United Services Automobile Association Invests $293,000 in J.B. Hunt Transport Services, Inc. $JBHT

Key Points

• United Services Automobile Association acquired 2,007 shares of J.B. Hunt Transport Services valued at approximately $293,000 during the first quarter, as revealed in a recent SEC filing.
• Institutional investors and hedge funds collectively own 74.95% of J.B. Hunt's stock, with major increases in shareholding from firms like Vanguard Group Inc. and JPMorgan Chase & Co..
• J.B. Hunt announced a quarterly dividend of $0.44 per share, representing an annualized yield of 1.3%, with a current dividend payout ratio of 32.00%.

United Services Automobile Association acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,007 shares of the transportation company's stock, valued at approximately $293,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. raised its holdings in J.B. Hunt Transport Services by 958.7% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,828 shares of the transportation company's stock worth $2,342,000 after purchasing an additional 14,333 shares in the last quarter. Caxton Associates LLP bought a new stake in J.B. Hunt Transport Services during the first quarter worth approximately $1,159,000. Goldman Sachs Group Inc. increased its holdings in shares of J.B. Hunt Transport Services by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company's stock valued at $64,160,000 after buying an additional 13,729 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of J.B. Hunt Transport Services by 4.6% in the first quarter. UniSuper Management Pty Ltd now owns 12,712 shares of the transportation company's stock valued at $1,881,000 after buying an additional 561 shares in the last quarter. Finally, Scientech Research LLC increased its holdings in shares of J.B. Hunt Transport Services by 333.1% in the first quarter. Scientech Research LLC now owns 10,402 shares of the transportation company's stock valued at $1,539,000 after buying an additional 8,000 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on JBHT. Citigroup reaffirmed a "buy" rating and issued a $170.00 price target (down previously from $175.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Morgan Stanley cut their target price on shares of J.B. Hunt Transport Services from $160.00 to $155.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. Baird R W raised shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research report on Tuesday, July 1st. Truist Financial boosted their target price on shares of J.B. Hunt Transport Services from $140.00 to $145.00 and gave the stock a "hold" rating in a research report on Wednesday, July 16th. Finally, UBS Group lowered shares of J.B. Hunt Transport Services from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $155.00 to $157.00 in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.14.

J.B. Hunt Transport Services Stock Up 0.8%

Shares of J.B. Hunt Transport Services stock traded up $1.11 during trading on Thursday, reaching $135.63. The stock had a trading volume of 348,429 shares, compared to its average volume of 1,119,362. 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 market capitalization of $13.13 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 2.15 and a beta of 1.28. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $144.73 and a two-hundred day moving average price of $143.16.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.03). The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. J.B. Hunt Transport Services's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. Sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 32.00%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Eric Mcgee bought 1,148 shares of J.B. Hunt Transport Services stock in a transaction on Monday, August 4th. The shares were purchased at an average price of $140.76 per share, with a total value of $161,592.48. Following the acquisition, the executive vice president owned 7,397 shares in the company, 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 through the SEC website. Also, EVP David Keefauver sold 989 shares of the firm's stock in a transaction on Wednesday, July 23rd. The shares were 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 approximately $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.30% of the company's stock.

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.