Capital Fund Management S.A. Decreases Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Capital Fund Management S.A. has reduced its holdings in J.B. Hunt Transport Services by 40.5%, selling 27,536 shares, leaving them with 40,394 shares valued at approximately $5.98 million.
• Despite the reduction by Capital Fund Management, other institutional investors like Vanguard Group and JPMorgan have increased their stakes in the company, indicating continued interest from large investors.
• J.B. Hunt recently declared a quarterly dividend of $0.44, which results in an annualized dividend of $1.76 and reflects a dividend yield of 1.2%.

Capital Fund Management S.A. lowered its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 40.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,394 shares of the transportation company's stock after selling 27,536 shares during the quarter. Capital Fund Management S.A.'s holdings in J.B. Hunt Transport Services were worth $5,976,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of JBHT. JPMorgan Chase & Co. lifted its stake in J.B. Hunt Transport Services by 14.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company's stock worth $718,015,000 after purchasing an additional 616,986 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its stake in J.B. Hunt Transport Services by 2,408.1% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company's stock worth $36,502,000 after purchasing an additional 205,360 shares in the last quarter. Nuveen LLC purchased a new stake in J.B. Hunt Transport Services in the 1st quarter worth $29,497,000. Vanguard Group Inc. lifted its stake in J.B. Hunt Transport Services by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company's stock worth $1,486,670,000 after purchasing an additional 195,873 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in J.B. Hunt Transport Services by 194.0% in the 4th quarter. Point72 Asset Management L.P. now owns 258,467 shares of the transportation company's stock worth $44,110,000 after purchasing an additional 170,561 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the completion of the sale, the executive vice president owned 946 shares of the company's stock, valued at approximately $143,763.62. This represents a 51.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric Mcgee purchased 1,148 shares of the stock in a transaction dated Monday, August 4th. The stock was acquired at an average cost of $140.76 per share, with a total value of $161,592.48. Following the transaction, the executive vice president directly owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their position. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Trading Down 4.9%

JBHT stock traded down $7.39 during mid-day trading on Monday, reaching $142.75. The company had a trading volume of 2,156,038 shares, compared to its average volume of 978,482. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $13.82 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 2.31 and a beta of 1.29. The firm has a 50 day moving average of $146.12 and a 200 day moving average of $145.70. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

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

J.B. Hunt Transport Services Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on JBHT. Susquehanna boosted their price target on shares of J.B. Hunt Transport Services from $155.00 to $157.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Barclays boosted their target price on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Robert W. Baird began coverage on shares of J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 target price on the stock. Wells Fargo & Company restated an "overweight" rating and issued a $163.00 target price (up from $150.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group set a $164.00 price target on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.