State of Alaska Department of Revenue Has $269,000 Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

State of Alaska Department of Revenue lowered its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,945 shares of the transportation company’s stock after selling 50 shares during the period. State of Alaska Department of Revenue’s holdings in J.B. Hunt Transport Services were worth $269,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in JBHT. Creative Planning raised its stake in shares of J.B. Hunt Transport Services by 20.1% in the second quarter. Creative Planning now owns 2,132 shares of the transportation company’s stock valued at $195,000 after buying an additional 357 shares during the last quarter. Atria Investments LLC raised its stake in shares of J.B. Hunt Transport Services by 22.2% in the second quarter. Atria Investments LLC now owns 8,470 shares of the transportation company’s stock valued at $774,000 after buying an additional 1,539 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of J.B. Hunt Transport Services by 14.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 11,910 shares of the transportation company’s stock valued at $1,093,000 after buying an additional 1,460 shares in the last quarter. Bank of Nova Scotia bought a new stake in shares of J.B. Hunt Transport Services during the first quarter valued at approximately $1,640,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of J.B. Hunt Transport Services during the first quarter valued at approximately $4,587,000. 73.14% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services, Inc. (JBHT) traded down 0.27% during midday trading on Friday, reaching $96.63. The company had a trading volume of 988,850 shares. The stock has a 50-day moving average price of $92.51 and a 200 day moving average price of $91.93. J.B. Hunt Transport Services, Inc. has a 12-month low of $76.20 and a 12-month high of $102.38. The company has a market capitalization of $10.57 billion, a PE ratio of 25.35 and a beta of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.04. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the business posted $0.92 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts forecast that J.B. Hunt Transport Services, Inc. will post $3.88 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, August 3rd. J.B. Hunt Transport Services’s payout ratio is 24.08%.

ILLEGAL ACTIVITY WARNING: This article was first published by BNB Daily and is the sole property of of BNB Daily. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://www.baseball-news-blog.com/2017/08/19/j-b-hunt-transport-services-inc-nasdaqjbht-shares-sold-by-state-of-alaska-department-of-revenue-updated-updated.html.

JBHT has been the topic of several recent analyst reports. Loop Capital reaffirmed a “buy” rating and issued a $103.00 price target (down previously from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. Bank of America Corporation reaffirmed a “buy” rating and issued a $109.00 price target (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $84.00 price target (down previously from $85.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. BidaskClub upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $88.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, June 23rd. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $98.73.

In other news, EVP Shelley Simpson sold 3,700 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $97.05, for a total transaction of $359,085.00. Following the sale, the executive vice president now owns 55,944 shares in the company, valued at $5,429,365.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $94.73, for a total transaction of $94,730.00. Following the sale, the executive vice president now owns 18,690 shares in the company, valued at approximately $1,770,503.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,148 shares of company stock worth $3,433,555. Corporate insiders own 4.30% of the company’s stock.

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.

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

Receive News & Ratings for J.B. Hunt Transport Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply