AdvisorNet Financial Inc Trims Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

AdvisorNet Financial Inc trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 29.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 767 shares of the transportation company’s stock after selling 313 shares during the period. AdvisorNet Financial Inc’s holdings in J.B. Hunt Transport Services were worth $123,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in JBHT. Wealth Enhancement Advisory Services LLC lifted its position in shares of J.B. Hunt Transport Services by 13.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,761 shares of the transportation company’s stock valued at $602,000 after buying an additional 437 shares in the last quarter. Financial Partners Group LLC grew its holdings in shares of J.B. Hunt Transport Services by 50.7% in the second quarter. Financial Partners Group LLC now owns 9,622 shares of the transportation company’s stock valued at $1,540,000 after purchasing an additional 3,238 shares in the last quarter. Czech National Bank increased its holdings in shares of J.B. Hunt Transport Services by 8.3% in the 2nd quarter. Czech National Bank now owns 15,535 shares of the transportation company’s stock worth $2,486,000 after buying an additional 1,188 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of J.B. Hunt Transport Services by 2.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 387,327 shares of the transportation company’s stock valued at $61,972,000 after buying an additional 8,084 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of J.B. Hunt Transport Services by 31.5% in the 2nd quarter. SG Americas Securities LLC now owns 19,568 shares of the transportation company’s stock valued at $3,131,000 after acquiring an additional 4,687 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock traded up $3.31 during mid-day trading on Thursday, reaching $166.94. The stock had a trading volume of 1,093,801 shares, compared to its average volume of 867,880. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The firm has a market cap of $17.23 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.82 and a beta of 1.14. The company has a current ratio of 1.21, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average is $162.17 and its 200-day moving average is $178.17.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.19). J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the company posted $1.81 EPS. J.B. Hunt Transport Services’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.73 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Friday, August 2nd. J.B. Hunt Transport Services’s payout ratio is 27.30%.

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

In other news, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the transaction, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus decreased their price target on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a report on Tuesday, July 23rd. Evercore ISI lowered their target price on shares of J.B. Hunt Transport Services from $191.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Morgan Stanley cut their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Barclays decreased their price objective on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $181.88.

About J.B. Hunt Transport Services

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.