Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in J.B. Hunt Transport Services, Inc. (JBHT)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 17,132 shares of the transportation company’s stock after purchasing an additional 505 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in J.B. Hunt Transport Services were worth $1,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in shares of J.B. Hunt Transport Services by 8.8% during the third quarter. Bank of New York Mellon Corp now owns 2,888,361 shares of the transportation company’s stock worth $320,840,000 after buying an additional 233,071 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of J.B. Hunt Transport Services by 0.7% during the third quarter. Bessemer Group Inc. now owns 2,102,300 shares of the transportation company’s stock worth $233,523,000 after buying an additional 15,199 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in shares of J.B. Hunt Transport Services by 27.6% during the third quarter. Westfield Capital Management Co. LP now owns 841,450 shares of the transportation company’s stock worth $93,468,000 after buying an additional 182,207 shares during the last quarter. Congress Asset Management Co. MA raised its stake in shares of J.B. Hunt Transport Services by 2.8% during the fourth quarter. Congress Asset Management Co. MA now owns 790,953 shares of the transportation company’s stock worth $90,944,000 after buying an additional 21,502 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of J.B. Hunt Transport Services by 14.2% during the third quarter. Jennison Associates LLC now owns 736,346 shares of the transportation company’s stock worth $81,793,000 after buying an additional 91,538 shares during the last quarter. 70.40% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $110.33, for a total transaction of $110,330.00. Following the completion of the transaction, the executive vice president now owns 16,690 shares in the company, valued at $1,841,407.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Kuhlow sold 500 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $112.55, for a total transaction of $56,275.00. Following the transaction, the senior vice president now owns 3,499 shares of the company’s stock, valued at approximately $393,812.45. The disclosure for this sale can be found here. Insiders have sold 22,844 shares of company stock valued at $2,851,467 in the last three months. 4.30% of the stock is owned by insiders.

A number of equities research analysts recently weighed in on the stock. UBS Group raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $115.00 to $126.00 in a research note on Monday, October 23rd. Credit Suisse Group upped their target price on shares of J.B. Hunt Transport Services from $129.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Cowen reaffirmed a “hold” rating and issued a $127.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 19th. BidaskClub raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Investment Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $138.00 target price for the company in a research note on Tuesday, January 23rd. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. J.B. Hunt Transport Services currently has a consensus rating of “Buy” and an average target price of $118.89.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at $115.88 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.59. J.B. Hunt Transport Services, Inc. has a 12-month low of $83.35 and a 12-month high of $126.49. The stock has a market cap of $12,633.67, a price-to-earnings ratio of 30.70, a PEG ratio of 1.72 and a beta of 0.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Thursday, January 18th. The transportation company reported $3.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $2.45. J.B. Hunt Transport Services had a net margin of 9.55% and a return on equity of 27.32%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The firm’s revenue was up 15.6% compared to the same quarter last year. research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.27 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be given a dividend of $0.24 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, February 8th. This represents a $0.96 annualized dividend and a dividend yield of 0.83%. J.B. Hunt Transport Services’s dividend payout ratio is currently 15.51%.

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About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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