Wellington Management Group LLP reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) by 5.1% during the second quarter, Holdings Channel reports. The fund owned 691,641 shares of the transportation company’s stock after selling 37,510 shares during the period. Wellington Management Group LLP’s holdings in J.B. Hunt Transport Services were worth $200,182,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the business. CYBER HORNET ETFs LLC bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth approximately $31,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services during the 4th quarter valued at $32,000. MUFG Securities EMEA plc purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth $34,000. CIBC Private Wealth Group LLC raised its position in J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the period. Finally, Advisory Services Network LLC bought a new stake in J.B. Hunt Transport Services in the third quarter worth $42,000. 74.95% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at J.B. Hunt Transport Services
In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the transaction, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This represents a 8.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David Keefauver sold 703 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the sale, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their position. The SEC filing for this sale provides additional information. 2.50% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on J.B. Hunt Transport Services
J.B. Hunt Transport Services Trading Up 1.7%
Shares of JBHT opened at $265.47 on Tuesday. The stock has a market capitalization of $24.93 billion, a P/E ratio of 37.60, a PEG ratio of 1.64 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $299.76. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $277.17 and a two-hundred day simple moving average of $252.94.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The firm had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 earnings per share. On average, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.
J.B. Hunt Transport Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.
J.B. Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.
In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.
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