International Assets Investment Management LLC Acquires New Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

International Assets Investment Management LLC bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 252 shares of the transportation company’s stock, valued at approximately $40,000.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc raised its stake in shares of J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after acquiring an additional 149 shares in the last quarter. Innealta Capital LLC purchased a new position in J.B. Hunt Transport Services in the second quarter worth $31,000. YHB Investment Advisors Inc. acquired a new position in shares of J.B. Hunt Transport Services during the first quarter worth $40,000. Neo Ivy Capital Management purchased a new stake in shares of J.B. Hunt Transport Services during the 4th quarter valued at $49,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of J.B. Hunt Transport Services by 99.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the transportation company’s stock worth $53,000 after purchasing an additional 133 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 2.0 %

Shares of JBHT opened at $169.30 on Friday. The company has a market capitalization of $17.47 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 2.91 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The stock’s 50-day moving average price is $166.95 and its 200-day moving average price is $174.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 earnings per share. On average, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 2nd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.72 annualized dividend and a yield of 1.02%. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Analysts Set New Price Targets

JBHT has been the topic of several recent analyst reports. Barclays reduced their target price on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Evercore ISI cut their price objective on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Morgan Stanley decreased their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, July 8th. Wells Fargo & Company started coverage on shares of J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an “overweight” rating and a $185.00 target price on the stock. Finally, BMO Capital Markets raised their price target on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $181.88.

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

In other news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other J.B. Hunt Transport Services news, Director Persio V. Lisboa acquired 600 shares of the business’s stock in a transaction dated Friday, July 19th. The stock was acquired at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares of the company’s stock, valued at $587,511.18. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

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.