Northern Trust Corp Has $118.51 Million Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• Northern Trust Corp increased its position in J.B. Hunt Transport Services by 0.6%, owning approximately 0.81% of the company, worth around $118.5 million.
• Research analysts set price targets for J.B. Hunt Transport Services, with Goldman Sachs at $164.00 and Morgan Stanley at $155.00, reflecting mixed ratings among analysts.
• J.B. Hunt declared a quarterly dividend of $0.44 per share, maintaining a dividend yield of 1.2% and a payout ratio of 32%.

Northern Trust Corp boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 0.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 800,997 shares of the transportation company's stock after purchasing an additional 5,142 shares during the quarter. Northern Trust Corp owned about 0.81% of J.B. Hunt Transport Services worth $118,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBHT. First Trust Advisors LP raised its holdings 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 purchasing an additional 742 shares during the last quarter. MetLife Investment Management LLC raised its holdings 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 purchasing an additional 133 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new stake in J.B. Hunt Transport Services during the 4th quarter worth about $288,000. Coldstream Capital Management Inc. raised its holdings 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. Finally, Boothbay Fund Management LLC raised its holdings in J.B. Hunt Transport Services by 31.7% during the 4th quarter. Boothbay Fund Management LLC now owns 15,345 shares of the transportation company's stock worth $2,619,000 after purchasing an additional 3,691 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on JBHT shares. UBS Group reaffirmed a "buy" rating on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. Raymond James Financial upped their price target on 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. Barclays upped their price target on J.B. Hunt Transport Services from $135.00 to $145.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Robert W. Baird started coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $169.00 price target for the company. Finally, Morgan Stanley lowered their price target on J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and an average price target of $164.90.

J.B. Hunt Transport Services Stock Up 1.0%

NASDAQ:JBHT traded up $1.47 during trading hours on Wednesday, reaching $145.79. 1,211,660 shares of the stock were exchanged, compared to its average volume of 1,131,670. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50 day moving average of $146.22 and a 200 day moving average of $145.69. The stock has a market cap of $14.11 billion, a PE ratio of 26.51, a PEG ratio of 2.20 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.03). J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period last year, the company earned $1.32 EPS. The company's revenue was up .0% compared to the same quarter last year. On average, equities analysts expect 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 declared 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. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. J.B. Hunt Transport Services's dividend payout ratio is 32.00%.

Insider Buying and Selling

In other news, EVP Eric Mcgee purchased 1,148 shares of J.B. Hunt Transport Services stock in a transaction on Monday, August 4th. The stock was purchased at an average price of $140.76 per share, with a total value of $161,592.48. Following the transaction, the executive vice president directly owned 7,397 shares in the company, valued at $1,041,201.72. The trade was a 18.37% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP David Keefauver sold 989 shares of the company'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 transaction, 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. Corporate insiders own 2.30% of the company's stock.

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.