Generali Asset Management SPA SGR Has $1.52 Million Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Generali Asset Management SPA SGR reduced its stake in J.B. Hunt Transport Services by 21.4%, holding $1.52 million worth of shares after selling 2,890 shares in the second quarter.
• Several institutional investors, including Summit Securities and Allworth Financial, significantly increased their holdings in J.B. Hunt Transport Services during the first quarter, contributing to institutional ownership of 74.95%.
• J.B. Hunt's stock last reported earnings of $1.76 per share, exceeding estimates, despite a slight year-over-year revenue decline, and analysts maintain an average rating of "Moderate Buy" with a consensus target price of $165.55.

Generali Asset Management SPA SGR cut its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 21.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,591 shares of the transportation company's stock after selling 2,890 shares during the period. Generali Asset Management SPA SGR's holdings in J.B. Hunt Transport Services were worth $1,521,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Securities Group LLC lifted its position in J.B. Hunt Transport Services by 19,600.0% during the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock worth $29,000 after purchasing an additional 196 shares during the period. Allworth Financial LP lifted its position in J.B. Hunt Transport Services by 167.0% during the first quarter. Allworth Financial LP now owns 235 shares of the transportation company's stock worth $35,000 after purchasing an additional 147 shares during the period. National Pension Service lifted its position in J.B. Hunt Transport Services by 74.9% during the first quarter. National Pension Service now owns 306 shares of the transportation company's stock worth $45,000 after purchasing an additional 131 shares during the period. Farther Finance Advisors LLC lifted its position in J.B. Hunt Transport Services by 38.6% during the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company's stock worth $45,000 after purchasing an additional 88 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in J.B. Hunt Transport Services by 49.3% during the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after purchasing an additional 109 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JBHT. Stephens reaffirmed an "overweight" rating and set a $180.00 price objective on shares of J.B. Hunt Transport Services in a research report on Thursday. Baird R W raised shares of J.B. Hunt Transport Services to a "strong-buy" rating in a report on Tuesday, July 1st. Susquehanna dropped their target price on shares of J.B. Hunt Transport Services from $157.00 to $145.00 and set a "neutral" rating for the company in a report on Wednesday, September 24th. Truist Financial increased their target price on shares of J.B. Hunt Transport Services from $145.00 to $155.00 and gave the stock a "hold" rating in a report on Thursday. Finally, Morgan Stanley increased their target price on shares of J.B. Hunt Transport Services from $145.00 to $150.00 and gave the stock an "equal weight" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $165.55.

Insider Buying and Selling

In other news, EVP Eric Mcgee bought 1,148 shares of the firm's stock in a transaction on Monday, August 4th. The stock was acquired at an average price of $140.76 per share, with a total value of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares of the company's stock, valued at $1,041,201.72. This trade represents a 18.37% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Keefauver sold 989 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $151.97, for a total transaction of $150,298.33. Following the sale, the executive vice president directly owned 946 shares of the company's stock, valued at $143,763.62. This represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock opened at $164.85 on Friday. The business has a 50 day moving average of $141.14 and a 200-day moving average of $141.14. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $15.96 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.68 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.30. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The firm's revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.49 earnings per share. On average, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio is currently 32.00%.

J.B. Hunt Transport Services Company 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.

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