J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc has reduced its holdings in J.B. Hunt Transport Services by 21.8%, now owning 0.21% of the company valued at approximately $29.8 million.
• J.B. Hunt Transport Services reported a net margin of 4.75% with a quarterly revenue of $3.05 billion, slightly above analysts' expectations.
• The company recently announced a quarterly dividend of $0.44 per share, reflecting an annualized yield of 1.0% and a payout ratio of 32.00%.

TD Asset Management Inc cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 21.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 207,547 shares of the transportation company's stock after selling 57,823 shares during the period. TD Asset Management Inc owned 0.21% of J.B. Hunt Transport Services worth $29,804,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of 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 acquiring an additional 616,986 shares during the last quarter. Nuveen LLC acquired a new position in shares of J.B. Hunt Transport Services in the 1st quarter worth approximately $29,497,000. Vanguard Group Inc. lifted its stake in J.B. Hunt Transport Services by 2.0% during the first 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. Wellington Management Group LLP lifted its stake in J.B. Hunt Transport Services by 11.5% during the first quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company's stock worth $208,322,000 after purchasing an additional 144,666 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in J.B. Hunt Transport Services by 118.4% during the first quarter. Adage Capital Partners GP L.L.C. now owns 162,500 shares of the transportation company's stock worth $24,042,000 after purchasing an additional 88,100 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Activity

In other news, 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 sale, the executive vice president owned 946 shares of the company's stock, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric Mcgee acquired 1,148 shares of the business's stock in a transaction on Monday, August 4th. The shares were bought at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares of the company's stock, valued at $1,041,201.72. This 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 company insiders.

J.B. Hunt Transport Services Stock Up 22.1%

Shares of NASDAQ:JBHT opened at $169.57 on Friday. The firm's 50 day moving average price is $140.63 and its 200 day moving average price is $141.03. The stock has a market cap of $16.41 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 14.89%. The firm had revenue of $3.05 billion for the quarter, compared to analysts' expectations of $3.02 billion. During the same quarter last year, the company earned $1.49 earnings per share. The firm's revenue was down .5% compared to the same quarter last year. As a group, equities research 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 32.00%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JBHT. TD Cowen increased their target price on J.B. Hunt Transport Services from $140.00 to $152.00 and gave the stock a "hold" rating in a research note on Thursday. Evercore ISI increased their price target on shares of J.B. Hunt Transport Services from $155.00 to $168.00 and gave the stock an "outperform" rating in a research report on Thursday. Baird R W raised shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. Stifel Nicolaus increased their price target on shares of J.B. Hunt Transport Services from $140.00 to $147.00 and gave the stock a "hold" rating in a research report on Thursday. Finally, UBS Group increased their target price on shares of J.B. Hunt Transport Services from $157.00 to $174.00 and gave the stock a "neutral" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $165.35.

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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