J.B. Hunt Transport Services, Inc. $JBHT Stock Holdings Increased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in J.B. Hunt Transport Services by 21.8%, holding a total of 168,524 shares valued at approximately $24.93 million as of the latest SEC filing.
• Institutional investors collectively own 74.95% of J.B. Hunt's stock, indicating strong confidence in the company from major financial entities.
• Several financial analysts have raised target prices for J.B. Hunt, with an average target of $164.90, reflecting a positive outlook for the company's future performance.

American Century Companies Inc. increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 21.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 168,524 shares of the transportation company's stock after purchasing an additional 30,151 shares during the period. American Century Companies Inc. owned approximately 0.17% of J.B. Hunt Transport Services worth $24,933,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in J.B. Hunt Transport Services during the 4th quarter worth approximately $6,030,000. First Trust Advisors LP raised its stake in J.B. Hunt Transport Services by 0.4% during the 4th quarter. First Trust Advisors LP now owns 169,633 shares of the transportation company's stock worth $28,949,000 after acquiring an additional 742 shares in the last quarter. MetLife Investment Management LLC raised its stake in J.B. Hunt Transport Services by 0.6% during the 4th quarter. MetLife Investment Management LLC now owns 21,105 shares of the transportation company's stock worth $3,602,000 after acquiring an additional 133 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in J.B. Hunt Transport Services during the 4th quarter worth $288,000. Finally, Coldstream Capital Management Inc. grew its position in J.B. Hunt Transport Services by 31.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,692 shares of the transportation company's stock worth $289,000 after purchasing an additional 405 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

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 J.B. Hunt Transport Services stock in a transaction dated Monday, August 4th. The stock was bought at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Keefauver sold 989 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the transaction, the executive vice president owned 946 shares of the company's stock, valued at approximately $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

JBHT has been the subject of several analyst reports. Citigroup reissued a "buy" rating and set a $170.00 price target (down from $175.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Truist Financial raised their target price on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. Morgan Stanley cut their price objective on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Stifel Nicolaus lowered their price target on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating for the company in a report on Wednesday, July 16th. Finally, Bank of America lifted their price target on shares of J.B. Hunt Transport Services from $166.00 to $171.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.90.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded down $7.39 on Monday, reaching $142.75. 2,156,038 shares of the company's stock were exchanged, compared to its average volume of 978,482. The firm has a market capitalization of $13.82 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 2.31 and a beta of 1.29. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $122.79 and a fifty-two week high of $200.40. The business's 50-day moving average is $146.12 and its two-hundred day moving average is $145.70. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03). The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business's revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $1.32 EPS. As a group, 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 annualized dividend and a yield of 1.2%. J.B. Hunt Transport Services's payout ratio is presently 32.00%.

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.