Wellington Management Group LLP Trims Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Wellington Management Group LLP trimmed its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 691,641 shares of the transportation company’s stock after selling 37,510 shares during the quarter. Wellington Management Group LLP owned 0.74% of J.B. Hunt Transport Services worth $200,182,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $31,000. International Assets Investment Management LLC bought a new stake in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $32,000. MUFG Securities EMEA plc bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at about $34,000. CIBC Private Wealth Group LLC lifted its holdings in shares of J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after buying an additional 48 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of J.B. Hunt Transport Services in the third quarter worth about $42,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Up 1.7%

Shares of NASDAQ JBHT opened at $265.47 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average of $277.17 and a 200-day moving average of $252.94. The firm has a market capitalization of $24.93 billion, a price-to-earnings ratio of 37.60, a PEG ratio of 1.64 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the firm posted $1.31 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up 19.4% on a year-over-year basis. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JBHT. JPMorgan Chase & Co. boosted their price objective on shares of J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Benchmark increased their target price on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Sanford C. Bernstein reissued an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Weiss Ratings upgraded shares of J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Finally, Zacks Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.30.

Insiders Place Their Bets

In related news, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the transaction, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. The trade was a 8.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Keefauver sold 703 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president directly owned 790 shares in the company, valued at approximately $225,252.70. This represents a 47.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.50% of the company’s stock.

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.