19,810 Shares in J.B. Hunt Transport Services, Inc. $JBHT Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,810 shares of the transportation company’s stock, valued at approximately $5,734,000.

Other large investors also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC purchased a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth about $539,000. Bank of America Corp DE raised its position in J.B. Hunt Transport Services by 2.4% in the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock worth $96,332,000 after purchasing an additional 10,664 shares during the period. HighTower Advisors LLC lifted its stake in J.B. Hunt Transport Services by 71.7% in the fourth quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock worth $1,882,000 after purchasing an additional 4,043 shares during the last quarter. BlackRock Inc. bought a new stake in J.B. Hunt Transport Services in the second quarter worth about $1,833,602,000. Finally, Greenwood Gearhart Inc. boosted its position in shares of J.B. Hunt Transport Services by 4.3% during the fourth quarter. Greenwood Gearhart Inc. now owns 201,839 shares of the transportation company’s stock valued at $39,225,000 after buying an additional 8,270 shares during the period. 74.95% of the stock is owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The stock was sold at an average price of $284.01, for a total value of $426,015.00. Following the transaction, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction on Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares in the company, valued at $225,252.70. This represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $275.45 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 1-year low of $130.12 and a 1-year high of $299.76. The company has a 50-day moving average of $278.58 and a 200 day moving average of $251.41. The firm has a market cap of $25.87 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter last year, the firm posted $1.31 EPS. The company’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS 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 21st. Investors of record on Friday, August 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 25.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on JBHT shares. JPMorgan Chase & Co. upped their target price on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Truist Financial boosted their price objective on J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a report on Thursday, July 16th. Wells Fargo & Company upped their price objective on J.B. Hunt Transport Services from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Stifel Nicolaus increased their target price on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $286.30.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.