denkapparat Operations GmbH Acquires New Shares in J.B. Hunt Transport Services, Inc. $JBHT

denkapparat Operations GmbH acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,048 shares of the transportation company’s stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of J.B. Hunt Transport Services by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company’s stock worth $1,486,670,000 after purchasing an additional 195,873 shares during the period. JPMorgan Chase & Co. lifted its position in J.B. Hunt Transport Services by 14.6% in the first quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company’s stock valued at $718,015,000 after buying an additional 616,986 shares during the last quarter. Wellington Management Group LLP boosted its stake in J.B. Hunt Transport Services by 11.5% during the first quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company’s stock worth $208,322,000 after buying an additional 144,666 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of J.B. Hunt Transport Services by 2.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,347,508 shares of the transportation company’s stock valued at $199,364,000 after acquiring an additional 27,871 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of J.B. Hunt Transport Services by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,201,423 shares of the transportation company’s stock worth $177,738,000 after purchasing an additional 20,396 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on JBHT. UBS Group upped their price target on J.B. Hunt Transport Services from $157.00 to $174.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Evercore ISI boosted their price objective on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Susquehanna increased their target price on J.B. Hunt Transport Services from $145.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Morgan Stanley lifted their target price on J.B. Hunt Transport Services from $145.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 16th. Finally, Benchmark boosted their price target on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.30.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 6,500 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total value of $1,098,500.00. Following the sale, the executive vice president directly owned 12,976 shares in the company, valued at $2,192,944. This trade represents a 33.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

J.B. Hunt Transport Services Stock Up 0.7%

JBHT stock opened at $169.26 on Thursday. The company’s 50 day moving average price is $149.85 and its 200 day moving average price is $145.64. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 2.33 and a beta of 1.26. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $192.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The company had revenue of ($5,136.05) million during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the firm earned $1.49 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be paid a dividend of $0.44 per share. The ex-dividend date is Friday, November 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. J.B. Hunt Transport Services’s payout ratio is presently 30.50%.

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

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.