J B Hunt Transport Services Inc (JBHT) Holdings Cut by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can lessened its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 109,429 shares of the transportation company’s stock after selling 5,635 shares during the period. Great West Life Assurance Co. Can owned about 0.10% of J B Hunt Transport Services worth $13,037,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new position in shares of J B Hunt Transport Services during the second quarter valued at approximately $118,000. Raymond James Financial Services Advisors Inc. boosted its stake in J B Hunt Transport Services by 58.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 16,698 shares of the transportation company’s stock valued at $2,030,000 after acquiring an additional 6,177 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in J B Hunt Transport Services by 20.0% in the second quarter. Commonwealth Equity Services LLC now owns 12,348 shares of the transportation company’s stock valued at $1,501,000 after acquiring an additional 2,057 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in J B Hunt Transport Services by 10.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 302,412 shares of the transportation company’s stock valued at $36,758,000 after acquiring an additional 28,189 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in J B Hunt Transport Services by 4.3% in the second quarter. Wells Fargo & Company MN now owns 175,778 shares of the transportation company’s stock valued at $21,366,000 after acquiring an additional 7,273 shares in the last quarter. Hedge funds and other institutional investors own 73.49% of the company’s stock.

NASDAQ:JBHT opened at $100.63 on Thursday. J B Hunt Transport Services Inc has a 12 month low of $99.63 and a 12 month high of $131.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $10.99 billion, a PE ratio of 26.91, a P/E/G ratio of 1.55 and a beta of 0.95.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Monday, October 15th. The transportation company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. J B Hunt Transport Services had a net margin of 9.49% and a return on equity of 27.71%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities analysts predict that J B Hunt Transport Services Inc will post 5.41 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Friday, November 9th were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, November 8th. This represents a $0.96 annualized dividend and a dividend yield of 0.95%. J B Hunt Transport Services’s payout ratio is currently 25.67%.

JBHT has been the subject of several recent analyst reports. BidaskClub upgraded shares of J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Edward Jones downgraded shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Deutsche Bank lowered their target price on shares of J B Hunt Transport Services from $138.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, September 27th. Zacks Investment Research upgraded shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research note on Tuesday, September 18th. Finally, Loop Capital lowered their target price on shares of J B Hunt Transport Services to $143.00 and set a “buy” rating for the company in a research note on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. J B Hunt Transport Services currently has an average rating of “Hold” and an average price target of $128.28.

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J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

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