J.B. Hunt Transport Services, Inc. (JBHT) Stake Reduced by Montag & Caldwell LLC

Montag & Caldwell LLC lowered its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 12,472 shares of the transportation company’s stock after selling 20 shares during the period. Montag & Caldwell LLC’s holdings in J.B. Hunt Transport Services were worth $1,144,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC boosted its stake in shares of J.B. Hunt Transport Services by 0.3% in the first quarter. LS Investment Advisors LLC now owns 4,586 shares of the transportation company’s stock worth $421,000 after buying an additional 13 shares during the period. Strs Ohio boosted its stake in shares of J.B. Hunt Transport Services by 0.4% in the first quarter. Strs Ohio now owns 7,120 shares of the transportation company’s stock worth $653,000 after buying an additional 27 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of J.B. Hunt Transport Services by 3.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock worth $119,000 after buying an additional 43 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of J.B. Hunt Transport Services by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,050 shares of the transportation company’s stock worth $1,748,000 after buying an additional 49 shares during the period. Finally, Hartford Investment Management Co. boosted its stake in shares of J.B. Hunt Transport Services by 0.3% in the third quarter. Hartford Investment Management Co. now owns 21,286 shares of the transportation company’s stock worth $1,727,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 73.28% of the company’s stock.

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

Shares of J.B. Hunt Transport Services, Inc. (JBHT) traded down 0.79% during trading on Friday, reaching $89.58. The company’s stock had a trading volume of 1,283,525 shares. The stock has a market capitalization of $9.85 billion, a PE ratio of 23.26 and a beta of 0.95. J.B. Hunt Transport Services, Inc. has a 12-month low of $75.71 and a 12-month high of $102.38. The firm’s 50-day moving average is $87.04 and its 200-day moving average is $93.74.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, April 17th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.06. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. J.B. Hunt Transport Services had a return on equity of 30.67% and a net margin of 6.54%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post $3.97 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.03%. The ex-dividend date was Wednesday, May 3rd. J.B. Hunt Transport Services’s dividend payout ratio is presently 23.83%.

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A number of brokerages have recently commented on JBHT. Stifel Nicolaus dropped their target price on shares of J.B. Hunt Transport Services from $97.00 to $88.00 and set a “hold” rating on the stock in a report on Wednesday, April 19th. Zacks Investment Research upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. BMO Capital Markets restated a “hold” rating and set a $96.00 target price (down previously from $100.00) on shares of J.B. Hunt Transport Services in a report on Friday, March 31st. Deutsche Bank AG boosted their target price on shares of J.B. Hunt Transport Services from $90.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Finally, J P Morgan Chase & Co began coverage on shares of J.B. Hunt Transport Services in a research note on Tuesday, May 23rd. They issued an “overweight” rating and a $107.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $97.00.

About J.B. Hunt Transport Services

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.

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