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Envestnet cuts holdings in J.B. Hunt Transport by 42.9%, despite the company beating earnings expectations.
Envestnet Portfolio Solutions Inc. reduced its holdings in J.B. Hunt Transport Services, Inc. by 42.9%, selling 1,323 shares to own 1,763 shares.
J.B. Hunt, a transportation and logistics company, reported earnings per share of $1.17 for the first quarter, beating analysts' expectations of $1.15.
The company's market cap is $14.42 billion, and it has a price-to-earnings ratio of 26.38.
Institutional investors own over 74% of the stock.
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Envestnet recorta las participaciones en J.B. Hunt Transport en un 42,9%, a pesar de que la compañía superó las expectativas de ganancias.