BI Asset Management Fondsmaeglerselskab A S Buys 3,772 Shares of J.B. Hunt Transport Services, Inc. $JBHT

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 91.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,907 shares of the transportation company’s stock after buying an additional 3,772 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in J.B. Hunt Transport Services were worth $1,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBHT. Focus Partners Advisor Solutions LLC lifted its holdings in J.B. Hunt Transport Services by 114.1% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 13,310 shares of the transportation company’s stock valued at $1,786,000 after purchasing an additional 7,094 shares during the last quarter. Greenwood Gearhart Inc. grew its stake in J.B. Hunt Transport Services by 2.7% during the third quarter. Greenwood Gearhart Inc. now owns 193,569 shares of the transportation company’s stock worth $25,971,000 after buying an additional 5,150 shares during the last quarter. American Century Companies Inc. grew its stake in J.B. Hunt Transport Services by 12.4% during the third quarter. American Century Companies Inc. now owns 234,471 shares of the transportation company’s stock worth $31,459,000 after buying an additional 25,816 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth approximately $539,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of J.B. Hunt Transport Services by 45.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,809 shares of the transportation company’s stock valued at $11,712,000 after acquiring an additional 17,839 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Performance

JBHT stock opened at $269.06 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. J.B. Hunt Transport Services, Inc. has a twelve month low of $130.12 and a twelve month high of $293.54. The company has a market cap of $25.37 billion, a P/E ratio of 41.65, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. The business’s fifty day moving average is $261.30 and its 200-day moving average is $228.11.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.04. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 EPS. Equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.27 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were given a $0.45 dividend. The ex-dividend date was Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $254.49, for a total transaction of $1,017,960.00. Following the sale, the executive vice president owned 8,696 shares of the company’s stock, valued at approximately $2,213,045.04. This trade represents a 31.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the transaction, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. This represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,119 shares of company stock worth $4,736,095 over the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on JBHT. BMO Capital Markets raised their price target on J.B. Hunt Transport Services from $250.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Morgan Stanley raised their target price on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Weiss Ratings cut J.B. Hunt Transport Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, April 24th. Barclays raised their price objective on shares of J.B. Hunt Transport Services from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Thursday, April 16th. Finally, Wall Street Zen raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Sunday, June 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $236.17.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.