J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,341 shares of the transportation company’s stock after purchasing an additional 6,052 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in J.B. Hunt Transport Services were worth $10,055,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Clear Street Markets LLC raised its position in J.B. Hunt Transport Services by 94.0% in the first quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 78 shares during the period. VisionPoint Advisory Group LLC grew its holdings in shares of J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 87 shares in the last quarter. Operose Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $34,000. VitalStone Financial LLC acquired a new position in shares of J.B. Hunt Transport Services in the first quarter valued at approximately $38,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays dropped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday. Raymond James lifted their price objective on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. Stephens decreased their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Wednesday. Stifel Nicolaus decreased their price objective on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Loop Capital decreased their price objective on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.56.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $167.30 on Friday. The company has a market capitalization of $17.28 billion, a P/E ratio of 26.56, a PEG ratio of 1.96 and a beta of 1.11. J.B. Hunt Transport Services, Inc. has a twelve month low of $160.07 and a twelve month high of $219.51. The business has a 50 day simple moving average of $197.94 and a 200-day simple moving average of $192.83. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.27). J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.29 billion. During the same period in the previous year, the company posted $1.92 earnings per share. J.B. Hunt Transport Services’s revenue was down 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.99 EPS for the current year.

Insider Buying and Selling

In related news, insider Alfred C. Harper sold 6,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the transaction, the insider now directly owns 42,411 shares in the company, valued at $9,021,243.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman James K. Thompson sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $206.48, for a total value of $825,920.00. Following the transaction, the chairman now directly owns 28,259 shares in the company, valued at approximately $5,834,918.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the transaction, the insider now owns 42,411 shares in the company, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Insiders have sold 20,432 shares of company stock worth $4,309,687 in the last three months. Corporate insiders own 2.10% of the company’s stock.

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.