UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Boosts Holdings in J.B. Hunt Transport Services, Inc. $JBHT

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 624,531 shares of the transportation company’s stock after acquiring an additional 6,929 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.63% of J.B. Hunt Transport Services worth $92,399,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in JBHT. Exchange Traded Concepts LLC raised its position in shares of J.B. Hunt Transport Services by 13.2% in the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock valued at $108,000 after buying an additional 85 shares during the last quarter. Man Group plc raised its position in shares of J.B. Hunt Transport Services by 0.9% in the fourth quarter. Man Group plc now owns 11,165 shares of the transportation company’s stock valued at $1,905,000 after buying an additional 98 shares during the last quarter. Trust Investment Advisors increased its position in J.B. Hunt Transport Services by 2.3% during the first quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company’s stock worth $695,000 after purchasing an additional 104 shares during the last quarter. TD Private Client Wealth LLC increased its position in J.B. Hunt Transport Services by 49.3% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock worth $49,000 after purchasing an additional 109 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in J.B. Hunt Transport Services by 22.4% during the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock worth $97,000 after purchasing an additional 120 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JBHT has been the subject of several recent analyst reports. The Goldman Sachs Group set a $164.00 price objective on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 8th. UBS Group cut shares of J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $155.00 to $157.00 in a research report on Friday, September 5th. Barclays increased their target price on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Morgan Stanley lowered their target price on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an “equal weight” rating for the company in a research note on Monday, July 7th. Finally, Susquehanna increased their target price on shares of J.B. Hunt Transport Services from $155.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $165.00.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee bought 1,148 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, August 4th. The shares were purchased at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the acquisition, the executive vice president directly owned 7,397 shares in the company, valued at $1,041,201.72. The trade was a 18.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Keefauver sold 989 shares of the firm’s 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 sale, the executive vice president directly owned 946 shares in the company, valued at approximately $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.

J.B. Hunt Transport Services Trading Down 2.5%

NASDAQ JBHT opened at $137.93 on Friday. The firm has a 50 day simple moving average of $145.66 and a 200-day simple moving average of $143.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The firm has a market cap of $13.35 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 2.18 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.03). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the previous year, the business posted $1.32 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal 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 issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 annualized dividend and a yield of 1.3%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 32.00%.

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.