APG Asset Management N.V. Makes New Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

APG Asset Management N.V. acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 46,000 shares of the transportation company’s stock, valued at approximately $7,581,000.

A number of other institutional investors have also made changes to their positions in the business. Morse Asset Management Inc bought a new stake in J.B. Hunt Transport Services during the 3rd quarter worth about $86,000. MML Investors Services LLC grew its stake in J.B. Hunt Transport Services by 4.4% in the third quarter. MML Investors Services LLC now owns 4,667 shares of the transportation company’s stock valued at $804,000 after purchasing an additional 195 shares in the last quarter. Barclays PLC increased its position in shares of J.B. Hunt Transport Services by 37.5% during the 3rd quarter. Barclays PLC now owns 236,177 shares of the transportation company’s stock worth $40,698,000 after purchasing an additional 64,380 shares during the last quarter. M&T Bank Corp raised its stake in shares of J.B. Hunt Transport Services by 7.8% during the 3rd quarter. M&T Bank Corp now owns 3,586 shares of the transportation company’s stock worth $618,000 after purchasing an additional 261 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter valued at approximately $223,000. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $132.88 on Friday. J.B. Hunt Transport Services, Inc. has a 12-month low of $127.05 and a 12-month high of $200.40. The company’s 50 day moving average price is $154.30 and its two-hundred day moving average price is $169.45. The firm has a market cap of $13.29 billion, a PE ratio of 23.90, a PEG ratio of 1.61 and a beta of 1.27. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The company had revenue of $3.15 billion for 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 quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 EPS. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.44 dividend. The ex-dividend date was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.32%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.65%.

Insider Buying and Selling

In other news, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the company’s stock in a transaction that occurred 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 directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on JBHT shares. Benchmark dropped their price target on shares of J.B. Hunt Transport Services from $195.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Citigroup reduced their price target on J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating for the company in a report on Tuesday. Evercore ISI dropped their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research note on Friday, January 17th. TD Cowen reduced their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Finally, Barclays dropped their price target on J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $177.70.

J.B. Hunt Transport Services 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.