KBC Group NV lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 29.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,637 shares of the transportation company’s stock after buying an additional 2,664 shares during the period. KBC Group NV’s holdings in J.B. Hunt Transport Services were worth $1,293,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of J.B. Hunt Transport Services by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 449,576 shares of the transportation company’s stock worth $49,931,000 after acquiring an additional 1,686 shares in the last quarter. MUFG Americas Holdings Corp raised its holdings in shares of J.B. Hunt Transport Services by 9.5% during the third quarter. MUFG Americas Holdings Corp now owns 52,446 shares of the transportation company’s stock worth $5,826,000 after acquiring an additional 4,541 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of J.B. Hunt Transport Services by 26.3% during the third quarter. Brown Advisory Inc. now owns 335,502 shares of the transportation company’s stock worth $37,268,000 after acquiring an additional 69,910 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of J.B. Hunt Transport Services by 3.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 402,440 shares of the transportation company’s stock worth $44,704,000 after acquiring an additional 11,583 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its holdings in shares of J.B. Hunt Transport Services by 27.5% during the third quarter. Commonwealth Bank of Australia now owns 6,500 shares of the transportation company’s stock worth $718,000 after acquiring an additional 1,400 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at $111.24 on Wednesday. J.B. Hunt Transport Services, Inc. has a 1-year low of $83.35 and a 1-year high of $112.99. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $12,215.39, a PE ratio of 30.25, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the business earned $0.97 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up 9.0% on a year-over-year basis. equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 3.76 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.92 annualized dividend and a yield of 0.83%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 24.47%.

JBHT has been the subject of several recent research reports. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Tuesday, September 19th. Cowen reiterated a “buy” rating and set a $102.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, August 25th. Stifel Nicolaus upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and increased their price objective for the stock from $91.00 to $125.00 in a report on Friday, September 29th. KeyCorp reiterated a “buy” rating and set a $115.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, September 22nd. Finally, Credit Suisse Group reiterated a “buy” rating and set a $114.00 price objective (up from $100.00) on shares of J.B. Hunt Transport Services in a report on Thursday, October 12th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $110.00.

In other news, SVP John Kuhlow sold 500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $112.55, for a total value of $56,275.00. Following the transaction, the senior vice president now directly owns 3,499 shares in the company, valued at $393,812.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Earl Wayne Garrison sold 100,000 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $109.29, for a total value of $10,929,000.00. Following the completion of the transaction, the director now owns 2,050,000 shares in the company, valued at $224,044,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 101,500 shares of company stock worth $11,095,605. Corporate insiders own 4.30% of the company’s stock.

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J.B. Hunt Transport Services 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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