Parallel Advisors LLC Lowers Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Parallel Advisors LLC lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 8.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 914 shares of the transportation company’s stock after selling 80 shares during the quarter. Parallel Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $131,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Summit Securities Group LLC raised its position in shares of J.B. Hunt Transport Services by 19,600.0% in the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock worth $29,000 after purchasing an additional 196 shares during the last quarter. Allworth Financial LP raised its position in shares of 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 worth $35,000 after purchasing an additional 147 shares during the last quarter. National Pension Service raised its position in shares of J.B. Hunt Transport Services by 74.9% in the 1st quarter. National Pension Service now owns 306 shares of the transportation company’s stock worth $45,000 after purchasing an additional 131 shares during the last quarter. TD Private Client Wealth LLC raised its position in shares of J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock worth $49,000 after purchasing an additional 109 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of J.B. Hunt Transport Services by 34.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 482 shares of the transportation company’s stock worth $71,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Eric Mcgee purchased 1,148 shares of the company’s stock in a transaction on Monday, August 4th. The stock was acquired at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president directly owned 7,397 shares of the company’s stock, valued at $1,041,201.72. This trade represents a 18.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Keefauver sold 989 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 946 shares of the company’s stock, valued at $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Trading Up 1.0%

Shares of NASDAQ:JBHT opened at $131.98 on Wednesday. The stock has a 50 day moving average of $143.15 and a 200 day moving average of $142.28. The company has a market cap of $12.78 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.04 and a beta of 1.28. 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, Inc. has a 12-month low of $122.79 and a 12-month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate 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 company’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.32 earnings per share. As a group, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.3%. J.B. Hunt Transport Services’s payout ratio is 32.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on JBHT. The Goldman Sachs Group set a $164.00 price target on J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Stifel Nicolaus reduced their price objective on J.B. Hunt Transport Services from $150.00 to $145.00 and set a “hold” rating for the company in a report on Wednesday, July 16th. Susquehanna lifted their price objective on J.B. Hunt Transport Services from $155.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Barclays lifted their price objective on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Finally, Truist Financial lifted their price objective on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.14.

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.