Pacer Advisors Inc. Lowers Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Key Points

• Pacer Advisors Inc. has reduced its stake in J.B. Hunt Transport Services by 34.5%, selling 2,430 shares, and now holds 4,623 shares worth approximately $684,000.
• Multiple institutional investors have increased their holdings in J.B. Hunt, with Wellington Management raising its position by 428.4%, acquiring over 1 million shares during the last quarter.
• J.B. Hunt announced a quarterly dividend of $0.44 per share, which will be paid on August 22nd, representing an annualized dividend yield of 1.2%.

Pacer Advisors Inc. lowered its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 34.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,623 shares of the transportation company's stock after selling 2,430 shares during the period. Pacer Advisors Inc.'s holdings in J.B. Hunt Transport Services were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in J.B. Hunt Transport Services by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock worth $1,529,000 after purchasing an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in J.B. Hunt Transport Services in the first quarter worth about $1,746,000. Bessemer Group Inc. lifted its stake in J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after purchasing an additional 120 shares during the last quarter. SG Americas Securities LLC lifted its stake in J.B. Hunt Transport Services by 179.8% in the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock worth $590,000 after purchasing an additional 2,564 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in J.B. Hunt Transport Services by 8.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock worth $976,000 after purchasing an additional 494 shares during the last quarter. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Up 1.8%

NASDAQ JBHT traded up $2.50 on Monday, hitting $142.06. The stock had a trading volume of 904,989 shares, compared to its average volume of 1,142,395. The business's fifty day moving average price is $145.14 and its 200 day moving average price is $148.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

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 for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.93 billion. During the same period last year, the firm earned $1.32 earnings per share. J.B. Hunt Transport Services's quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be 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 is Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio is presently 32.00%.

Insider Activity

In related news, EVP David Keefauver sold 989 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the transaction, the executive vice president directly owned 946 shares of the company's stock, valued at $143,763.62. This represents a 51.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

JBHT has been the subject of several research analyst reports. Bank of America lifted their price target on shares of J.B. Hunt Transport Services from $166.00 to $171.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Baird R W raised shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research note on Tuesday, July 1st. 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 note on Wednesday, July 16th. Raymond James Financial lifted their price target on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Finally, Susquehanna lifted their price target on shares of J.B. Hunt Transport Services from $155.00 to $157.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.