LS Investment Advisors LLC Sells 183 Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT)

LS Investment Advisors LLC reduced its stake in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 4.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,781 shares of the transportation company’s stock after selling 183 shares during the period. LS Investment Advisors LLC’s holdings in J B Hunt Transport Services were worth $418,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in JBHT. Buckingham Capital Management Inc. raised its stake in J B Hunt Transport Services by 7.3% in the first quarter. Buckingham Capital Management Inc. now owns 10,175 shares of the transportation company’s stock worth $1,031,000 after buying an additional 690 shares in the last quarter. Private Trust Co. NA grew its holdings in J B Hunt Transport Services by 5.3% in the second quarter. Private Trust Co. NA now owns 6,148 shares of the transportation company’s stock worth $561,000 after purchasing an additional 309 shares during the period. DNB Asset Management AS grew its holdings in J B Hunt Transport Services by 20.5% in the second quarter. DNB Asset Management AS now owns 14,794 shares of the transportation company’s stock worth $1,352,000 after purchasing an additional 2,514 shares during the period. Dalton Greiner Hartman Maher & Co. grew its holdings in J B Hunt Transport Services by 269.8% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 12,111 shares of the transportation company’s stock worth $1,107,000 after purchasing an additional 8,836 shares during the period. Finally, Xact Kapitalforvaltning AB grew its holdings in J B Hunt Transport Services by 10.7% in the second quarter. Xact Kapitalforvaltning AB now owns 21,057 shares of the transportation company’s stock worth $1,925,000 after purchasing an additional 2,042 shares during the period. 73.95% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on the stock. ValuEngine cut shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Argus restated a “hold” rating on shares of J B Hunt Transport Services in a report on Thursday, October 17th. BidaskClub upgraded shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Knight Equity cut shares of J B Hunt Transport Services from a “top pick” rating to a “neutral” rating and cut their price target for the company from $124.00 to $119.00 in a report on Tuesday, October 8th. They noted that the move was a valuation call. Finally, Cowen reiterated a “market perform” rating and set a $108.00 price target (down previously from $113.00) on shares of J B Hunt Transport Services in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $110.29.

In other J B Hunt Transport Services news, Director Earl Wayne Garrison sold 100,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $120.22, for a total value of $12,022,000.00. Following the transaction, the director now directly owns 1,583,354 shares in the company, valued at $190,350,817.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David G. Mee sold 2,500 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $121.06, for a total transaction of $302,650.00. Following the completion of the transaction, the chief financial officer now owns 108,650 shares in the company, valued at $13,153,169. The disclosure for this sale can be found here. Insiders sold 193,760 shares of company stock worth $22,526,491 over the last quarter. Insiders own 3.60% of the company’s stock.

Shares of JBHT stock opened at $119.92 on Thursday. J B Hunt Transport Services Inc has a 12-month low of $83.64 and a 12-month high of $121.82. The company has a current ratio of 1.29, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $113.61 and its 200 day moving average is $101.04. The stock has a market capitalization of $12.86 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.48 and a beta of 1.14.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.05). J B Hunt Transport Services had a return on equity of 28.45% and a net margin of 5.46%. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the prior year, the business posted $1.47 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that J B Hunt Transport Services Inc will post 5.43 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.26 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.04 annualized dividend and a yield of 0.87%. J B Hunt Transport Services’s payout ratio is presently 18.34%.

About J B Hunt Transport Services

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 in 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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