shares in the company, valued at approximately $14,440,732.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Shelley Simpson sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $186.02, for a total value of $1,302,140.00. Following the completion of the transaction, the executive vice president now directly owns 77,630 shares in the company, valued at approximately $14,440,732.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Spencer Frazier sold 1,000 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $177.16, for a total transaction of $177,160.00. Following the sale, the executive vice president now owns 3,060 shares of the company’s stock, valued at $542,109.60. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

J.B. Hunt Transport Services Profile

(Get Rating)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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