Charles Schwab Investment Management Inc. Has $88.81 Million Position in J.B. Hunt Transport Services, Inc. $JBHT

Charles Schwab Investment Management Inc. grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 618,482 shares of the transportation company’s stock after acquiring an additional 21,970 shares during the period. Charles Schwab Investment Management Inc. owned about 0.64% of J.B. Hunt Transport Services worth $88,814,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in J.B. Hunt Transport Services by 14.6% in the 1st quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company’s stock valued at $718,015,000 after purchasing an additional 616,986 shares during the last quarter. Nuveen LLC bought a new stake in J.B. Hunt Transport Services in the first quarter valued at approximately $29,497,000. Vanguard Group Inc. lifted its position in shares of J.B. Hunt Transport Services by 2.0% in the first quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company’s stock valued at $1,486,670,000 after buying an additional 195,873 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of J.B. Hunt Transport Services by 11.5% in the first quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company’s stock valued at $208,322,000 after buying an additional 144,666 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of J.B. Hunt Transport Services by 118.4% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 162,500 shares of the transportation company’s stock worth $24,042,000 after acquiring an additional 88,100 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stephens restated an “overweight” rating and issued a $180.00 price target on shares of J.B. Hunt Transport Services in a research note on Thursday, October 16th. Robert W. Baird increased their price objective on shares of J.B. Hunt Transport Services from $164.00 to $173.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. raised their target price on shares of J.B. Hunt Transport Services from $170.00 to $176.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Stifel Nicolaus upped their price target on shares of J.B. Hunt Transport Services from $140.00 to $147.00 and gave the company a “hold” rating in a research note on Thursday, October 16th. Finally, Susquehanna increased their price target on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $166.30.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $173.95 on Friday. J.B. Hunt Transport Services, Inc. has a 12-month low of $122.79 and a 12-month high of $192.42. The company’s 50 day moving average price is $156.46 and its two-hundred day moving average price is $148.26. The firm has a market cap of $16.56 billion, a PE ratio of 30.15, a PEG ratio of 2.33 and a beta of 1.27. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $1.49 earnings per share. Equities research analysts predict 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 business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 7th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio is 30.50%.

J.B. Hunt Transport Services announced that its board has authorized a stock buyback program on Wednesday, October 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the transportation company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 6,500 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total value of $1,098,500.00. Following the transaction, the executive vice president owned 12,976 shares in the company, valued at approximately $2,192,944. This trade represents a 33.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company’s stock.

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.