Harel Insurance Investments & Financial Services Ltd. Has $158,000 Stake in J.B. Hunt Transport Services, Inc. $JBHT

Harel Insurance Investments & Financial Services Ltd. trimmed its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 31.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,099 shares of the transportation company’s stock after selling 495 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in J.B. Hunt Transport Services were worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Simon Quick Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $770,000. Strs Ohio lifted its holdings in shares of J.B. Hunt Transport Services by 70.9% during the 2nd quarter. Strs Ohio now owns 76,908 shares of the transportation company’s stock valued at $11,044,000 after buying an additional 31,908 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 418.6% during the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock valued at $32,000 after buying an additional 180 shares during the last quarter. Econ Financial Services Corp acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $1,370,000. Finally, SYM FINANCIAL Corp acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $368,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the completion of the transaction, the executive vice president directly owned 12,976 shares in the company, valued at $2,192,944. The trade was a 33.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JBHT. UBS Group lifted their price target on J.B. Hunt Transport Services from $157.00 to $174.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 8th. Barclays lifted their price target on shares of J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 16th. Stifel Nicolaus lifted their price target on shares of J.B. Hunt Transport Services from $140.00 to $147.00 and gave the company a “hold” rating in a research report on Thursday, October 16th. Finally, TD Cowen lifted their price target on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the company a “hold” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $166.30.

J.B. Hunt Transport Services Stock Up 0.5%

Shares of JBHT stock opened at $169.75 on Tuesday. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The firm has a market cap of $16.16 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. The stock has a 50 day moving average of $146.35 and a 200-day moving average of $143.78. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the company earned $1.49 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services declared that its Board of Directors has approved a share repurchase program on Wednesday, October 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, November 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. J.B. Hunt Transport Services’s payout ratio is 30.50%.

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.