Newfound Research LLC decreased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 61.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 348 shares of the transportation company’s stock after selling 549 shares during the period. Newfound Research LLC’s holdings in J.B. Hunt Transport Services were worth $58,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Regent Peak Wealth Advisors LLC acquired a new position in J.B. Hunt Transport Services in the 4th quarter valued at approximately $30,000. Vantage Consulting Group Inc bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at $39,000. Perigon Wealth Management LLC bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at $43,000. CWM LLC lifted its stake in shares of J.B. Hunt Transport Services by 296.4% in the fourth quarter. CWM LLC now owns 888 shares of the transportation company’s stock valued at $121,000 after buying an additional 664 shares in the last quarter. Finally, CI Investments Inc. lifted its position in shares of J.B. Hunt Transport Services by 33.2% during the fourth quarter. CI Investments Inc. now owns 976 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 243 shares in the last quarter. 69.25% of the stock is owned by institutional investors and hedge funds.
In other news, Director Earl Wayne Garrison sold 1,532 shares of J.B. Hunt Transport Services stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $174.02, for a total transaction of $266,598.64. Following the completion of the sale, the director now directly owns 1,254,524 shares in the company, valued at $218,312,266.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,300 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, April 27th. The stock was sold at an average price of $169.43, for a total value of $220,259.00. Following the sale, the executive vice president now owns 7,195 shares of the company’s stock, valued at $1,219,048.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,433 shares of company stock valued at $10,851,237. 3.51% of the stock is owned by corporate insiders.
JBHT traded up $1.59 during trading on Tuesday, reaching $175.69. 7,425 shares of the company traded hands, compared to its average volume of 653,778. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. J.B. Hunt Transport Services, Inc. has a 12-month low of $95.30 and a 12-month high of $178.40. The firm has a fifty day simple moving average of $167.28 and a 200 day simple moving average of $146.48. The company has a market cap of $18.57 billion, a P/E ratio of 37.44, a PEG ratio of 1.66 and a beta of 1.00.
J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, April 14th. The transportation company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.14. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 21.07%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the firm posted $0.98 EPS. The company’s revenue was up 14.9% on a year-over-year basis. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 4.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 21st. Investors of record on Friday, May 7th will be given a $0.30 dividend. The ex-dividend date is Thursday, May 6th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 0.68%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 22.90%.
J.B. Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc provides surface transportation and delivery services in North America. 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.
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