Private Trust Co. NA Increases Stake in J.B. Hunt Transport Services, Inc. $JBHT

Private Trust Co. NA boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 57.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 202 shares of the transportation company’s stock after purchasing an additional 74 shares during the quarter. Private Trust Co. NA’s holdings in J.B. Hunt Transport Services were worth $29,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in J.B. Hunt Transport Services by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in J.B. Hunt Transport Services during the 1st quarter valued at about $1,746,000. Bessemer Group Inc. grew its position in J.B. Hunt Transport Services by 22.4% during the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 120 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of J.B. Hunt Transport Services by 8.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after purchasing an additional 494 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of J.B. Hunt Transport Services by 14.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 5,542 shares of the transportation company’s stock worth $820,000 after purchasing an additional 689 shares during the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

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

In other J.B. Hunt Transport Services news, EVP Eric Mcgee acquired 1,148 shares of the stock in a transaction dated Monday, August 4th. The shares were purchased at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the purchase, the executive vice president directly owned 7,397 shares of the company’s stock, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

JBHT has been the subject of several recent analyst reports. UBS Group boosted their price target on J.B. Hunt Transport Services from $157.00 to $174.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Susquehanna raised their price target on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a “neutral” rating in a report on Tuesday. TD Cowen raised their price target on shares of J.B. Hunt Transport Services from $140.00 to $152.00 and gave the company a “hold” rating in a report on Thursday, October 16th. Barclays raised their price target on shares of J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an “equal weight” rating in a report on Thursday, October 16th. Finally, Wells Fargo & Company raised their price target on shares of J.B. Hunt Transport Services from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $166.30.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $165.11 on Friday. The firm’s 50 day moving average price is $143.55 and its 200-day moving average price is $142.17. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $15.98 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the business earned $1.49 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services announced that its board has approved a share repurchase program on Wednesday, October 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio is 30.50%.

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.