Commonwealth Bank of Australia lifted its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 27.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,500 shares of the transportation company’s stock after acquiring an additional 1,400 shares during the quarter. Commonwealth Bank of Australia’s holdings in J.B. Hunt Transport Services were worth $718,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of J.B. Hunt Transport Services by 1.9% during the second quarter. Vanguard Group Inc. now owns 9,568,454 shares of the transportation company’s stock worth $874,366,000 after acquiring an additional 174,616 shares during the period. Atlanta Capital Management Co. L L C boosted its stake in shares of J.B. Hunt Transport Services by 15.4% during the second quarter. Atlanta Capital Management Co. L L C now owns 3,568,728 shares of the transportation company’s stock valued at $326,110,000 after purchasing an additional 477,144 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of J.B. Hunt Transport Services by 8.8% during the third quarter. Bank of New York Mellon Corp now owns 2,888,361 shares of the transportation company’s stock valued at $320,840,000 after purchasing an additional 233,071 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 0.7% during the third quarter. Bessemer Group Inc. now owns 2,102,300 shares of the transportation company’s stock valued at $233,523,000 after purchasing an additional 15,199 shares in the last quarter. Finally, Sustainable Growth Advisers LP bought a new position in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $147,610,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Earl Wayne Garrison sold 100,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, October 27th. The shares were sold at an average price of $109.29, for a total transaction of $10,929,000.00. Following the completion of the sale, the director now directly owns 2,050,000 shares in the company, valued at $224,044,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Terrence D. Matthews sold 2,694 shares of J.B. Hunt Transport Services stock in a transaction on Friday, September 8th. The stock was sold at an average price of $101.00, for a total transaction of $272,094.00. Following the sale, the executive vice president now owns 21,140 shares of the company’s stock, valued at $2,135,140. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at $110.41 on Thursday. The firm has a market cap of $11,993.69, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 2.23 and a beta of 1.06. J.B. Hunt Transport Services, Inc. has a one year low of $83.35 and a one year high of $112.50. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.74.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. J.B. Hunt Transport Services’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 3.76 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Friday, November 3rd were paid a $0.23 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $0.92 annualized dividend and a yield of 0.83%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 24.47%.

A number of research firms have recently issued reports on JBHT. Barclays increased their price objective on shares of J.B. Hunt Transport Services from $97.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 2nd. Cowen reiterated a “buy” rating and set a $102.00 price objective on shares of J.B. Hunt Transport Services in a research note on Sunday, October 1st. BidaskClub upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Loop Capital reiterated a “buy” rating and set a $116.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, October 16th. Finally, Stifel Nicolaus set a $91.00 price objective on shares of J.B. Hunt Transport Services and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $109.41.

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J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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