Cibc World Market Inc. Sells 16,371 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Cibc World Market Inc. decreased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) by 91.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,450 shares of the transportation company’s stock after selling 16,371 shares during the period. Cibc World Market Inc.’s holdings in J.B. Hunt Transport Services were worth $228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of JBHT. CVA Family Office LLC increased its stake in J.B. Hunt Transport Services by 1,800.0% in the 2nd quarter. CVA Family Office LLC now owns 190 shares of the transportation company’s stock worth $30,000 after buying an additional 180 shares during the period. First Horizon Advisors Inc. increased its stake in shares of J.B. Hunt Transport Services by 1,809.1% during the second quarter. First Horizon Advisors Inc. now owns 210 shares of the transportation company’s stock valued at $33,000 after buying an additional 199 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of J.B. Hunt Transport Services in the first quarter valued at about $42,000. Homestead Advisers Corp lifted its stake in J.B. Hunt Transport Services by 25.6% in the second quarter. Homestead Advisers Corp now owns 280 shares of the transportation company’s stock worth $44,000 after acquiring an additional 57 shares during the period. Finally, Assetmark Inc. bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth about $46,000. 73.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JBHT has been the subject of several research reports. StockNews.com began coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Susquehanna cut their price target on J.B. Hunt Transport Services from $196.00 to $194.00 and set a “positive” rating on the stock in a report on Wednesday, October 19th. Credit Suisse Group upped their price objective on J.B. Hunt Transport Services from $185.00 to $186.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 19th. Barclays cut their target price on J.B. Hunt Transport Services from $210.00 to $190.00 in a research note on Tuesday, October 11th. Finally, Susquehanna Bancshares decreased their price target on shares of J.B. Hunt Transport Services from $196.00 to $194.00 and set a “positive” rating for the company in a research report on Wednesday, October 19th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $198.68.

J.B. Hunt Transport Services Trading Up 2.0 %

Shares of NASDAQ:JBHT opened at $180.36 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.35. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.92 and a 52-week high of $218.18. The stock has a market cap of $18.67 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.21 and a beta of 1.13. The business has a 50-day moving average price of $169.93 and a 200-day moving average price of $171.46.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last issued its quarterly earnings results on Tuesday, October 18th. The transportation company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.12. J.B. Hunt Transport Services had a net margin of 6.89% and a return on equity of 30.61%. The company had revenue of $3.84 billion for the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter in the prior year, the company earned $1.88 EPS. J.B. Hunt Transport Services’s quarterly revenue was up 22.1% on a year-over-year basis. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post 9.77 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, November 4th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $1.60 annualized dividend and a dividend yield of 0.89%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 16.74%.

Insider Activity at J.B. Hunt Transport Services

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

About J.B. Hunt Transport Services

(Get Rating)

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

See Also

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

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