MASTERINVEST Kapitalanlage GmbH Invests $2.67 Million in J.B. Hunt Transport Services, Inc. $JBHT

MASTERINVEST Kapitalanlage GmbH purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,233 shares of the transportation company’s stock, valued at approximately $2,672,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sivia Capital Partners LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $539,000. BlackRock Inc. bought a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $1,833,602,000. Bank of America Corp DE boosted its stake in shares of J.B. Hunt Transport Services by 2.4% in the 1st quarter. Bank of America Corp DE now owns 454,610 shares of the transportation company’s stock worth $96,332,000 after buying an additional 10,664 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 71.7% in the fourth quarter. HighTower Advisors LLC now owns 9,684 shares of the transportation company’s stock valued at $1,882,000 after acquiring an additional 4,043 shares in the last quarter. Finally, Greenwood Gearhart Inc. grew its holdings in shares of J.B. Hunt Transport Services by 4.3% in the fourth quarter. Greenwood Gearhart Inc. now owns 201,839 shares of the transportation company’s stock valued at $39,225,000 after acquiring an additional 8,270 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on JBHT. Weiss Ratings upgraded J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Raymond James Financial upped their price objective on J.B. Hunt Transport Services from $299.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Morgan Stanley reiterated an “underweight” rating and set a $200.00 target price (up from $190.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 6th. Citizens Jmp started coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Stifel Nicolaus raised their price objective on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $286.30.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares in the company, valued at $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction of $426,015.00. Following the completion of the sale, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. This trade represents a 8.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ:JBHT opened at $263.39 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The business has a fifty day simple moving average of $277.53 and a two-hundred day simple moving average of $252.44. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76. The company has a market capitalization of $24.74 billion, a P/E ratio of 37.31, a P/E/G ratio of 1.66 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the company posted $1.31 earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. On average, analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

J.B. Hunt Transport Services Company 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.