Candriam S.C.A. Sells 1,690 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Candriam S.C.A. reduced its stake in J.B. Hunt Transport by 14.9%, selling 1,690 shares and now holding 9,647 shares valued at approximately $1.43 million.
• J.B. Hunt reported quarterly earnings with a missed EPS of $1.31, below the consensus of $1.34, while revenue remained stable at $2.93 billion.
• Recent dividend declaration was for $0.44 per share, resulting in a yield of 1.2% and a payout ratio of 32%.

Candriam S.C.A. decreased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 14.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,647 shares of the transportation company's stock after selling 1,690 shares during the quarter. Candriam S.C.A.'s holdings in J.B. Hunt Transport Services were worth $1,427,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of J.B. Hunt Transport Services by 13.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock worth $1,529,000 after acquiring an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of J.B. Hunt Transport Services during the first quarter worth $1,746,000. Bessemer Group Inc. raised its stake in J.B. Hunt Transport Services by 22.4% during the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock valued at $97,000 after purchasing an additional 120 shares in the last quarter. SG Americas Securities LLC raised its stake in J.B. Hunt Transport Services by 179.8% during the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock valued at $590,000 after purchasing an additional 2,564 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in J.B. Hunt Transport Services by 8.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock valued at $976,000 after purchasing an additional 494 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Up 4.7%

Shares of JBHT opened at $150.14 on Friday. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a market cap of $14.53 billion, a P/E ratio of 27.30, a P/E/G ratio of 2.31 and a beta of 1.29. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The company's fifty day simple moving average is $146.11 and its 200-day simple moving average is $146.03.

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

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 32.00%.

Insider Activity

In related news, EVP Eric Mcgee purchased 1,148 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $140.76 per share, with a total value of $161,592.48. Following the purchase, the executive vice president directly owned 7,397 shares of the company's stock, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Keefauver sold 989 shares of the firm's stock in a transaction dated 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 directly owned 946 shares in the company, valued at $143,763.62. This represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JBHT. The Goldman Sachs Group set a $164.00 price target on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Raymond James Financial upped their price target on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Barclays upped their price target on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Truist Financial increased their target price on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a research note on Wednesday, July 16th. Finally, Citigroup reissued a "buy" rating and issued a $170.00 target price (down previously from $175.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and an average price target of $164.90.

J.B. Hunt Transport Services 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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