J.B. Hunt Transport Services, Inc. $JBHT Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 958.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,828 shares of the transportation company’s stock after purchasing an additional 14,333 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in J.B. Hunt Transport Services were worth $2,342,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Exchange Traded Concepts LLC raised its position in shares of J.B. Hunt Transport Services by 13.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 731 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 85 shares in the last quarter. Man Group plc raised its position in shares of J.B. Hunt Transport Services by 0.9% in the 4th quarter. Man Group plc now owns 11,165 shares of the transportation company’s stock valued at $1,905,000 after purchasing an additional 98 shares in the last quarter. Trust Investment Advisors raised its position in shares of J.B. Hunt Transport Services by 2.3% in the 1st quarter. Trust Investment Advisors now owns 4,697 shares of the transportation company’s stock valued at $695,000 after purchasing an additional 104 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of J.B. Hunt Transport Services by 49.3% in the 1st quarter. TD Private Client Wealth LLC now owns 330 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 109 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of J.B. Hunt Transport Services by 22.4% in the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock valued at $97,000 after acquiring an additional 120 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $141.00 on Wednesday. The company has a market cap of $13.65 billion, a P/E ratio of 25.64, a PEG ratio of 2.20 and a beta of 1.28. The stock has a fifty day moving average price of $146.47 and a 200 day moving average price of $144.01. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.87 and a quick ratio of 0.87. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Tuesday, July 15th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.03). The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.93 billion. J.B. Hunt Transport Services had a return on equity of 14.26% and a net margin of 4.59%.J.B. Hunt Transport Services’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 earnings per share. On average, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 32.00%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Eric Mcgee purchased 1,148 shares of J.B. Hunt Transport Services stock in a transaction on Monday, August 4th. The stock was bought at an average price of $140.76 per share, for a total transaction of $161,592.48. Following the transaction, the executive vice president owned 7,397 shares of the company’s stock, valued at $1,041,201.72. The trade was a 18.37% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David Keefauver sold 989 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $143,763.62. This trade represents a 51.11% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

JBHT has been the subject of a number of research analyst reports. The Goldman Sachs Group set a $164.00 price target on J.B. Hunt Transport Services in a report on Tuesday, July 8th. Citigroup reiterated a “buy” rating and issued a $170.00 price target (down from $175.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, July 16th. Susquehanna boosted their price target on J.B. Hunt Transport Services from $155.00 to $157.00 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Raymond James Financial boosted their price target on J.B. Hunt Transport Services from $155.00 to $165.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Finally, Truist Financial boosted their price target on J.B. Hunt Transport Services from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.00.

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.