TD Asset Management Inc Has $39.26 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

TD Asset Management Inc lessened its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 265,370 shares of the transportation company’s stock after selling 33,396 shares during the quarter. TD Asset Management Inc owned approximately 0.27% of J.B. Hunt Transport Services worth $39,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP grew its position in shares of J.B. Hunt Transport Services by 167.0% during the 1st quarter. Allworth Financial LP now owns 235 shares of the transportation company’s stock worth $35,000 after buying an additional 147 shares during the period. TD Private Client Wealth LLC grew its position in shares of J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock worth $49,000 after buying an additional 109 shares during the period. Bessemer Group Inc. grew its position in shares of J.B. Hunt Transport Services by 22.4% during the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock worth $97,000 after buying an additional 120 shares during the period. Exchange Traded Concepts LLC grew its position in shares of J.B. Hunt Transport Services by 13.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock worth $108,000 after buying an additional 85 shares during the period. Finally, NBC Securities Inc. grew its position in shares of J.B. Hunt Transport Services by 112,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,130 shares of the transportation company’s stock worth $167,000 after buying an additional 1,129 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stephens reduced their price objective on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. UBS Group reaffirmed a “buy” rating on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. Raymond James Financial raised their price objective on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Wells Fargo & Company reissued an “overweight” rating and issued a $163.00 price target (up previously from $150.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 16th. Finally, Bank of America lifted their price target on shares of J.B. Hunt Transport Services from $166.00 to $171.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.90.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total transaction of $150,298.33. Following the sale, the executive vice president directly owned 946 shares in the company, valued at $143,763.62. The trade was a 51.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Price Performance

JBHT opened at $148.39 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 2.30 and a beta of 1.29. The firm’s fifty day moving average price is $144.87 and its two-hundred day moving average price is $149.95. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%. J.B. Hunt Transport Services’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 earnings per share. As a group, analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, August 8th. J.B. Hunt Transport Services’s payout ratio is 32.00%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. 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.