J.B. Hunt Transport Services, Inc. $JBHT Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in J.B. Hunt Transport Services, acquiring an additional 144,666 shares, bringing their total to 1,408,057 shares, valued at approximately $208.32 million.
• J.B. Hunt reported an EPS of $1.31 for the last quarter, missing analyst estimates, although revenue met expectations at $2.93 billion, showing a slight year-over-year increase.
• The company recently announced a quarterly dividend of $0.44, set to be paid to stockholders on August 22nd, reflecting an annualized dividend yield of 1.2%.

Wellington Management Group LLP raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 11.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,408,057 shares of the transportation company's stock after purchasing an additional 144,666 shares during the period. Wellington Management Group LLP owned 1.42% of J.B. Hunt Transport Services worth $208,322,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Northern Trust Corp lifted its stake in J.B. Hunt Transport Services by 0.6% in the 1st quarter. Northern Trust Corp now owns 800,997 shares of the transportation company's stock valued at $118,508,000 after buying an additional 5,142 shares in the last quarter. Summit Securities Group LLC raised its holdings in shares of J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company's stock worth $29,000 after acquiring an additional 196 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its position in shares of J.B. Hunt Transport Services by 42.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 4,329 shares of the transportation company's stock valued at $640,000 after acquiring an additional 1,281 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of J.B. Hunt Transport Services by 21.8% during the first quarter. American Century Companies Inc. now owns 168,524 shares of the transportation company's stock valued at $24,933,000 after acquiring an additional 30,151 shares during the last quarter. Finally, Aberdeen Group plc increased its position in J.B. Hunt Transport Services by 74.3% during the 1st quarter. Aberdeen Group plc now owns 58,392 shares of the transportation company's stock worth $8,575,000 after purchasing an additional 24,882 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $142.53 on Thursday. The company has a market cap of $13.80 billion, a P/E ratio of 25.91, a P/E/G ratio of 2.27 and a beta of 1.29. The firm's 50 day moving average is $145.86 and its two-hundred day moving average is $146.49. 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 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 released its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 14.26% and a net margin of 4.59%.The company's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.32 earnings per share. Analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 32.00%.

Insider Activity

In other news, EVP Eric Mcgee bought 1,148 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Keefauver sold 989 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was 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 approximately $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on JBHT shares. Baird R W upgraded shares of J.B. Hunt Transport Services to a "strong-buy" rating in a report on Tuesday, July 1st. Raymond James Financial upped their price objective on shares of J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. UBS Group reaffirmed a "buy" rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Susquehanna boosted their price target on J.B. Hunt Transport Services from $155.00 to $157.00 and gave the company a "neutral" rating in a report on Wednesday, July 16th. Finally, Barclays raised their price objective on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.90.

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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