Deutsche Bank AG Buys 31,384 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Deutsche Bank AG lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 383,007 shares of the transportation company's stock after buying an additional 31,384 shares during the period. Deutsche Bank AG owned about 0.38% of J.B. Hunt Transport Services worth $65,364,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in J.B. Hunt Transport Services by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company's stock valued at $878,000 after acquiring an additional 61 shares in the last quarter. Signaturefd LLC increased its position in shares of J.B. Hunt Transport Services by 8.0% during the fourth quarter. Signaturefd LLC now owns 820 shares of the transportation company's stock valued at $140,000 after purchasing an additional 61 shares during the period. Blue Trust Inc. raised its stake in shares of J.B. Hunt Transport Services by 18.6% in the fourth quarter. Blue Trust Inc. now owns 535 shares of the transportation company's stock valued at $92,000 after purchasing an additional 84 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in J.B. Hunt Transport Services by 33.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares during the period. Finally, Wahed Invest LLC boosted its stake in J.B. Hunt Transport Services by 4.6% during the fourth quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock worth $355,000 after buying an additional 91 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs purchased 1,529 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was bought at an average price of $130.75 per share, with a total value of $199,916.75. Following the acquisition, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at approximately $12,008,995.25. This represents a 1.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. This 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 corporate insiders.

Analyst Ratings Changes

JBHT has been the subject of a number of recent research reports. Susquehanna set a $140.00 price objective on shares of J.B. Hunt Transport Services and gave the company a "neutral" rating in a research note on Wednesday, April 16th. Stifel Nicolaus set a $150.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft initiated coverage on J.B. Hunt Transport Services in a research note on Friday, March 7th. They issued a "hold" rating and a $167.00 price objective on the stock. The Goldman Sachs Group cut their target price on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, TD Cowen lowered their price target on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average target price of $162.20.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $148.72 on Tuesday. 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 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company has a market cap of $14.75 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33. The business's fifty day moving average is $140.50 and its 200-day moving average is $163.65.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be paid a $0.44 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.18%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.94%.

About J.B. Hunt Transport Services

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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