Parametric Portfolio Associates LLC Acquires 11,828 Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT)

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Parametric Portfolio Associates LLC grew its holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 303,541 shares of the transportation company’s stock after purchasing an additional 11,828 shares during the period. Parametric Portfolio Associates LLC owned about 0.28% of J B Hunt Transport Services worth $33,587,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. LS Investment Advisors LLC lifted its holdings in J B Hunt Transport Services by 2.7% during the 2nd quarter. LS Investment Advisors LLC now owns 3,964 shares of the transportation company’s stock valued at $362,000 after buying an additional 105 shares in the last quarter. Securian Asset Management Inc boosted its position in J B Hunt Transport Services by 1.2% in the 2nd quarter. Securian Asset Management Inc now owns 8,924 shares of the transportation company’s stock valued at $816,000 after buying an additional 106 shares during the period. Meadow Creek Investment Management LLC boosted its position in J B Hunt Transport Services by 2.2% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 5,104 shares of the transportation company’s stock valued at $467,000 after buying an additional 110 shares during the period. Veritable L.P. grew its stake in J B Hunt Transport Services by 5.3% in the 2nd quarter. Veritable L.P. now owns 2,205 shares of the transportation company’s stock worth $202,000 after acquiring an additional 111 shares in the last quarter. Finally, FTB Advisors Inc. grew its stake in J B Hunt Transport Services by 49.2% in the 2nd quarter. FTB Advisors Inc. now owns 373 shares of the transportation company’s stock worth $34,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 75.43% of the company’s stock.

NASDAQ JBHT opened at $114.32 on Tuesday. The company has a market cap of $12.32 billion, a PE ratio of 20.54, a P/E/G ratio of 1.42 and a beta of 1.12. The firm’s 50 day moving average price is $116.73 and its 200-day moving average price is $103.64. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.29 and a current ratio of 1.29. J B Hunt Transport Services Inc has a 52-week low of $83.64 and a 52-week high of $122.29.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.05). The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. J B Hunt Transport Services had a return on equity of 28.45% and a net margin of 5.46%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.47 EPS. On average, analysts forecast that J B Hunt Transport Services Inc will post 5.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.91%. J B Hunt Transport Services’s dividend payout ratio is presently 18.34%.

Several analysts have recently weighed in on the stock. Susquehanna Bancshares downgraded shares of J B Hunt Transport Services from a “positive” rating to a “neutral” rating and decreased their price target for the company from $124.00 to $119.00 in a research note on Tuesday, October 8th. Citigroup set a $120.00 price objective on J B Hunt Transport Services and gave the stock a “hold” rating in a research note on Thursday, September 12th. Goldman Sachs Group cut J B Hunt Transport Services from a “buy” rating to a “neutral” rating and set a $115.00 price objective on the stock. in a research note on Friday, November 1st. UBS Group raised their price objective on J B Hunt Transport Services from $98.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, ValuEngine lowered J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $110.29.

In other news, Director Earl Wayne Garrison sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $111.29, for a total value of $5,564,500.00. Following the sale, the director now directly owns 1,608,958 shares in the company, valued at approximately $179,060,935.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicholas Hobbs sold 2,300 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $110.80, for a total transaction of $254,840.00. Following the completion of the sale, the executive vice president now owns 61,519 shares in the company, valued at $6,816,305.20. The disclosure for this sale can be found here. Insiders sold a total of 182,275 shares of company stock worth $21,350,312 over the last quarter. Company insiders own 3.60% of the company’s stock.

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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