Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 165.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,118 shares of the transportation company's stock after acquiring an additional 71,175 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.12% of J.B. Hunt Transport Services worth $16,884,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in J.B. Hunt Transport Services by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company's stock valued at $1,529,000 after purchasing an additional 1,209 shares during the period. Teacher Retirement System of Texas acquired a new position in J.B. Hunt Transport Services in the first quarter valued at $1,746,000. Bessemer Group Inc. increased its stake 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 valued at $97,000 after purchasing an additional 120 shares during the period. SG Americas Securities LLC increased its stake in J.B. Hunt Transport Services by 179.8% in the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company's stock valued at $590,000 after purchasing an additional 2,564 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in J.B. Hunt Transport Services by 8.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company's stock valued at $976,000 after purchasing an additional 494 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other J.B. Hunt Transport Services news, EVP David Keefauver sold 989 shares of the company's stock in a transaction dated 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 owned 946 shares of the company's stock, valued at $143,763.62. This represents a 51.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of J.B. Hunt Transport Services from $159.00 to $180.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Raymond James Financial boosted their price target on shares of 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. Baird R W upgraded shares of J.B. Hunt Transport Services to a "strong-buy" rating in a research note on Tuesday, July 1st. Stifel Nicolaus dropped their price target on shares of J.B. Hunt Transport Services from $150.00 to $145.00 and set a "hold" rating on the stock in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $163.00 price target (up from $150.00) on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 16th. Ten equities 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. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.90.
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J.B. Hunt Transport Services Price Performance
JBHT traded down $4.49 on Friday, hitting $139.56. 1,173,846 shares of the company were exchanged, compared to its average volume of 1,130,467. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 0.87. The business's fifty day moving average is $145.14 and its 200 day moving average is $149.10. 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 firm has a market capitalization of $13.51 billion, a P/E ratio of 25.37, 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 earnings results on Tuesday, July 15th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company's quarterly revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.
J.B. Hunt Transport Services Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, August 8th. J.B. Hunt Transport Services's dividend payout ratio is 32.00%.
J.B. Hunt Transport Services Profile
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Free Report)
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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