Everence Capital Management Inc. Grows Stake in J.B. Hunt Transport Services, Inc. (JBHT)

Everence Capital Management Inc. grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 101.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,140 shares of the transportation company’s stock after buying an additional 2,590 shares during the period. Everence Capital Management Inc.’s holdings in J.B. Hunt Transport Services were worth $571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBHT. Teachers Advisors LLC increased its stake in shares of J.B. Hunt Transport Services by 4.4% in the 1st quarter. Teachers Advisors LLC now owns 102,505 shares of the transportation company’s stock valued at $9,404,000 after buying an additional 4,360 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of J.B. Hunt Transport Services by 11.6% during the first quarter. PNC Financial Services Group Inc. now owns 8,497 shares of the transportation company’s stock worth $779,000 after purchasing an additional 884 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of J.B. Hunt Transport Services by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 420,266 shares of the transportation company’s stock worth $38,555,000 after purchasing an additional 1,492 shares during the period. AQR Capital Management LLC grew its stake in shares of J.B. Hunt Transport Services by 236.5% during the first quarter. AQR Capital Management LLC now owns 45,857 shares of the transportation company’s stock worth $4,207,000 after purchasing an additional 32,231 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of J.B. Hunt Transport Services during the first quarter worth $535,000. 71.20% of the stock is owned by institutional investors.

JBHT has been the subject of a number of analyst reports. Bank of America Corporation reaffirmed a “buy” rating and set a $109.00 price objective (up from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. BidaskClub raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Morgan Stanley reaffirmed an “equal weight” rating and set a $84.00 price objective (down from $85.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $105.00 price objective (up from $100.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. Finally, Loop Capital reaffirmed a “buy” rating and set a $103.00 price objective (down from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $109.41.

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In related news, CFO David G. Mee sold 10,767 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $91.29, for a total value of $982,919.43. Following the transaction, the chief financial officer now owns 109,500 shares of the company’s stock, valued at approximately $9,996,255. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John N. Roberts sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $91.25, for a total transaction of $638,750.00. Following the completion of the transaction, the insider now directly owns 267,377 shares in the company, valued at approximately $24,398,151.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,138,191 shares of company stock valued at $112,637,365. 4.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Friday, October 13th. The transportation company reported $0.91 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be paid a $0.23 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.92 annualized dividend and a dividend yield of 0.86%. J.B. Hunt Transport Services’s dividend payout ratio is presently 24.47%.

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)

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