American Trust Decreases Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• American Trust reduced its holdings in J.B. Hunt Transport Services by 28.1%, selling 3,772 shares and ending the period with a total of 9,663 shares valued at approximately $1.43 million.
• J.B. Hunt reported earnings per share of $1.31 in its most recent quarter, missing expectations by $0.03, while revenue remained stable at $2.93 billion.
• The company declared a quarterly dividend of $0.44 per share, reflecting a dividend yield of 1.2%, and has a dividend payout ratio of 32.00%.

American Trust lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 28.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,663 shares of the transportation company's stock after selling 3,772 shares during the period. American Trust's holdings in J.B. Hunt Transport Services were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Summit Securities Group LLC increased its holdings in shares of J.B. Hunt Transport Services by 19,600.0% during the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock worth $29,000 after buying an additional 196 shares during the last quarter. Allworth Financial LP increased its holdings in shares of J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after buying an additional 147 shares during the last quarter. National Pension Service increased its holdings in shares of J.B. Hunt Transport Services by 74.9% during the 1st quarter. National Pension Service now owns 306 shares of the transportation company's stock worth $45,000 after buying an additional 131 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after buying an additional 109 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of J.B. Hunt Transport Services by 34.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company's stock worth $71,000 after buying an additional 123 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JBHT shares. Citigroup reiterated 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 report on Wednesday, July 16th. Raymond James Financial lifted their target price on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Stifel Nicolaus decreased their target price on J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating on the stock in a research note on Wednesday, July 16th. JPMorgan Chase & Co. increased their target price on J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Robert W. Baird initiated coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They set an "outperform" rating and a $169.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.00.

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

In other news, EVP Eric Mcgee acquired 1,148 shares of the firm's 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 owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction 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 sale, the executive vice president directly owned 946 shares of the company's stock, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Down 2.5%

Shares of NASDAQ:JBHT traded down $3.52 during trading on Friday, hitting $137.93. The company's stock had a trading volume of 652,734 shares, compared to its average volume of 1,023,403. The business has a 50 day moving average price of $145.66 and a two-hundred day moving average price of $143.44. The company has a market capitalization of $13.35 billion, a PE ratio of 25.08, a P/E/G ratio of 2.12 and a beta of 1.28. 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 fifty-two week low of $122.79 and a fifty-two week high of $200.40.

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 business had revenue of $2.93 billion during the quarter, compared to analyst estimates 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 business's revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 EPS. As a group, research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS 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. Shareholders of record on Friday, August 8th were paid a $0.44 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. J.B. Hunt Transport Services's payout ratio is 32.00%.

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.