Andra AP fonden Sells 3,100 Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT)

Andra AP fonden lowered its position in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 11.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,300 shares of the transportation company’s stock after selling 3,100 shares during the period. Andra AP fonden’s holdings in J B Hunt Transport Services were worth $2,578,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Trust Investment Advisors bought a new position in shares of J B Hunt Transport Services in the second quarter valued at approximately $411,000. First Trust Advisors LP lifted its holdings in shares of J B Hunt Transport Services by 20.4% in the third quarter. First Trust Advisors LP now owns 209,947 shares of the transportation company’s stock valued at $23,231,000 after purchasing an additional 35,519 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of J B Hunt Transport Services by 4.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 16,837 shares of the transportation company’s stock valued at $1,539,000 after purchasing an additional 697 shares in the last quarter. State of Tennessee Treasury Department lifted its holdings in shares of J B Hunt Transport Services by 5.3% in the third quarter. State of Tennessee Treasury Department now owns 32,642 shares of the transportation company’s stock valued at $3,612,000 after purchasing an additional 1,633 shares in the last quarter. Finally, MUFG Americas Holdings Corp lifted its holdings in shares of J B Hunt Transport Services by 5.7% in the third quarter. MUFG Americas Holdings Corp now owns 88,707 shares of the transportation company’s stock valued at $9,816,000 after purchasing an additional 4,760 shares in the last quarter. Institutional investors and hedge funds own 75.43% of the company’s stock.

Shares of JBHT opened at $114.32 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.42 and a beta of 1.12. The stock has a 50 day moving average of $116.73 and a 200 day moving average of $103.64. J B Hunt Transport Services Inc has a 12 month low of $83.64 and a 12 month high of $122.29.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.05). The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. J B Hunt Transport Services had a net margin of 5.46% and a return on equity of 28.45%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 earnings per share. As a group, equities research analysts predict that J B Hunt Transport Services Inc will post 5.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Thursday, November 7th. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.

In other J B Hunt Transport Services news, EVP Nicholas Hobbs sold 3,310 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $120.29, for a total value of $398,159.90. Following the completion of the sale, the executive vice president now directly owns 58,209 shares of the company’s stock, valued at $7,001,960.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Earl Wayne Garrison sold 100,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $120.22, for a total value of $12,022,000.00. Following the completion of the sale, the director now directly owns 1,583,354 shares of the company’s stock, valued at $190,350,817.88. The disclosure for this sale can be found here. Insiders sold 182,275 shares of company stock valued at $21,350,312 over the last three months. Company insiders own 3.60% of the company’s stock.

A number of research analysts have recently weighed in on JBHT shares. Morgan Stanley dropped their target price on J B Hunt Transport Services from $88.00 to $86.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 16th. Credit Suisse Group restated a “neutral” rating and issued a $106.00 target price (up previously from $101.00) on shares of J B Hunt Transport Services in a report on Wednesday, October 16th. BidaskClub raised J B Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Wednesday, November 27th. Susquehanna Bancshares downgraded J B Hunt Transport Services from a “positive” rating to a “neutral” rating and decreased their price target for the company from $124.00 to $119.00 in a research report on Tuesday, October 8th. Finally, ValuEngine downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $110.29.

J B Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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