Deutsche Bank AG purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 369,244 shares of the transportation company's stock, valued at approximately $106,870,000. Deutsche Bank AG owned about 0.39% of J.B. Hunt Transport Services as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. CYBER HORNET ETFs LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter worth about $31,000. International Assets Investment Management LLC purchased a new position in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $32,000. MUFG Securities EMEA plc purchased a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at approximately $34,000. CIBC Private Wealth Group LLC raised its position in shares of J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company's stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. Finally, Activest Wealth Management boosted its stake in J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company's stock worth $39,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company's stock.
Insider Transactions at J.B. Hunt Transport Services
In other J.B. Hunt Transport Services news, EVP Brian Webb sold 1,500 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $284.01, for a total transaction of $426,015.00. Following the transaction, the executive vice president owned 15,881 shares in the company, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Keefauver sold 703 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 790 shares in the company, valued at approximately $225,252.70. The trade was a 47.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.50% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on JBHT. Susquehanna set a $345.00 target price on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. Evercore reaffirmed an "outperform" rating and issued a $248.00 price target on shares of J.B. Hunt Transport Services in a report on Monday, May 11th. Morgan Stanley reiterated an "underweight" rating and set a $200.00 price objective (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. Raymond James Financial boosted their price objective on shares of J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, July 16th. Finally, Stifel Nicolaus upped their target price on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a "hold" rating in a research report on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $286.30.
Read Our Latest Research Report on J.B. Hunt Transport Services
J.B. Hunt Transport Services Stock Down 0.6%
JBHT stock opened at $272.42 on Thursday. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The firm's fifty day moving average is $279.15 and its 200 day moving average is $250.45. The firm has a market cap of $25.59 billion, a PE ratio of 38.59, a P/E/G ratio of 1.72 and a beta of 1.30.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The company's revenue was up 19.4% compared to the same quarter last year. On average, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, August 7th. J.B. Hunt Transport Services's payout ratio is currently 25.50%.
About J.B. Hunt Transport Services
(
Free Report)
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.
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