Voya Investment Management LLC Has $2.43 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Voya Investment Management LLC reduced its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 23.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,123 shares of the transportation company’s stock after selling 5,568 shares during the quarter. Voya Investment Management LLC’s holdings in J.B. Hunt Transport Services were worth $2,432,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JBHT. AQR Capital Management LLC raised its stake in shares of J.B. Hunt Transport Services by 411.5% during the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after buying an additional 1,447,993 shares during the last quarter. Norges Bank acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $91,094,000. Park Presidio Capital LLC raised its position in shares of J.B. Hunt Transport Services by 149.5% during the 2nd quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company’s stock valued at $96,337,000 after acquiring an additional 401,937 shares during the last quarter. First Trust Advisors LP raised its position in shares of J.B. Hunt Transport Services by 178.9% during the 2nd quarter. First Trust Advisors LP now owns 428,704 shares of the transportation company’s stock valued at $61,562,000 after acquiring an additional 275,017 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of J.B. Hunt Transport Services by 7.1% in the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock valued at $592,015,000 after purchasing an additional 272,594 shares during the period. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $198.28 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $18.88 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.99 and a beta of 1.28. The business has a 50 day simple moving average of $178.15 and a 200 day simple moving average of $155.60. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $204.43.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 earnings per share. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 7th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.76 dividend on an annualized basis and a yield of 0.9%. J.B. Hunt Transport Services’s dividend payout ratio is presently 30.50%.

Insider Activity

In other J.B. Hunt Transport Services news, insider Bradley W. Hicks sold 2,000 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $190.04, for a total value of $380,080.00. Following the sale, the insider owned 30,499 shares of the company’s stock, valued at $5,796,029.96. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO John Kuhlow sold 3,225 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $179.76, for a total value of $579,726.00. Following the completion of the sale, the chief accounting officer owned 13,095 shares in the company, valued at approximately $2,353,957.20. This trade represents a 19.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 15,109 shares of company stock worth $2,688,970. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of recent analyst reports. Raymond James Financial upped their price objective on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. UBS Group boosted their target price on J.B. Hunt Transport Services from $157.00 to $174.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Benchmark increased their price target on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Morgan Stanley boosted their price objective on shares of J.B. Hunt Transport Services from $150.00 to $165.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Finally, Citigroup lowered their target price on shares of J.B. Hunt Transport Services from $170.00 to $163.00 and set a “buy” rating for the company in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $171.30.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.