J B Hunt Transport Services Inc (JBHT) Shares Sold by Rhumbline Advisers

Rhumbline Advisers trimmed its position in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,253 shares of the transportation company’s stock after selling 1,511 shares during the quarter. Rhumbline Advisers owned approximately 0.18% of J B Hunt Transport Services worth $17,887,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its position in J B Hunt Transport Services by 59.5% during the fourth quarter. CWM LLC now owns 276 shares of the transportation company’s stock worth $26,000 after purchasing an additional 103 shares in the last quarter. Heritage Trust Co boosted its position in J B Hunt Transport Services by 289.2% during the fourth quarter. Heritage Trust Co now owns 864 shares of the transportation company’s stock worth $80,000 after purchasing an additional 642 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in J B Hunt Transport Services by 110.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,040 shares of the transportation company’s stock worth $124,000 after purchasing an additional 545 shares in the last quarter. Townsend & Associates Inc purchased a new stake in J B Hunt Transport Services during the third quarter worth $140,000. Finally, Meeder Asset Management Inc. purchased a new stake in J B Hunt Transport Services during the third quarter worth $178,000. Institutional investors own 74.89% of the company’s stock.

A number of research firms have commented on JBHT. Morgan Stanley decreased their target price on J B Hunt Transport Services from $118.00 to $113.00 and set an “equal weight” rating on the stock in a research report on Monday, January 7th. BidaskClub downgraded J B Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 8th. Zacks Investment Research upgraded J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research report on Wednesday, January 23rd. Citigroup decreased their target price on J B Hunt Transport Services from $125.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. Finally, Cowen reiterated a “market perform” rating and set a $122.00 target price (down from $129.00) on shares of J B Hunt Transport Services in a research report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $124.79.

NASDAQ JBHT opened at $109.28 on Monday. J B Hunt Transport Services Inc has a fifty-two week low of $88.38 and a fifty-two week high of $131.74. The firm has a market capitalization of $11.88 billion, a PE ratio of 19.27, a P/E/G ratio of 1.46 and a beta of 1.10. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.43.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 17th. The transportation company reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.67). The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.29 billion. J B Hunt Transport Services had a return on equity of 30.72% and a net margin of 5.68%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. As a group, research analysts predict that J B Hunt Transport Services Inc will post 6.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 8th will be paid a $0.26 dividend. This is a positive change from J B Hunt Transport Services’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, February 7th. J B Hunt Transport Services’s dividend payout ratio is presently 18.34%.

COPYRIGHT VIOLATION WARNING: This story was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://www.chaffeybreeze.com/2019/02/11/j-b-hunt-transport-services-inc-jbht-shares-sold-by-rhumbline-advisers.html.

J B Hunt Transport Services Profile

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 through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

See Also: How to Invest in Growth Stocks

Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J B Hunt Transport Services Inc (NASDAQ:JBHT).

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

Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply