J.B. Hunt Transport Services, Inc. $JBHT Position Increased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 34.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 482 shares of the transportation company’s stock after acquiring an additional 123 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in J.B. Hunt Transport Services were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of JBHT. JPMorgan Chase & Co. raised its holdings in shares of J.B. Hunt Transport Services by 14.6% during the first quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company’s stock worth $718,015,000 after acquiring an additional 616,986 shares in the last quarter. Worldquant Millennium Advisors LLC raised its holdings in shares of J.B. Hunt Transport Services by 2,408.1% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 213,888 shares of the transportation company’s stock worth $36,502,000 after acquiring an additional 205,360 shares in the last quarter. Nuveen LLC purchased a new stake in shares of J.B. Hunt Transport Services during the first quarter worth $29,497,000. Vanguard Group Inc. raised its holdings in shares of J.B. Hunt Transport Services by 2.0% during the first quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company’s stock worth $1,486,670,000 after acquiring an additional 195,873 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in J.B. Hunt Transport Services by 194.0% during the fourth quarter. Point72 Asset Management L.P. now owns 258,467 shares of the transportation company’s stock valued at $44,110,000 after buying an additional 170,561 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 1.1%

JBHT stock opened at $143.73 on Friday. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a market cap of $13.91 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 2.21 and a beta of 1.28. The business’s 50-day simple moving average is $146.69 and its 200 day simple moving average is $144.37. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the business earned $1.32 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. On average, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 32.00%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee acquired 1,148 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were bought at an average cost of $140.76 per share, with a total value of $161,592.48. Following the completion of the acquisition, the executive vice president owned 7,397 shares of the company’s stock, valued at $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Keefauver sold 989 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the completion of the transaction, the executive vice president owned 946 shares of the company’s stock, valued at $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JBHT shares. Raymond James Financial raised their target price on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Citigroup restated a “buy” rating and set a $170.00 target price (down from $175.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Bank of America raised their target price on J.B. Hunt Transport Services from $166.00 to $171.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Truist Financial raised their target price on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group set a $164.00 target price on J.B. Hunt Transport Services in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.00.

J.B. Hunt Transport Services Company Profile

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.