Osmosis Investment Management UK Ltd Makes New $4.21 Million Investment in J.B. Hunt Transport Services, Inc. $JBHT

Osmosis Investment Management UK Ltd bought a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, HoldingsChannel reports. The institutional investor bought 14,528 shares of the transportation company’s stock, valued at approximately $4,205,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of J.B. Hunt Transport Services by 74.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock valued at $2,314,000 after acquiring an additional 6,668 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in J.B. Hunt Transport Services by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock worth $64,160,000 after acquiring an additional 13,729 shares in the last quarter. Empowered Funds LLC grew its holdings in J.B. Hunt Transport Services by 27.8% during the 1st quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock worth $262,000 after acquiring an additional 385 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter valued at about $539,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of J.B. Hunt Transport Services by 21.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 101 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president directly owned 15,881 shares in the company, valued at $4,510,362.81. The trade was a 8.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Keefauver sold 703 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president directly owned 790 shares in the company, valued at $225,252.70. This represents a 47.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $275.45 on Monday. The company’s 50-day simple moving average is $278.58 and its 200-day simple moving average is $251.41. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $299.76. The stock has a market capitalization of $25.87 billion, a P/E ratio of 39.02, a P/E/G ratio of 1.73 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the previous year, the business posted $1.31 EPS. J.B. Hunt Transport Services’s revenue was up 19.4% on a year-over-year basis. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is presently 25.50%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on JBHT shares. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $270.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Morgan Stanley restated an “underweight” rating and set a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Finally, Robert W. Baird lifted their price target on J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $286.30.

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.