Capital Fund Management S.A. Decreases Stake 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. lessened its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 40.5% during the 1st quarter, according to its most recent disclosure with the SEC. 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 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Summit Securities Group LLC increased its position in J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock worth $29,000 after purchasing an additional 196 shares during the last quarter. Allworth Financial LP increased its position in J.B. Hunt Transport Services by 167.0% in the first quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after purchasing an additional 147 shares during the last quarter. National Pension Service increased its position in J.B. Hunt Transport Services by 74.9% in the first quarter. National Pension Service now owns 306 shares of the transportation company's stock worth $45,000 after purchasing an additional 131 shares during the last quarter. TD Private Client Wealth LLC increased its position in J.B. Hunt Transport Services by 49.3% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after purchasing an additional 109 shares during the last quarter. Finally, Bessemer Group Inc. increased its position 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 acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Trading Down 1.7%

Shares of JBHT stock traded down $2.50 on Thursday, hitting $143.29. 370,112 shares of the stock traded hands, compared to its average volume of 1,126,931. The firm's 50-day moving average price is $146.36 and its two-hundred day moving average price is $145.69. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The stock has a market capitalization of $13.87 billion, a PE ratio of 26.08, a PEG ratio of 2.22 and a beta of 1.29.

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 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.93 billion. During the same quarter in the prior year, the company earned $1.32 earnings per share. The business's revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

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

Insider Activity

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, July 23rd. The stock was 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 in the company, valued at $143,763.62. The trade was a 51.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric Mcgee purchased 1,148 shares of the stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $140.76 per share, with a total value of $161,592.48. Following the acquisition, the executive vice president directly owned 7,397 shares in the company, valued at $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

JBHT has been the topic of a number of research analyst reports. Citigroup restated a "buy" rating and issued a $170.00 price target (down from $175.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Bank of America lifted their target price on shares of J.B. Hunt Transport Services from $166.00 to $171.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $163.00 target price (up from $150.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. JPMorgan Chase & Co. lifted their target price on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, Baird R W raised shares of J.B. Hunt Transport Services to a "strong-buy" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average price target of $164.90.

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.