Tredje AP fonden Buys 3,608 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Tredje AP fonden boosted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 54.6% during the third quarter, Holdings Channel reports. The firm owned 10,212 shares of the transportation company’s stock after purchasing an additional 3,608 shares during the quarter. Tredje AP fonden’s holdings in J.B. Hunt Transport Services were worth $1,370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JBHT. State Street Corp grew its position in 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 worth $592,015,000 after purchasing an additional 272,594 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of J.B. Hunt Transport Services by 18.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock worth $358,510,000 after buying an additional 416,167 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of J.B. Hunt Transport Services by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 2,072,500 shares of the transportation company’s stock worth $296,383,000 after buying an additional 11,637 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of J.B. Hunt Transport Services by 411.5% in the second quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after acquiring an additional 1,447,993 shares during the period. Finally, Park Presidio Capital LLC grew its holdings in shares of J.B. Hunt Transport Services by 149.5% in the second quarter. Park Presidio Capital LLC now owns 670,873 shares of the transportation company’s stock worth $96,337,000 after acquiring an additional 401,937 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JBHT. Weiss Ratings reissued a “hold (c)” rating on shares of J.B. Hunt Transport Services in a report on Monday, December 29th. BMO Capital Markets reaffirmed an “outperform” rating and set a $245.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday. Wells Fargo & Company raised their price objective on shares of J.B. Hunt Transport Services from $170.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, January 6th. Robert W. Baird upped their target price on shares of J.B. Hunt Transport Services from $173.00 to $215.00 and gave the company an “outperform” rating in a report on Monday, January 5th. Finally, Evercore set a $222.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $203.00.

Insiders Place Their Bets

In other news, COO Nicholas Hobbs sold 3,038 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $201.97, for a total value of $613,584.86. Following the completion of the transaction, the chief operating officer owned 90,318 shares of the company’s stock, valued at $18,241,526.46. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO John Kuhlow sold 3,225 shares of the firm’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 transaction, the chief accounting officer owned 13,095 shares of the company’s stock, valued at approximately $2,353,957.20. The trade was a 19.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 32,316 shares of company stock valued at $6,727,749. Insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $230.16 on Monday. The company has a market capitalization of $21.92 billion, a P/E ratio of 37.49, a P/E/G ratio of 1.87 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $234.82. The firm’s 50 day simple moving average is $208.51 and its two-hundred day simple moving average is $173.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 15th. The transportation company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.09. J.B. Hunt Transport Services had a net margin of 4.99% and a return on equity of 16.33%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the company posted $1.53 earnings per share. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 6th were issued a dividend of $0.45 per share. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.44. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, February 6th. J.B. Hunt Transport Services’s payout ratio is 29.32%.

J.B. Hunt Transport Services 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.