Quantbot Technologies LP Raises Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Quantbot Technologies LP grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 172.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,322 shares of the transportation company’s stock after buying an additional 23,007 shares during the quarter. Quantbot Technologies LP’s holdings in J.B. Hunt Transport Services were worth $5,812,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its position in J.B. Hunt Transport Services by 22.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,483 shares of the transportation company’s stock valued at $1,295,000 after buying an additional 1,192 shares during the period. Kentucky Retirement Systems increased its holdings in J.B. Hunt Transport Services by 1.5% during the 4th quarter. Kentucky Retirement Systems now owns 6,520 shares of the transportation company’s stock valued at $1,302,000 after purchasing an additional 95 shares during the period. ING Groep NV raised its position in J.B. Hunt Transport Services by 22,210.0% during the 4th quarter. ING Groep NV now owns 11,155 shares of the transportation company’s stock valued at $2,228,000 after purchasing an additional 11,105 shares during the last quarter. Norges Bank purchased a new stake in J.B. Hunt Transport Services in the 4th quarter worth approximately $185,299,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in shares of J.B. Hunt Transport Services by 26.6% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 3,006 shares of the transportation company’s stock worth $600,000 after buying an additional 632 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Trading Down 0.1 %

Shares of JBHT stock opened at $168.66 on Monday. The stock has a market capitalization of $17.20 billion, a P/E ratio of 26.77, a P/E/G ratio of 2.84 and a beta of 1.15. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $168.21 and its 200 day moving average is $172.10. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.19). The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.81 EPS. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

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

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

In other news, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, the director now owns 3,594 shares in the company, valued at $587,511.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Persio V. Lisboa bought 600 shares of the stock in a transaction dated Friday, July 19th. The stock was purchased at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the transaction, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on JBHT shares. Susquehanna dropped their price target on J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. Loop Capital cut their target price on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. BMO Capital Markets increased 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 research note on Wednesday, July 17th. Wells Fargo & Company began coverage on J.B. Hunt Transport Services in a research report on Friday, June 7th. They set an “overweight” rating and a $185.00 price objective on the stock. Finally, Stifel Nicolaus dropped their price target on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a research report on Tuesday, July 23rd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $181.88.

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.