Czech National Bank Has $2.75 Million Position in J.B. Hunt Transport Services, Inc. $JBHT

Czech National Bank raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,154 shares of the transportation company’s stock after acquiring an additional 909 shares during the period. Czech National Bank’s holdings in J.B. Hunt Transport Services were worth $2,751,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kera Capital Partners Inc. bought a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $470,000. Voya Investment Management LLC boosted its position in shares of J.B. Hunt Transport Services by 0.5% during the 1st quarter. Voya Investment Management LLC now owns 23,753 shares of the transportation company’s stock valued at $3,514,000 after purchasing an additional 125 shares in the last quarter. Strs Ohio bought a new position in J.B. Hunt Transport Services in the first quarter worth approximately $6,658,000. IFM Investors Pty Ltd boosted its holdings in J.B. Hunt Transport Services by 1.8% in the first quarter. IFM Investors Pty Ltd now owns 12,478 shares of the transportation company’s stock worth $1,846,000 after acquiring an additional 218 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of J.B. Hunt Transport Services by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 624,531 shares of the transportation company’s stock worth $92,399,000 after purchasing an additional 6,929 shares during the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee purchased 1,148 shares of the firm’s stock in a transaction on Monday, August 4th. The stock was bought at an average price of $140.76 per share, with a total value of $161,592.48. Following the transaction, the executive vice president directly owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. This represents a 18.37% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 989 shares of the firm’s stock in a transaction 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 owned 946 shares in the company, valued at $143,763.62. The trade was a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Trading Down 1.9%

NASDAQ:JBHT opened at $132.52 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The firm has a fifty day simple moving average of $143.92 and a 200-day simple moving average of $142.83. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $12.83 billion, a P/E ratio of 24.09, a PEG ratio of 2.11 and a beta of 1.28.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the prior year, the firm earned $1.32 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. J.B. Hunt Transport Services’s dividend payout ratio is 32.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on JBHT. UBS Group downgraded J.B. Hunt Transport Services from a “buy” rating to a “neutral” rating and increased their price target for the company from $155.00 to $157.00 in a research report on Friday, September 5th. Barclays raised their price target on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Baird R W upgraded J.B. Hunt Transport Services to a “strong-buy” rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. lifted their price objective on J.B. Hunt Transport Services from $159.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, The Goldman Sachs Group set a $164.00 price target on J.B. Hunt Transport Services in a report on Tuesday, July 8th. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.14.

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.