Chevy Chase Trust Holdings Inc. Has $6.75 Million Stake in J.B. Hunt Transport Services, Inc. (JBHT)

Chevy Chase Trust Holdings Inc. decreased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,904 shares of the transportation company’s stock after selling 942 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.07% of J.B. Hunt Transport Services worth $6,753,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Creative Planning increased its position in 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 worth $195,000 after buying an additional 357 shares during the period. Atria Investments LLC increased its position in 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 worth $774,000 after buying an additional 1,539 shares during the period. Nomura Asset Management Co. Ltd. increased its position in 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 worth $1,093,000 after buying an additional 1,460 shares during the period. Bank of Nova Scotia purchased a new position in J.B. Hunt Transport Services during the first quarter worth about $1,640,000. Finally, Point72 Asset Management L.P. purchased a new position in J.B. Hunt Transport Services during the first quarter worth about $4,587,000. Institutional investors own 73.09% of the company’s stock.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at 92.17 on Thursday. J.B. Hunt Transport Services, Inc. has a 52-week low of $76.20 and a 52-week high of $102.38. The company’s 50 day moving average price is $90.96 and its 200 day moving average price is $91.98. The stock has a market capitalization of $10.09 billion, a PE ratio of 24.18 and a beta of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.04. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.74 billion. J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.88 EPS for the current year.

J.B. Hunt Transport Services announced that its Board of Directors has approved a share repurchase program on Thursday, April 20th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 51% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.92 annualized dividend and a yield of 1.00%. J.B. Hunt Transport Services’s payout ratio is presently 24.08%.

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JBHT has been the subject of a number of research reports. BidaskClub downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Cowen and Company decreased their price objective on J.B. Hunt Transport Services from $102.00 to $101.00 and set an “outperform” rating for the company in a report on Wednesday, April 19th. Vertical Research initiated coverage on J.B. Hunt Transport Services in a report on Thursday, April 13th. They issued a “hold” rating and a $92.00 price objective for the company. Zacks Investment Research downgraded J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Monday, May 15th. Finally, Deutsche Bank AG increased their target price on J.B. Hunt Transport Services from $90.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $98.73.

In other news, CFO David G. Mee sold 10,767 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $91.29, for a total value of $982,919.43. Following the sale, the chief financial officer now owns 109,500 shares in the company, valued at $9,996,255. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicholas Hobbs sold 4,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $93.55, for a total value of $374,200.00. Following the completion of the sale, the executive vice president now owns 51,232 shares in the company, valued at approximately $4,792,753.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,448 shares of company stock worth $2,340,990. Company insiders own 4.30% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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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