Trillium Asset Management LLC Trims Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Key Points

• Trillium Asset Management LLC has reduced its stake in J.B. Hunt Transport Services by 3.3% during the first quarter, now holding 161,169 shares valued at approximately $23.8 million.
• J.B. Hunt recently reported $1.31 EPS for the quarter, missing estimates, with revenue of $2.93 billion, indicating a stagnant performance compared to the prior year.
• The company announced a quarterly dividend of $0.44 per share, representing a 1.3% yield and a payout ratio of 32.00%.

Trillium Asset Management LLC lessened its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,169 shares of the transportation company's stock after selling 5,453 shares during the quarter. Trillium Asset Management LLC owned about 0.16% of J.B. Hunt Transport Services worth $23,845,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of JBHT. Public Sector Pension Investment Board increased its stake in J.B. Hunt Transport Services by 9.6% during the 1st quarter. Public Sector Pension Investment Board now owns 10,646 shares of the transportation company's stock valued at $1,575,000 after purchasing an additional 931 shares in the last quarter. Nuveen LLC acquired a new stake in J.B. Hunt Transport Services during the first quarter valued at $29,497,000. Aigen Investment Management LP acquired a new stake in J.B. Hunt Transport Services during the first quarter valued at $609,000. King Luther Capital Management Corp purchased a new position in J.B. Hunt Transport Services during the first quarter valued at $3,849,000. Finally, Virtu Financial LLC purchased a new position in J.B. Hunt Transport Services during the first quarter valued at $2,497,000. Institutional investors own 74.95% of the company's stock.

Insiders Place Their Bets

In related news, EVP David Keefauver sold 989 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president directly 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 at this hyperlink. Also, EVP Eric Mcgee acquired 1,148 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The stock was acquired at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the transaction, the executive vice president directly owned 7,397 shares in the company, valued at approximately $1,041,201.72. This represents a 18.37% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Stock Performance

JBHT traded down $1.00 during trading on Friday, hitting $143.45. The stock had a trading volume of 544,605 shares, compared to its average volume of 1,064,553. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $13.89 billion, a P/E ratio of 26.08, a PEG ratio of 2.22 and a beta of 1.29. The company's 50-day moving average price is $145.77 and its 200 day moving average price is $147.07. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.32 earnings per share. On average, equities research analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. J.B. Hunt Transport Services's dividend payout ratio is 32.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Robert W. Baird assumed coverage on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Truist Financial lifted their price objective on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. UBS Group reiterated a "buy" rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Finally, Susquehanna lifted 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. Ten investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $164.90.

About J.B. Hunt Transport Services

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.