Strs Ohio cut its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 46.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,236 shares of the transportation company’s stock after selling 8,853 shares during the period. Strs Ohio’s holdings in J B Hunt Transport Services were worth $935,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. FTB Advisors Inc. purchased a new position in shares of J B Hunt Transport Services during the first quarter worth approximately $25,000. Thor Advisors LLC purchased a new position in shares of J B Hunt Transport Services during the first quarter worth approximately $35,000. Pearl River Capital LLC raised its stake in shares of J B Hunt Transport Services by 267.0% during the first quarter. Pearl River Capital LLC now owns 668 shares of the transportation company’s stock worth $68,000 after acquiring an additional 486 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of J B Hunt Transport Services during the first quarter worth approximately $80,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of J B Hunt Transport Services during the first quarter worth approximately $81,000. Institutional investors and hedge funds own 73.48% of the company’s stock.

Shares of NASDAQ JBHT opened at $101.09 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.64. J B Hunt Transport Services Inc has a 52 week low of $83.64 and a 52 week high of $127.93. The business has a fifty day moving average price of $96.56. The stock has a market capitalization of $10.51 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, July 15th. The transportation company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.12). J B Hunt Transport Services had a return on equity of 29.35% and a net margin of 5.33%. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the firm earned $1.37 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts predict that J B Hunt Transport Services Inc will post 5.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, August 1st. J B Hunt Transport Services’s payout ratio is 18.34%.

Several research firms have commented on JBHT. Stephens lifted their price target on shares of J B Hunt Transport Services from $107.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Susquehanna Bancshares lifted their price target on shares of J B Hunt Transport Services from $110.00 to $114.00 in a research note on Tuesday, July 16th. BMO Capital Markets decreased their price target on shares of J B Hunt Transport Services from $110.00 to $106.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 16th. UBS Group downgraded shares of J B Hunt Transport Services from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $121.00 to $96.00 in a research note on Tuesday, June 18th. Finally, Cowen reissued a “market perform” rating and set a $113.00 price target (up from $112.00) on shares of J B Hunt Transport Services in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $107.13.

In other news, insider John N. Roberts bought 2,319 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were bought at an average cost of $86.23 per share, with a total value of $199,967.37. Following the completion of the purchase, the insider now directly owns 288,739 shares in the company, valued at $24,897,963.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman James K. Thompson sold 2,000 shares of J B Hunt Transport Services stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $97.33, for a total transaction of $194,660.00. Following the completion of the transaction, the chairman now directly owns 41,679 shares in the company, valued at $4,056,617.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,341 shares of company stock worth $1,976,203. 3.60% of the stock is owned by insiders.

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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