B. Metzler seel. Sohn & Co. Holding AG Invests $295,000 in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,711 shares of the transportation company’s stock, valued at approximately $295,000.

A number of other large investors also recently bought and sold shares of JBHT. Empirical Finance LLC increased its position in shares of J.B. Hunt Transport Services by 2.0% in the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company’s stock valued at $492,000 after buying an additional 56 shares in the last quarter. Farther Finance Advisors LLC raised its position in J.B. Hunt Transport Services by 18.3% during the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock worth $67,000 after acquiring an additional 60 shares during the period. Huntington National Bank lifted its holdings in J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 61 shares in the last quarter. Greenleaf Trust grew its position in shares of J.B. Hunt Transport Services by 4.0% in the third quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock valued at $276,000 after purchasing an additional 62 shares during the period. Finally, Studio Investment Management LLC increased its stake in shares of J.B. Hunt Transport Services by 6.6% during the second quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock worth $162,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the topic of several research analyst reports. Stifel Nicolaus lifted their price objective on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. TD Cowen lifted their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Citigroup increased their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Barclays lifted their target price on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Bank of America increased their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.11.

Insider Activity

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,563,579.45. The trade was a 16.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the sale, the executive vice president now directly owns 4,050 shares in the company, valued at $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,314 shares of company stock valued at $1,008,962. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Trading Up 0.5 %

Shares of J.B. Hunt Transport Services stock opened at $182.40 on Monday. The stock has a 50 day moving average of $176.81 and a 200 day moving average of $168.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $18.39 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.89 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period in the prior year, the business posted $1.80 EPS. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.27%.

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.