TD Asset Management Inc Sells 33,396 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Key Points

• TD Asset Management Inc reduced its stake in J.B. Hunt Transport Services by 11.2%, owning approximately $39.26 million worth of shares by the end of the last quarter.
• Various institutional investors have increased their positions in J.B. Hunt, with NBC Securities growing its stake by an astonishing 112,900.0% in the same period.
• J.B. Hunt announced a quarterly dividend of $0.44 per share, reflecting an annualized yield of 1.19%, with the upcoming payout scheduled for August 22nd.

TD Asset Management Inc lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 265,370 shares of the transportation company's stock after selling 33,396 shares during the period. TD Asset Management Inc owned approximately 0.27% of J.B. Hunt Transport Services worth $39,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JBHT. Allworth Financial LP grew its position in J.B. Hunt Transport Services by 167.0% in the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock valued at $35,000 after acquiring an additional 147 shares in the last quarter. TD Private Client Wealth LLC grew its stake in 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. Bessemer Group Inc. grew its stake in J.B. Hunt Transport Services by 22.4% during the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after buying an additional 120 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of J.B. Hunt Transport Services by 13.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock valued at $108,000 after purchasing an additional 85 shares during the last quarter. Finally, NBC Securities Inc. grew its stake in shares of J.B. Hunt Transport Services by 112,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,130 shares of the transportation company's stock valued at $167,000 after purchasing an additional 1,129 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JBHT has been the subject of several recent analyst reports. Benchmark reissued a "buy" rating and issued a $175.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. The Goldman Sachs Group set a $164.00 price target on J.B. Hunt Transport Services in a report on Tuesday, July 8th. Stephens lowered their price objective on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. UBS Group reaffirmed a "buy" rating on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Finally, Baird R W raised J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.90.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of the 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 completion of the sale, the executive vice president owned 946 shares in the company, valued at approximately $143,763.62. This 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 this hyperlink. Insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Stock Down 3.1%

NASDAQ JBHT traded down $4.52 on Friday, hitting $139.54. 493,950 shares of the stock traded hands, compared to its average volume of 1,139,087. The company has a market capitalization of $13.51 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 2.21 and a beta of 1.29. The stock has a 50-day moving average of $145.09 and a 200 day moving average of $149.64. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the company posted $1.32 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 32.00%.

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.