Generali Asset Management SPA SGR bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) in the fourth quarter, HoldingsChannel reports. The fund bought 15,701 shares of the transportation company’s stock, valued at approximately $2,680,000.
Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in shares of J.B. Hunt Transport Services by 0.7% during the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company’s stock worth $581,567,000 after acquiring an additional 22,563 shares in the last quarter. State Street Corp increased its position in J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company’s stock worth $566,944,000 after purchasing an additional 19,826 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of J.B. Hunt Transport Services by 111.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company’s stock worth $163,237,000 after purchasing an additional 503,324 shares in the last quarter. Parnassus Investments LLC lifted its holdings in shares of J.B. Hunt Transport Services by 4.9% during the 4th quarter. Parnassus Investments LLC now owns 790,038 shares of the transportation company’s stock valued at $134,828,000 after buying an additional 37,033 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of J.B. Hunt Transport Services by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company’s stock valued at $110,524,000 after buying an additional 8,997 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.
Insiders Place Their Bets
In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. This represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.
J.B. Hunt Transport Services Trading Down 0.1 %
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.47 EPS. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.
J.B. Hunt Transport Services Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.20%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s payout ratio is currently 31.65%.
Analyst Upgrades and Downgrades
JBHT has been the topic of several recent research reports. Benchmark reaffirmed a “buy” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. UBS Group cut their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Raymond James cut their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research report on Friday, March 7th. They set a “hold” rating and a $167.00 price objective on the stock. Finally, Susquehanna raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 price objective on the stock in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus target price of $186.80.
View Our Latest Research Report on JBHT
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.
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