J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by UMB Bank n.a.

UMB Bank n.a. lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 37.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,405 shares of the transportation company’s stock after purchasing an additional 2,032 shares during the period. UMB Bank n.a.’s holdings in J.B. Hunt Transport Services were worth $1,185,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in JBHT. New York Life Investment Management LLC grew its holdings in J.B. Hunt Transport Services by 0.5% during the 4th quarter. New York Life Investment Management LLC now owns 12,711 shares of the transportation company’s stock worth $2,539,000 after acquiring an additional 65 shares in the last quarter. Czech National Bank grew its holdings in J.B. Hunt Transport Services by 0.5% during the 1st quarter. Czech National Bank now owns 14,347 shares of the transportation company’s stock worth $2,859,000 after acquiring an additional 75 shares in the last quarter. Fifth Third Bancorp grew its holdings in J.B. Hunt Transport Services by 2.2% during the 1st quarter. Fifth Third Bancorp now owns 3,618 shares of the transportation company’s stock worth $721,000 after acquiring an additional 78 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in J.B. Hunt Transport Services by 3.7% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,310 shares of the transportation company’s stock worth $460,000 after acquiring an additional 83 shares in the last quarter. Finally, Kentucky Retirement Systems grew its holdings in J.B. Hunt Transport Services by 1.5% during the 4th quarter. Kentucky Retirement Systems now owns 6,520 shares of the transportation company’s stock worth $1,302,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on JBHT. Morgan Stanley lowered their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Loop Capital lowered their price target on shares of J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating for the company in a report on Thursday, July 18th. Susquehanna reduced their price objective on shares of J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, July 17th. Benchmark reduced their price objective on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $181.88.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were purchased at an average cost of $163.47 per share, with a total value of $98,082.00. Following the purchase, the director now owns 3,594 shares in the company, valued at $587,511.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was acquired at an average cost of $163.47 per share, for a total transaction of $98,082.00. Following the completion of the purchase, the director now owns 3,594 shares in the company, valued at approximately $587,511.18. The disclosure for this purchase can be found here. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Up 0.5 %

JBHT stock opened at $173.20 on Friday. The company has a fifty day moving average price of $165.75 and a 200 day moving average price of $175.40. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The company has a market cap of $17.87 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 2.82 and a beta of 1.14. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.19). The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.81 EPS. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 5.73 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a yield of 0.99%. J.B. Hunt Transport Services’s payout ratio is currently 27.30%.

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.