First Republic Investment Management Inc. Decreases Stake in J B Hunt Transport Services Inc (NASDAQ:JBHT)

First Republic Investment Management Inc. lowered its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 7.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,722 shares of the transportation company’s stock after selling 315 shares during the quarter. First Republic Investment Management Inc.’s holdings in J B Hunt Transport Services were worth $448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Atlanta Capital Management Co. L L C increased its stake in shares of J B Hunt Transport Services by 1.2% during the 1st quarter. Atlanta Capital Management Co. L L C now owns 4,222,207 shares of the transportation company’s stock worth $389,414,000 after purchasing an additional 50,948 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of J B Hunt Transport Services by 35.3% during the 1st quarter. Wellington Management Group LLP now owns 4,163,124 shares of the transportation company’s stock worth $383,965,000 after purchasing an additional 1,085,747 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of J B Hunt Transport Services by 27.1% during the 1st quarter. Victory Capital Management Inc. now owns 2,002,293 shares of the transportation company’s stock worth $184,671,000 after purchasing an additional 427,411 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of J B Hunt Transport Services by 3.8% during the 1st quarter. Geode Capital Management LLC now owns 1,411,017 shares of the transportation company’s stock worth $129,899,000 after purchasing an additional 51,088 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of J B Hunt Transport Services by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,216,321 shares of the transportation company’s stock worth $146,372,000 after purchasing an additional 107,004 shares during the last quarter. Institutional investors own 73.39% of the company’s stock.

Several equities research analysts have recently issued reports on JBHT shares. Citigroup raised their price target on shares of J B Hunt Transport Services from $137.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, July 17th. BMO Capital Markets raised their price objective on shares of J B Hunt Transport Services from $100.00 to $125.00 and gave the stock a “market perform” rating in a report on Friday, July 17th. They noted that the move was a valuation call. Stephens raised their price target on shares of J B Hunt Transport Services from $132.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Deutsche Bank upgraded shares of J B Hunt Transport Services from a “sell” rating to a “hold” rating and upped their target price for the stock from $98.00 to $140.00 in a research report on Thursday, July 16th. Finally, BidaskClub lowered J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Sixteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. J B Hunt Transport Services presently has an average rating of “Hold” and an average price target of $132.84.

In other J B Hunt Transport Services news, insider Terrence D. Matthews sold 1,000 shares of J B Hunt Transport Services stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $141.00, for a total value of $141,000.00. Also, SVP John Kuhlow sold 2,737 shares of J B Hunt Transport Services stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $140.09, for a total value of $383,426.33. In the last three months, insiders sold 175,740 shares of company stock valued at $23,968,399. Corporate insiders own 3.51% of the company’s stock.

JBHT opened at $132.98 on Wednesday. The stock has a market cap of $14.03 billion, a PE ratio of 27.31, a PEG ratio of 1.90 and a beta of 0.97. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.55. The business has a 50 day moving average of $136.58 and a 200-day moving average of $114.36. J B Hunt Transport Services Inc has a 52 week low of $75.29 and a 52 week high of $144.35.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, July 16th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.31. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.06 billion. J B Hunt Transport Services had a return on equity of 22.88% and a net margin of 5.65%. During the same quarter in the previous year, the business earned $1.37 earnings per share. Equities analysts anticipate that J B Hunt Transport Services Inc will post 4.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Thursday, August 6th. J B Hunt Transport Services’s payout ratio is 22.09%.

About J B Hunt Transport Services

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

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

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