Andra AP fonden Reduces Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Andra AP fonden lowered its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 16.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,100 shares of the transportation company’s stock after selling 6,200 shares during the period. Andra AP fonden’s holdings in J.B. Hunt Transport Services were worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LS Investment Advisors LLC raised its holdings in shares of J.B. Hunt Transport Services by 0.3% in the 1st quarter. LS Investment Advisors LLC now owns 4,586 shares of the transportation company’s stock worth $421,000 after acquiring an additional 13 shares during the last quarter. Alps Advisors Inc. raised its holdings in shares of J.B. Hunt Transport Services by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,071 shares of the transportation company’s stock worth $463,000 after acquiring an additional 14 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of J.B. Hunt Transport Services by 1.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock worth $130,000 after acquiring an additional 20 shares during the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 0.8% in the 2nd quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock worth $238,000 after acquiring an additional 20 shares during the last quarter. Finally, Strs Ohio raised its holdings in shares of J.B. Hunt Transport Services by 0.4% in the 1st quarter. Strs Ohio now owns 7,120 shares of the transportation company’s stock worth $653,000 after acquiring an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 71.60% of the company’s stock.

J.B. Hunt Transport Services, Inc. (JBHT) traded up 1.74% on Friday, hitting $101.57. 1,087,940 shares of the stock were exchanged. The company has a 50-day moving average of $96.41 and a 200-day moving average of $91.93. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 26.64 and a beta of 0.93. J.B. Hunt Transport Services, Inc. has a 12 month low of $76.20 and a 12 month high of $102.99.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.04). J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts predict that J.B. Hunt Transport Services, Inc. will post $3.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.92 annualized dividend and a dividend yield of 0.91%. J.B. Hunt Transport Services’s payout ratio is 24.08%.

In related news, SVP John Kuhlow sold 810 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $93.71, for a total transaction of $75,905.10. Following the completion of the sale, the senior vice president now directly owns 3,999 shares in the company, valued at $374,746.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Bradley W. Hicks sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $94.73, for a total transaction of $94,730.00. Following the sale, the executive vice president now owns 18,690 shares of the company’s stock, valued at $1,770,503.70. The disclosure for this sale can be found here. Insiders have sold 1,052,872 shares of company stock valued at $103,066,436 over the last three months. 4.30% of the stock is owned by corporate insiders.

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A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of J.B. Hunt Transport Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Stifel Nicolaus set a $91.00 target price on shares of J.B. Hunt Transport Services and gave the stock a “hold” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co initiated coverage on shares of J.B. Hunt Transport Services in a research report on Tuesday, May 23rd. They issued an “overweight” rating and a $107.00 price objective for the company. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $102.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, August 25th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. J.B. Hunt Transport Services has an average rating of “Hold” and an average price target of $98.80.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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