Nuveen LLC Takes Position in J.B. Hunt Transport Services, Inc. $JBHT

Nuveen LLC purchased a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 199,370 shares of the transportation company's stock, valued at approximately $29,497,000. Nuveen LLC owned about 0.20% of J.B. Hunt Transport Services at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of JBHT. 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 valued at $35,000 after purchasing an additional 147 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of J.B. Hunt Transport Services by 49.3% during the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company's stock worth $49,000 after acquiring an additional 109 shares during the last quarter. Bessemer Group Inc. grew its position in J.B. Hunt Transport Services by 22.4% in the first quarter. Bessemer Group Inc. now owns 656 shares of the transportation company's stock worth $97,000 after acquiring an additional 120 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in 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 acquiring an additional 85 shares during the last quarter. Finally, NBC Securities Inc. raised its position in J.B. Hunt Transport Services by 112,900.0% during the first quarter. NBC Securities Inc. now owns 1,130 shares of the transportation company's stock valued at $167,000 after purchasing an additional 1,129 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Trading Down 3.2%

JBHT traded down $4.70 during midday trading on Wednesday, reaching $142.53. 990,951 shares of the company's stock traded hands, compared to its average volume of 1,121,859. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week 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 fifty day moving average of $145.82 and a two-hundred day moving average of $146.52. The stock has a market capitalization of $13.80 billion, a price-to-earnings ratio of 25.91, a P/E/G ratio of 2.19 and a beta of 1.29.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its 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). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.93 billion. During the same period last year, the firm posted $1.32 earnings per share. J.B. Hunt Transport Services's quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

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

Insider Transactions at J.B. Hunt Transport Services

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

Analyst Ratings Changes

Several equities research analysts have issued reports on JBHT shares. Baird R W raised J.B. Hunt Transport Services to a "strong-buy" rating in a research note on Tuesday, July 1st. Raymond James Financial upped their target price on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group set a $164.00 price target on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 8th. UBS Group restated a "buy" rating on shares of J.B. Hunt Transport Services in a report on Tuesday, July 8th. Finally, Barclays lifted their target price on shares of J.B. Hunt Transport Services from $135.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.90.

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.