DekaBank Deutsche Girozentrale Acquires 103 Shares of J.B. Hunt Transport Services, Inc. $JBHT

DekaBank Deutsche Girozentrale boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,998 shares of the transportation company’s stock after purchasing an additional 103 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in J.B. Hunt Transport Services were worth $2,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in J.B. Hunt Transport Services by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,467 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 1,209 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of J.B. Hunt Transport Services in the 1st quarter valued at approximately $1,746,000. Bessemer Group Inc. increased its stake in J.B. Hunt Transport Services by 22.4% during the 1st quarter. Bessemer Group Inc. now owns 656 shares of the transportation company’s stock worth $97,000 after purchasing an additional 120 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in J.B. Hunt Transport Services by 8.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,596 shares of the transportation company’s stock worth $976,000 after purchasing an additional 494 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in J.B. Hunt Transport Services by 14.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,542 shares of the transportation company’s stock worth $820,000 after purchasing an additional 689 shares in the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $165.11 on Friday. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. The business’s 50 day moving average price is $143.55 and its two-hundred day moving average price is $142.26. The firm has a market cap of $15.98 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. J.B. Hunt Transport Services’s revenue was down .5% compared to the same quarter last year. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services declared that its Board of Directors has approved a stock repurchase plan on Wednesday, October 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 7th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.76 annualized dividend and a yield of 1.1%. J.B. Hunt Transport Services’s payout ratio is currently 30.50%.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Eric Mcgee acquired 1,148 shares of the business’s stock in a transaction on Monday, August 4th. The shares were acquired at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the transaction, the executive vice president owned 7,397 shares in the company, valued at approximately $1,041,201.72. This trade represents a 18.37% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on JBHT. JPMorgan Chase & Co. upped their price target on J.B. Hunt Transport Services from $170.00 to $176.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $140.00 to $147.00 and gave the company a “hold” rating in a report on Thursday, October 16th. Raymond James Financial increased their price objective on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Wells Fargo & Company increased their price objective on J.B. Hunt Transport Services from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Finally, Evercore ISI increased their price objective on J.B. Hunt Transport Services from $155.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus target price of $166.30.

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.