Voya Investment Management LLC Has $2.43 Million Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Voya Investment Management LLC trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 23.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,123 shares of the transportation company’s stock after selling 5,568 shares during the period. Voya Investment Management LLC’s holdings in J.B. Hunt Transport Services were worth $2,432,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its position in shares of J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 74 shares during the period. CYBER HORNET ETFs LLC bought a new position in J.B. Hunt Transport Services in the second quarter worth $31,000. Assetmark Inc. boosted its stake in J.B. Hunt Transport Services by 418.6% during the second quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock worth $32,000 after buying an additional 180 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at $34,000. Finally, Farther Finance Advisors LLC raised its stake in shares of J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.0%

Shares of JBHT opened at $198.28 on Friday. The company has a market capitalization of $18.88 billion, a P/E ratio of 34.36, a PEG ratio of 1.99 and a beta of 1.28. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $204.43. The business’s 50 day simple moving average is $178.15 and its 200-day simple moving average is $155.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.30. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.49 EPS. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services announced that its board has authorized a share repurchase program on Wednesday, October 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were given a dividend of $0.44 per share. The ex-dividend date was Friday, November 7th. This represents a $1.76 annualized dividend and a yield of 0.9%. J.B. Hunt Transport Services’s dividend payout ratio is 30.50%.

Insider Activity

In related news, EVP Brian Webb sold 796 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $189.11, for a total value of $150,531.56. Following the completion of the sale, the executive vice president owned 15,697 shares of the company’s stock, valued at $2,968,459.67. This trade represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Albert Brad Delco sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $179.54, for a total transaction of $179,540.00. Following the completion of the transaction, the chief financial officer owned 7,043 shares of the company’s stock, valued at $1,264,500.22. This trade represents a 12.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 15,109 shares of company stock worth $2,688,970. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

JBHT has been the topic of a number of analyst reports. Morgan Stanley upped their target price on shares of J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. lifted their price objective on J.B. Hunt Transport Services from $170.00 to $176.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of J.B. Hunt Transport Services in a report on Monday, December 22nd. UBS Group raised their target price on J.B. Hunt Transport Services from $157.00 to $174.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Benchmark upped their price target on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.30.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.