J.B. Hunt Transport Services, Inc. $JBHT Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG trimmed its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 53.5% during the second quarter, HoldingsChannel reports. The fund owned 1,548 shares of the transportation company’s stock after selling 1,780 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in J.B. Hunt Transport Services were worth $222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of JBHT. JPMorgan Chase & Co. grew its stake in J.B. Hunt Transport Services by 14.6% in the first quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company’s stock worth $718,015,000 after purchasing an additional 616,986 shares in the last quarter. Nuveen LLC acquired a new position in shares of J.B. Hunt Transport Services in the 1st quarter worth approximately $29,497,000. Vanguard Group Inc. increased its holdings in shares of J.B. Hunt Transport Services by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company’s stock valued at $1,486,670,000 after acquiring an additional 195,873 shares during the last quarter. Wellington Management Group LLP raised its position in shares of J.B. Hunt Transport Services by 11.5% during the 1st quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company’s stock valued at $208,322,000 after acquiring an additional 144,666 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in J.B. Hunt Transport Services by 118.4% during the first quarter. Adage Capital Partners GP L.L.C. now owns 162,500 shares of the transportation company’s stock worth $24,042,000 after purchasing an additional 88,100 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a research report on Saturday, September 27th. UBS Group downgraded J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and raised their price target for the stock from $155.00 to $157.00 in a report on Friday, September 5th. Barclays lowered their price objective on J.B. Hunt Transport Services from $145.00 to $135.00 and set an “equal weight” rating for the company in a research note on Thursday. Morgan Stanley cut their target price on J.B. Hunt Transport Services from $160.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Finally, Susquehanna lowered their price target on shares of J.B. Hunt Transport Services from $157.00 to $145.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $160.62.

J.B. Hunt Transport Services Trading Up 2.8%

J.B. Hunt Transport Services stock opened at $137.95 on Monday. The firm has a market cap of $13.35 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The firm’s 50 day moving average price is $140.59 and its two-hundred day moving average price is $141.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 14.26% and a net margin of 4.59%.The business’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 earnings per share. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

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

Insider Activity

In other news, EVP Eric Mcgee bought 1,148 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were acquired at an average cost of $140.76 per share, with a total value of $161,592.48. Following the completion of the transaction, the executive vice president directly owned 7,397 shares in the company, valued at approximately $1,041,201.72. The trade was a 18.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Keefauver sold 989 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the sale, the executive vice president owned 946 shares in the company, valued at $143,763.62. This represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

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.