Pictet Asset Management SA Boosts Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Pictet Asset Management SA grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) by 15.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,350 shares of the transportation company’s stock after buying an additional 5,397 shares during the period. Pictet Asset Management SA’s holdings in J.B. Hunt Transport Services were worth $6,511,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Sumitomo Mitsui Financial Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 8.5% during the 2nd quarter. Sumitomo Mitsui Financial Group Inc. now owns 60,290 shares of the transportation company’s stock valued at $9,494,000 after buying an additional 4,731 shares in the last quarter. Lazard Asset Management LLC increased its stake in J.B. Hunt Transport Services by 29.4% in the 2nd quarter. Lazard Asset Management LLC now owns 260,943 shares of the transportation company’s stock worth $41,090,000 after acquiring an additional 59,321 shares during the last quarter. Duality Advisers LP bought a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $3,571,000. Walleye Capital LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $3,759,000. Finally, Coyle Financial Counsel LLC bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at approximately $659,000. 73.87% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $180.25 on Friday. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 1.23 and a beta of 1.13. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.92 and a 12 month high of $218.18. The firm’s 50 day simple moving average is $169.38 and its 200-day simple moving average is $171.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.43 and a quick ratio of 1.43.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last issued its quarterly earnings data on Tuesday, October 18th. The transportation company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.12. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.80 billion. J.B. Hunt Transport Services had a net margin of 6.89% and a return on equity of 30.61%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the company earned $1.88 EPS. Analysts expect that J.B. Hunt Transport Services, Inc. will post 9.77 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Friday, November 4th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, November 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. J.B. Hunt Transport Services’s payout ratio is 16.74%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Susquehanna Bancshares reduced their target price on J.B. Hunt Transport Services from $196.00 to $194.00 and set a “positive” rating on the stock in a research note on Wednesday, October 19th. StockNews.com started coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Raymond James increased their target price on shares of J.B. Hunt Transport Services from $190.00 to $195.00 and gave the stock an “outperform” rating in a report on Wednesday, October 19th. Susquehanna dropped their target price on shares of J.B. Hunt Transport Services from $196.00 to $194.00 and set a “positive” rating on the stock in a report on Wednesday, October 19th. Finally, Evercore ISI decreased their price target on shares of J.B. Hunt Transport Services to $194.00 in a research report on Thursday, October 20th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $198.68.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee purchased 210 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were purchased at an average price of $167.75 per share, with a total value of $35,227.50. Following the purchase, the executive vice president now owns 611 shares of the company’s stock, valued at $102,495.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Shelley Simpson sold 7,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, November 11th. The shares were sold at an average price of $186.02, for a total value of $1,302,140.00. Following the sale, the executive vice president now owns 77,630 shares of the company’s stock, valued at approximately $14,440,732.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Mcgee acquired 210 shares of the firm’s stock in a transaction on Wednesday, September 7th. The stock was purchased at an average price of $167.75 per share, for a total transaction of $35,227.50. Following the acquisition, the executive vice president now directly owns 611 shares in the company, valued at approximately $102,495.25. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company’s stock.

J.B. Hunt Transport Services Profile

(Get Rating)

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

Further Reading

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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