Studio Investment Management LLC Buys 63 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Studio Investment Management LLC lifted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,013 shares of the transportation company’s stock after acquiring an additional 63 shares during the quarter. Studio Investment Management LLC’s holdings in J.B. Hunt Transport Services were worth $162,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in shares of J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock worth $30,000 after buying an additional 149 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $31,000. YHB Investment Advisors Inc. bought a new position in shares of J.B. Hunt Transport Services in the first quarter worth about $40,000. nVerses Capital LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on JBHT shares. Loop Capital cut their price target on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, July 18th. TD Cowen decreased their price target on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. Benchmark cut their price objective on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Finally, Barclays reduced their price objective on J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of “Moderate Buy” and an average price target of $181.88.

J.B. Hunt Transport Services Stock Down 0.7 %

Shares of NASDAQ:JBHT opened at $170.55 on Wednesday. The company’s fifty day moving average is $167.59 and its 200-day moving average is $172.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.21 and a current ratio of 1.21. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The company has a market capitalization of $17.39 billion, a PE ratio of 27.07, a P/E/G ratio of 2.82 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The firm 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%. J.B. Hunt Transport Services’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 earnings per share. Equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.01%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insider Buying and Selling

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

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.