J.B. Hunt Transport Services, Inc. $JBHT Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,495 shares of the transportation company’s stock after acquiring an additional 500 shares during the period. KLP Kapitalforvaltning AS’s holdings in J.B. Hunt Transport Services were worth $4,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBHT. SG Americas Securities LLC grew its holdings in J.B. Hunt Transport Services by 179.8% during the first quarter. SG Americas Securities LLC now owns 3,990 shares of the transportation company’s stock worth $590,000 after acquiring an additional 2,564 shares during the period. Net Worth Advisory Group grew its holdings in J.B. Hunt Transport Services by 35.9% during the first quarter. Net Worth Advisory Group now owns 1,772 shares of the transportation company’s stock worth $262,000 after acquiring an additional 468 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in J.B. Hunt Transport Services by 8.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after acquiring an additional 494 shares during the period. Exchange Traded Concepts LLC grew its holdings in J.B. Hunt Transport Services by 13.2% during the first quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock worth $108,000 after acquiring an additional 85 shares during the period. Finally, Blackston Financial Advisory Group LLC grew its holdings in J.B. Hunt Transport Services by 16.5% during the first quarter. Blackston Financial Advisory Group LLC now owns 2,118 shares of the transportation company’s stock worth $313,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Buying and Selling at J.B. Hunt Transport Services

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 that occurred on Monday, August 4th. The shares were purchased at an average cost of $140.76 per share, for a total transaction of $161,592.48. Following the completion of the transaction, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Keefauver sold 989 shares of the stock in a transaction dated 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 owned 946 shares in the company, valued at $143,763.62. This trade represents a 51.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on JBHT shares. Barclays dropped their price objective on J.B. Hunt Transport Services from $145.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. Sanford C. Bernstein set a $158.00 target price on J.B. Hunt Transport Services and gave the company a “market perform” rating in a report on Thursday. The Goldman Sachs Group set a $164.00 target price on J.B. Hunt Transport Services in a report on Tuesday, July 8th. Susquehanna lowered their target price on J.B. Hunt Transport Services from $157.00 to $145.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Finally, Robert W. Baird began coverage on J.B. Hunt Transport Services in a report on Tuesday, July 1st. They issued an “outperform” rating and a $169.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.00.

J.B. Hunt Transport Services Stock Down 3.9%

Shares of NASDAQ:JBHT opened at $137.09 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.28. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The stock’s fifty day simple moving average is $140.30 and its 200-day simple moving average is $141.11. The company has a market capitalization of $13.27 billion, a P/E ratio of 24.93, a P/E/G ratio of 2.25 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued 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). J.B. Hunt Transport Services had a net margin of 4.59% and a return on equity of 14.26%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same quarter in the prior year, the company earned $1.32 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. As a group, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share 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. Stockholders of record on Friday, August 8th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 32.00%.

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.