J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in J.B. Hunt Transport Services, Inc. by 5.7%, now owning 404,714 shares valued at approximately $59.9 million.
• In recent analyst reports, Wells Fargo raised its target price for J.B. Hunt shares from $150 to $163, while other analysts have primarily recommended a buy rating, contributing to a consensus rating of "Moderate Buy".
• J.B. Hunt recently announced a quarterly dividend of $0.44 per share, with an annualized yield of 1.3%, reflecting a 32.00% payout ratio.

Deutsche Bank AG grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 404,714 shares of the transportation company's stock after buying an additional 21,707 shares during the quarter. Deutsche Bank AG owned 0.41% of J.B. Hunt Transport Services worth $59,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC grew its stake in shares of J.B. Hunt Transport Services by 13.2% in the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company's stock valued at $108,000 after buying an additional 85 shares in the last quarter. Wahed Invest LLC grew its stake in shares of J.B. Hunt Transport Services by 4.6% in the fourth quarter. Wahed Invest LLC now owns 2,080 shares of the transportation company's stock valued at $355,000 after buying an additional 91 shares in the last quarter. Man Group plc grew its stake in shares of J.B. Hunt Transport Services by 0.9% in the fourth quarter. Man Group plc now owns 11,165 shares of the transportation company's stock valued at $1,905,000 after buying an additional 98 shares in the last quarter. Trust Investment Advisors grew its stake in shares of J.B. Hunt Transport Services by 2.3% in the first quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company's stock valued at $695,000 after buying an additional 104 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in J.B. Hunt Transport Services by 49.3% in the first quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock valued at $49,000 after purchasing an additional 109 shares during the period. 74.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of recent research reports. Morgan Stanley decreased their target price on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Baird R W upgraded J.B. Hunt Transport Services to a "strong-buy" rating in a report on Tuesday, July 1st. Wells Fargo & Company reiterated an "overweight" rating and issued a $163.00 target price (up from $150.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. UBS Group reiterated a "buy" rating on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Finally, Sanford C. Bernstein set a $148.00 target price on J.B. Hunt Transport Services and gave the company a "market perform" rating in a report on Wednesday, April 16th. Ten research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and an average target price of $164.90.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee purchased 1,148 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of $140.76 per share, with a total value of $161,592.48. Following the purchase, the executive vice president directly owned 7,397 shares of the company's stock, valued at $1,041,201.72. The trade was a 18.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Keefauver sold 989 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $151.97, for a total value of $150,298.33. Following the sale, the executive vice president directly owned 946 shares in the company, valued at $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.

J.B. Hunt Transport Services Stock Down 1.2%

JBHT opened at $137.78 on Tuesday. The business's 50-day simple moving average is $145.44 and its 200-day simple moving average is $147.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The stock has a market capitalization of $13.34 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued 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 company had revenue of $2.93 billion during 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 EPS. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be given a dividend of $0.44 per share. The ex-dividend date is Friday, August 8th. This represents a $1.76 annualized dividend and a yield of 1.3%. 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.

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