Bank of Nova Scotia Trims Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Bank of Nova Scotia reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 29.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 8,337 shares of the transportation company's stock after selling 3,533 shares during the period. Bank of Nova Scotia's holdings in J.B. Hunt Transport Services were worth $1,233,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Demars Financial Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 16,964.6% during the fourth quarter. Demars Financial Group LLC now owns 610,059 shares of the transportation company's stock worth $104,113,000 after purchasing an additional 606,484 shares during the period. Worldquant Millennium Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2,408.1% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company's stock valued at $36,502,000 after acquiring an additional 205,360 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of J.B. Hunt Transport Services by 194.0% during the fourth quarter. Point72 Asset Management L.P. now owns 258,467 shares of the transportation company's stock worth $44,110,000 after acquiring an additional 170,561 shares during the period. GAMMA Investing LLC lifted its position in J.B. Hunt Transport Services by 13,668.1% in the first quarter. GAMMA Investing LLC now owns 140,848 shares of the transportation company's stock valued at $208,380,000 after purchasing an additional 139,825 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of J.B. Hunt Transport Services by 10.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,181,027 shares of the transportation company's stock worth $201,555,000 after buying an additional 108,933 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $140.33 on Friday. The company has a market cap of $13.58 billion, a PE ratio of 25.51, a P/E/G ratio of 2.21 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The company has a fifty day moving average price of $145.40 and a two-hundred day moving average price of $148.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. J.B. Hunt Transport Services's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $1.32 EPS. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio is presently 32.00%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on JBHT shares. Raymond James Financial boosted their target price on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. Truist Financial raised their price target on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a research report on Wednesday, July 16th. Citigroup reissued a "buy" rating and set a $170.00 price objective (down from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. Baird R W raised shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Bank of America boosted their target price on J.B. Hunt Transport Services from $166.00 to $171.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $164.90.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 989 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the transaction, the executive vice president owned 946 shares in the company, valued at $143,763.62. The trade was a 51.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.

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