Mirae Asset Global Investments Co. Ltd. Acquires 340 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mirae Asset Global Investments Co. Ltd. grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,035 shares of the transportation company’s stock after acquiring an additional 340 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in J.B. Hunt Transport Services were worth $2,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aviva PLC grew its position in shares of J.B. Hunt Transport Services by 45.3% in the 3rd quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock valued at $9,832,000 after acquiring an additional 16,249 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of J.B. Hunt Transport Services by 3.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company’s stock worth $6,870,000 after buying an additional 1,331 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 4th quarter worth about $11,513,000. Natixis Advisors L.P. lifted its stake in shares of J.B. Hunt Transport Services by 38.4% during the 3rd quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company’s stock worth $7,887,000 after buying an additional 11,613 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of J.B. Hunt Transport Services by 0.9% during the 3rd quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company’s stock worth $28,913,000 after buying an additional 1,393 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $164.20 on Friday. The firm has a 50 day moving average of $198.90 and a 200-day moving average of $192.97. The stock has a market capitalization of $16.96 billion, a PE ratio of 26.06, a PEG ratio of 1.61 and a beta of 1.11. The company has a current ratio of 1.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.32. J.B. Hunt Transport Services, Inc. has a 12 month low of $160.07 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 18th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.27). The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.29 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.40%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the firm posted $1.92 earnings per share. On average, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.57 EPS for the current fiscal year.

Insider Activity at J.B. Hunt Transport Services

In related news, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian Webb sold 900 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $208.54, for a total transaction of $187,686.00. Following the completion of the transaction, the executive vice president now owns 15,032 shares of the company’s stock, valued at $3,134,773.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,432 shares of company stock valued at $4,309,687. 2.10% of the stock is owned by insiders.

Analyst Ratings Changes

JBHT has been the subject of a number of research reports. Barclays cut their target price on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday. Bank of America cut their target price on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a research note on Wednesday. TD Cowen dropped their price objective on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Benchmark reiterated a “buy” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.56.

About J.B. Hunt Transport Services

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.