14,252 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 14,252 shares of the transportation company’s stock, valued at approximately $2,229,000.

A number of other large investors have also made changes to their positions in JBHT. Mackenzie Financial Corp lifted its position in shares of J.B. Hunt Transport Services by 0.9% during the 1st quarter. Mackenzie Financial Corp now owns 6,297 shares of the transportation company’s stock valued at $1,264,000 after buying an additional 56 shares in the last quarter. Homestead Advisers Corp raised its holdings in shares of J.B. Hunt Transport Services by 25.6% during the 2nd quarter. Homestead Advisers Corp now owns 280 shares of the transportation company’s stock worth $44,000 after acquiring an additional 57 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of J.B. Hunt Transport Services by 0.5% during the 1st quarter. Yousif Capital Management LLC now owns 13,252 shares of the transportation company’s stock valued at $2,661,000 after purchasing an additional 60 shares during the last quarter. Comerica Bank increased its position in shares of J.B. Hunt Transport Services by 0.5% during the 2nd quarter. Comerica Bank now owns 11,288 shares of the transportation company’s stock valued at $1,969,000 after purchasing an additional 61 shares during the last quarter. Finally, Ronald Blue Trust Inc. increased its position in shares of J.B. Hunt Transport Services by 67.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 169 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 68 shares during the last quarter. 74.93% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Spencer Frazier sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction on Monday, November 7th. The stock was sold at an average price of $177.16, for a total transaction of $177,160.00. Following the completion of the sale, the executive vice president now owns 3,060 shares of the company’s stock, valued at $542,109.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other J.B. Hunt Transport Services news, EVP Shelley Simpson sold 7,000 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $186.02, for a total value of $1,302,140.00. Following the completion of the sale, the executive vice president now owns 77,630 shares of the company’s stock, valued at $14,440,732.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Spencer Frazier sold 1,000 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $177.16, for a total value of $177,160.00. Following the completion of the sale, the executive vice president now directly owns 3,060 shares of the company’s stock, valued at approximately $542,109.60. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of recent research reports. Benchmark dropped their price target on J.B. Hunt Transport Services from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 20th. Raymond James raised their target price on 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. Barclays dropped their price objective on J.B. Hunt Transport Services from $210.00 to $190.00 in a report on Tuesday, October 11th. Susquehanna Bancshares decreased 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 report on Wednesday, October 19th. Finally, Citigroup lifted their price objective on J.B. Hunt Transport Services from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $196.41.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $180.68 on Thursday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $18.71 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.22 and a beta of 1.12. The stock’s fifty day simple moving average is $178.68 and its 200 day simple moving average is $174.05. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.92 and a 52-week high of $218.18.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last issued its earnings results on Tuesday, October 18th. The transportation company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.12. J.B. Hunt Transport Services had a return on equity of 30.61% and a net margin of 6.89%. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same period in the previous year, the firm posted $1.88 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 9.76 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, November 18th. Stockholders of record on Friday, November 4th were issued 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 dividend payout ratio is 16.74%.

J.B. Hunt Transport Services Profile

(Get Rating)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.

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

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