NewEdge Advisors LLC Sells 2,564 Shares of J.B. Hunt Transport Services, Inc. $JBHT

NewEdge Advisors LLC lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 49.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,595 shares of the transportation company’s stock after selling 2,564 shares during the period. NewEdge Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $550,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in J.B. Hunt Transport Services by 2.4% during the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock valued at $96,332,000 after purchasing an additional 10,664 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of J.B. Hunt Transport Services in the first quarter worth approximately $6,864,000. Janus Henderson Group PLC lifted its holdings in shares of 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 purchasing an additional 41,887 shares in the last quarter. Bull Harbor Capital LLC bought a new position in shares of J.B. Hunt Transport Services in the first quarter valued at approximately $2,715,000. Finally, Amundi boosted its position in shares of J.B. Hunt Transport Services by 62.4% during the first quarter. Amundi now owns 769,453 shares of the transportation company’s stock valued at $163,047,000 after buying an additional 295,687 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradley W. Hicks sold 7,644 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $261.91, for a total transaction of $2,002,040.04. Following the transaction, the insider directly owned 23,982 shares of the company’s stock, valued at $6,281,125.62. This represents a 24.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 15,847 shares of company stock valued at $4,162,861. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on JBHT. TD Cowen upped their price target on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a report on Thursday, July 16th. Stifel Nicolaus raised their price objective on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Wells Fargo & Company lifted their price objective on shares of J.B. Hunt Transport Services from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Bank of America upped their target price on shares of J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $286.30.

J.B. Hunt Transport Services Stock Down 1.8%

Shares of NASDAQ:JBHT opened at $266.91 on Tuesday. The company has a market capitalization of $25.07 billion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 1.71 and a beta of 1.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The business has a fifty day moving average price of $280.44 and a two-hundred day moving average price of $244.73. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.31 EPS. Analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

J.B. Hunt Transport Services 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.