Nisa Investment Advisors LLC Sells 562 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Nisa Investment Advisors LLC lessened its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,223 shares of the transportation company’s stock after selling 562 shares during the quarter. Nisa Investment Advisors LLC’s holdings in J.B. Hunt Transport Services were worth $1,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Private Trust Co. NA grew its holdings in J.B. Hunt Transport Services by 57.8% in the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after purchasing an additional 74 shares during the period. Farther Finance Advisors LLC grew its holdings in J.B. Hunt Transport Services by 38.6% in the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock worth $45,000 after purchasing an additional 88 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in J.B. Hunt Transport Services by 0.6% in the second 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. Trust Investment Advisors grew its holdings in J.B. Hunt Transport Services by 2.3% in the first quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company’s stock worth $695,000 after purchasing an additional 104 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in J.B. Hunt Transport Services by 3.4% in the second quarter. Verdence Capital Advisors LLC now owns 3,239 shares of the transportation company’s stock worth $465,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, EVP Eric Mcgee acquired 1,148 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the transaction, the executive vice president directly owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the sale, the executive vice president directly owned 12,976 shares of the company’s stock, valued at approximately $2,192,944. This represents a 33.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. TD Cowen upped their price objective on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the stock a “hold” rating in a report on Thursday, October 16th. Benchmark upped their target price on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Robert W. Baird upped their target price on shares of J.B. Hunt Transport Services from $164.00 to $173.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Wells Fargo & Company upped their target price on shares of J.B. Hunt Transport Services from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Finally, Morgan Stanley upped 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. One equities 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 company. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $166.30.

J.B. Hunt Transport Services Stock Down 1.3%

Shares of J.B. Hunt Transport Services stock opened at $166.64 on Friday. The company has a market cap of $15.87 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. The company’s 50 day moving average is $145.43 and its 200 day moving average is $143.09. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 earnings per share. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

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

J.B. Hunt Transport Services Announces Dividend

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

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.