J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 87,293 shares of the transportation company’s stock after selling 11,765 shares during the period. Trillium Asset Management LLC’s holdings in J.B. Hunt Transport Services were worth $19,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in JBHT. BlackRock Inc. bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $1,833,602,000. Jupiter Topco LLC bought a new stake in J.B. Hunt Transport Services in the second quarter valued at about $891,349,000. Janus Henderson Group PLC increased its stake in J.B. Hunt Transport Services by 1.1% in the first quarter. Janus Henderson Group PLC now owns 3,982,720 shares of the transportation company’s stock valued at $843,937,000 after acquiring an additional 41,887 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in J.B. Hunt Transport Services by 64.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,056,398 shares of the transportation company’s stock valued at $305,753,000 after acquiring an additional 414,837 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in J.B. Hunt Transport Services in the second quarter worth about $287,581,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT traded up $5.19 during trading hours on Friday, hitting $232.85. The stock had a trading volume of 668,741 shares, compared to its average volume of 897,665. The company’s fifty day moving average is $234.24 and its two-hundred day moving average is $246.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.23 and a quick ratio of 1.23. J.B. Hunt Transport Services, Inc. has a 52 week low of $157.82 and a 52 week high of $299.76. The stock has a market capitalization of $21.71 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 1.98 and a beta of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.01. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the company posted $1.76 EPS. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.25 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, November 6th. J.B. Hunt Transport Services’s dividend payout ratio is currently 25.28%.

Wall Street Analyst Weigh In

A number of research analysts have commented on JBHT shares. William Blair set a $300.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, October 16th. Stifel Nicolaus lowered their price objective on J.B. Hunt Transport Services from $292.00 to $289.00 and set a “hold” rating on the stock in a research note on Thursday, October 8th. Wall Street Zen cut J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Monday, September 21st. TD Cowen dropped their target price on J.B. Hunt Transport Services from $297.00 to $283.00 and set a “hold” rating for the company in a report on Monday, October 5th. Finally, Robert W. Baird cut their target price on J.B. Hunt Transport Services from $320.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.76.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services is a transportation and logistics company that provides freight services across North America. Its offerings include intermodal transportation, dedicated contract carriage, truckload services, freight brokerage and final-mile delivery. The company’s intermodal business combines rail and truck transportation, while its dedicated services provide customers with vehicles, drivers and related transportation operations. Through its logistics and brokerage operations, J.B. Hunt also arranges freight transportation using a network of carriers.