J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is Disciplined Investments LLC’s 10th Largest Position

Disciplined Investments LLC lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 8.2% in the second quarter, HoldingsChannel.com reports. The firm owned 31,453 shares of the transportation company’s stock after purchasing an additional 2,386 shares during the quarter. J.B. Hunt Transport Services comprises about 2.7% of Disciplined Investments LLC’s investment portfolio, making the stock its 10th biggest holding. Disciplined Investments LLC’s holdings in J.B. Hunt Transport Services were worth $5,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of J.B. Hunt Transport Services by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock worth $1,946,628,000 after purchasing an additional 25,109 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of J.B. Hunt Transport Services by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company’s stock worth $231,416,000 after purchasing an additional 5,179 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock worth $152,589,000 after purchasing an additional 193,684 shares in the last quarter. Norges Bank purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter worth $185,299,000. Finally, FIL Ltd increased its stake in shares of J.B. Hunt Transport Services by 15.7% in the fourth quarter. FIL Ltd now owns 887,836 shares of the transportation company’s stock worth $177,336,000 after purchasing an additional 120,202 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Persio V. Lisboa acquired 600 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of several research analyst reports. Susquehanna cut their target price on shares of J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating for the company in a research note on Wednesday, July 17th. BMO Capital Markets raised their target price on shares of J.B. Hunt Transport Services from $188.00 to $195.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Morgan Stanley cut their target price on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. Evercore ISI cut 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 research note on Wednesday, July 17th. Finally, Stifel Nicolaus cut their target price on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating for the company in a research note on Tuesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.88.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $167.99 on Wednesday. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $168.40 and a two-hundred day simple moving average of $171.83. The firm has a market capitalization of $17.34 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.19). The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. J.B. Hunt Transport Services’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.81 EPS. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were issued a $0.43 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.72 annualized dividend and a dividend yield of 1.02%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

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.