J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,856 shares of the transportation company’s stock after acquiring an additional 157 shares during the period. Gateway Investment Advisers LLC’s holdings in J.B. Hunt Transport Services were worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of J.B. Hunt Transport Services by 602.4% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 583 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 500 shares during the period. CWM LLC increased its position in shares of J.B. Hunt Transport Services by 119.5% in the 3rd quarter. CWM LLC now owns 7,858 shares of the transportation company’s stock valued at $1,354,000 after acquiring an additional 4,278 shares during the period. GAMMA Investing LLC increased its position in shares of J.B. Hunt Transport Services by 40.1% in the 3rd quarter. GAMMA Investing LLC now owns 831 shares of the transportation company’s stock valued at $143,000 after acquiring an additional 238 shares during the period. Czech National Bank increased its position in shares of J.B. Hunt Transport Services by 5.6% in the 3rd quarter. Czech National Bank now owns 16,412 shares of the transportation company’s stock valued at $2,828,000 after acquiring an additional 877 shares during the period. Finally, Handelsbanken Fonder AB increased its position in shares of J.B. Hunt Transport Services by 10.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 61,978 shares of the transportation company’s stock valued at $10,681,000 after acquiring an additional 5,836 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Up 2.9 %

JBHT opened at $170.72 on Monday. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $169.43 and a 200 day moving average price of $168.04. The company has a market cap of $17.62 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.81 EPS. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 5.6 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.72 dividend on an annualized basis and a yield of 1.01%. J.B. Hunt Transport Services’s payout ratio is 27.30%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JBHT shares. TD Cowen cut their target price on J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. Citigroup began coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, October 9th. They issued a “buy” rating and a $201.00 price target on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Tuesday, September 24th. Stifel Nicolaus lowered their price target on shares of J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a report on Tuesday, July 23rd. Finally, Morgan Stanley lowered their price target on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $183.50.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Persio V. Lisboa purchased 600 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were purchased at an average price of $163.47 per share, with a total value of $98,082.00. Following the acquisition, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.10% of the stock is owned by insiders.

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.