J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Holdings Trimmed by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA reduced its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 84.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,743 shares of the transportation company’s stock after selling 60,386 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in J.B. Hunt Transport Services were worth $982,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in JBHT. Bronfman E.L. Rothschild L.P. lifted its stake in shares of J.B. Hunt Transport Services by 3.4% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock valued at $119,000 after buying an additional 43 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its stake in J.B. Hunt Transport Services by 1.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock worth $130,000 after purchasing an additional 20 shares in the last quarter. Van ECK Associates Corp lifted its stake in J.B. Hunt Transport Services by 6.9% in the 1st quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock worth $135,000 after purchasing an additional 95 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $173,000. Finally, Global X Management Co. LLC lifted its stake in J.B. Hunt Transport Services by 28.9% in the 1st quarter. Global X Management Co. LLC now owns 1,952 shares of the transportation company’s stock worth $179,000 after purchasing an additional 438 shares in the last quarter. Institutional investors own 71.60% of the company’s stock.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at 99.82 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $76.20 and a 12 month high of $102.99. The company has a market capitalization of $10.92 billion, a price-to-earnings ratio of 26.19 and a beta of 0.93. The company’s 50-day moving average is $96.10 and its 200 day moving average is $91.92.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.04). The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.88 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 24.08%.

Several analysts have issued reports on the stock. Cowen and Company reiterated a “buy” rating and issued a $102.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. BidaskClub upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Stifel Nicolaus set a $91.00 price objective on shares of J.B. Hunt Transport Services and gave the company a “hold” rating in a research report on Wednesday, August 23rd. Bank of America Corporation reaffirmed a “buy” rating and set a $109.00 target price (up previously from $98.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 10th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of J.B. Hunt Transport Services in a report on Tuesday, July 18th. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. J.B. Hunt Transport Services has an average rating of “Hold” and an average price target of $98.80.

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In related news, EVP Terrence D. Matthews sold 2,694 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $101.00, for a total transaction of $272,094.00. Following the sale, the executive vice president now owns 21,140 shares of the company’s stock, valued at $2,135,140. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO David G. Mee sold 10,767 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $91.29, for a total value of $982,919.43. Following the sale, the chief financial officer now directly owns 109,500 shares in the company, valued at approximately $9,996,255. The disclosure for this sale can be found here. Insiders sold 1,052,872 shares of company stock worth $103,066,436 in the last three months. 4.30% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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