J B Hunt Transport Services Inc (JBHT) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC lessened its holdings in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 56.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,356 shares of the transportation company’s stock after selling 17,522 shares during the quarter. Chartwell Investment Partners LLC’s holdings in J B Hunt Transport Services were worth $1,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc lifted its position in J B Hunt Transport Services by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 9,796,569 shares of the transportation company’s stock worth $1,165,205,000 after buying an additional 94,410 shares during the last quarter. BlackRock Inc. lifted its position in J B Hunt Transport Services by 1.3% in the 4th quarter. BlackRock Inc. now owns 6,194,877 shares of the transportation company’s stock worth $576,369,000 after buying an additional 81,584 shares during the last quarter. Bank of New York Mellon Corp lifted its position in J B Hunt Transport Services by 23.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,455,788 shares of the transportation company’s stock worth $292,090,000 after buying an additional 461,225 shares during the last quarter. Geode Capital Management LLC lifted its position in J B Hunt Transport Services by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 1,239,550 shares of the transportation company’s stock worth $115,143,000 after buying an additional 74,521 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in J B Hunt Transport Services by 4.2% in the 4th quarter. American Century Companies Inc. now owns 1,098,044 shares of the transportation company’s stock worth $102,162,000 after buying an additional 44,120 shares during the last quarter. Hedge funds and other institutional investors own 72.46% of the company’s stock.

Shares of J B Hunt Transport Services stock opened at $105.50 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 1.11. The company has a market capitalization of $11.60 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 1.43 and a beta of 1.13. J B Hunt Transport Services Inc has a one year low of $88.38 and a one year high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.16). The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.17 billion. J B Hunt Transport Services had a return on equity of 30.72% and a net margin of 5.68%. J B Hunt Transport Services’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.07 earnings per share. As a group, equities analysts expect that J B Hunt Transport Services Inc will post 6.09 EPS for the current fiscal year.

In other J B Hunt Transport Services news, EVP Nicholas Hobbs sold 3,000 shares of J B Hunt Transport Services stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $112.04, for a total value of $336,120.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David G. Mee sold 2,886 shares of J B Hunt Transport Services stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $109.06, for a total value of $314,747.16. Following the completion of the transaction, the chief financial officer now directly owns 110,500 shares in the company, valued at $12,051,130. The disclosure for this sale can be found here. Insiders sold a total of 12,986 shares of company stock worth $1,402,544 over the last ninety days. Insiders own 3.60% of the company’s stock.

A number of analysts recently weighed in on JBHT shares. Morgan Stanley dropped their target price on J B Hunt Transport Services from $118.00 to $113.00 and set an “equal weight” rating for the company in a research report on Monday, January 7th. Credit Suisse Group dropped their target price on J B Hunt Transport Services from $148.00 to $121.00 and set an “outperform” rating for the company in a research report on Tuesday, January 15th. BidaskClub downgraded J B Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 28th. ValuEngine downgraded J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Cowen restated a “market perform” rating and issued a $122.00 target price (down previously from $129.00) on shares of J B Hunt Transport Services in a research report on Friday, January 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $124.00.

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J B Hunt Transport Services Profile

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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