Bank of America Corp DE trimmed its holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 13.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 357,447 shares of the transportation company’s stock after selling 57,000 shares during the period. Bank of America Corp DE owned approximately 0.34% of J B Hunt Transport Services worth $43,016,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in JBHT. Bank of Nova Scotia grew its position in shares of J B Hunt Transport Services by 36.1% during the 2nd quarter. Bank of Nova Scotia now owns 14,297 shares of the transportation company’s stock valued at $1,720,000 after purchasing an additional 3,792 shares in the last quarter. Advisor Group Holdings Inc. bought a new stake in shares of J B Hunt Transport Services during the 1st quarter worth $2,329,000. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of J B Hunt Transport Services by 11.5% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 9,192 shares of the transportation company’s stock worth $1,106,000 after acquiring an additional 948 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in J B Hunt Transport Services by 6.1% in the second quarter. State of Alaska Department of Revenue now owns 53,942 shares of the transportation company’s stock worth $6,491,000 after purchasing an additional 3,079 shares during the last quarter. Finally, BBVA USA Bancshares Inc. bought a new stake in J B Hunt Transport Services in the second quarter worth $225,000. Institutional investors and hedge funds own 73.39% of the company’s stock.

Shares of NASDAQ JBHT opened at $132.98 on Wednesday. The firm’s 50 day moving average price is $136.58 and its 200-day moving average price is $114.36. The company has a market cap of $14.03 billion, a PE ratio of 27.31, a P/E/G ratio of 1.90 and a beta of 0.97. J B Hunt Transport Services Inc has a 52-week low of $75.29 and a 52-week high of $144.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.59 and a current ratio of 1.59.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, July 16th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.31. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.06 billion. J B Hunt Transport Services had a net margin of 5.65% and a return on equity of 22.88%. During the same quarter in the prior year, the firm posted $1.37 earnings per share. On average, analysts forecast that J B Hunt Transport Services Inc will post 4.74 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.08 dividend on an annualized basis and a yield of 0.81%. J B Hunt Transport Services’s dividend payout ratio (DPR) is 22.09%.

In other J B Hunt Transport Services news, VP Kevin Bracy sold 1,249 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $133.26, for a total value of $166,441.74. Also, CEO John N. Roberts sold 7,400 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $135.17, for a total transaction of $1,000,258.00. Following the completion of the transaction, the chief executive officer now owns 321,727 shares in the company, valued at $43,487,838.59. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,740 shares of company stock worth $23,968,399. 3.51% of the stock is owned by insiders.

Several analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of J B Hunt Transport Services in a research note on Monday, August 10th. They issued an “outperform” rating for the company. Deutsche Bank raised shares of J B Hunt Transport Services from a “sell” rating to a “hold” rating and boosted their price target for the stock from $98.00 to $140.00 in a research note on Thursday, July 16th. KeyCorp boosted their price target on shares of J B Hunt Transport Services from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Morgan Stanley boosted their price objective on shares of J B Hunt Transport Services from $89.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Finally, Raymond James boosted their price objective on shares of J B Hunt Transport Services from $117.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Sixteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $132.84.

About J B Hunt Transport Services

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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