Securian Asset Management Inc. Sells 100 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Securian Asset Management Inc. lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,075 shares of the transportation company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in J.B. Hunt Transport Services were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale lifted its stake in shares of J.B. Hunt Transport Services by 0.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 15,998 shares of the transportation company’s stock worth $2,317,000 after purchasing an additional 103 shares during the period. Stephens Inc. AR raised its stake in J.B. Hunt Transport Services by 2.8% during the 2nd quarter. Stephens Inc. AR now owns 113,935 shares of the transportation company’s stock worth $16,390,000 after acquiring an additional 3,121 shares during the period. Chicago Partners Investment Group LLC raised its stake in J.B. Hunt Transport Services by 136.0% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,925 shares of the transportation company’s stock worth $738,000 after acquiring an additional 2,838 shares during the period. Private Trust Co. NA raised its stake in J.B. Hunt Transport Services by 57.8% during the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after acquiring an additional 74 shares during the period. Finally, Rosenberg Matthew Hamilton bought a new stake in J.B. Hunt Transport Services during the 2nd quarter worth approximately $50,000. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee bought 1,148 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of $140.76 per share, with a total value of $161,592.48. Following the completion of the acquisition, the executive vice president owned 7,397 shares in the company, valued at $1,041,201.72. This trade represents a 18.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Trading Down 1.0%

J.B. Hunt Transport Services stock opened at $165.11 on Friday. The stock has a market cap of $15.98 billion, a P/E ratio of 28.62, a PEG ratio of 2.30 and a beta of 1.24. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The firm’s 50 day moving average price is $143.55 and its 200-day moving average price is $142.17.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.30. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $1.49 earnings per share. On average, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services declared that its board has authorized a share repurchase plan on Wednesday, October 22nd that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.1%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 30.50%.

Analyst Upgrades and Downgrades

A number of research firms have commented on JBHT. Morgan Stanley raised their target price on shares of J.B. Hunt Transport Services from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 8th. Barclays raised their target price on shares of J.B. Hunt Transport Services from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 16th. Truist Financial raised their target price on shares of J.B. Hunt Transport Services from $145.00 to $155.00 and gave the stock a “hold” rating in a research note on Thursday, October 16th. Finally, Baird R W upgraded shares of J.B. Hunt Transport Services to a “strong-buy” rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average target price of $166.30.

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.