HighPoint Advisor Group LLC acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the third quarter, Holdings Channel reports. The institutional investor acquired 6,657 shares of the company’s stock, valued at approximately $609,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pioneer Investment Management Inc. acquired a new position in J.B. Hunt Transport Services during the third quarter worth $27,171,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of J.B. Hunt Transport Services by 44.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 134,631 shares of the company’s stock worth $10,924,000 after buying an additional 41,620 shares during the last quarter. Cetera Advisors LLC bought a new stake in J.B. Hunt Transport Services during the third quarter valued at about $429,000. SRB Corp increased its stake in J.B. Hunt Transport Services by 9.7% in the third quarter. SRB Corp now owns 1,912 shares of the company’s stock valued at $155,000 after buying an additional 169 shares in the last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in J.B. Hunt Transport Services during the third quarter valued at about $2,178,000. 71.47% of the stock is owned by institutional investors.
Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at 99.50 on Wednesday. The stock has a 50 day moving average price of $97.97 and a 200-day moving average price of $88.39. The stock has a market cap of $11.07 billion, a P/E ratio of 26.12 and a beta of 0.81. J.B. Hunt Transport Services, Inc. has a 52 week low of $74.46 and a 52 week high of $102.38.
J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 19th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. J.B. Hunt Transport Services had a net margin of 6.60% and a return on equity of 30.96%. The company earned $1.72 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts predict that J.B. Hunt Transport Services, Inc. will post $4.16 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, February 10th will be issued a dividend of $0.23 per share. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, February 8th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 24.08%.
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A number of research firms recently issued reports on JBHT. Deutsche Bank AG initiated coverage on J.B. Hunt Transport Services in a research note on Wednesday, November 2nd. They set a “hold” rating and a $85.00 price objective on the stock. Loop Capital began coverage on shares of J.B. Hunt Transport Services in a research report on Tuesday, November 22nd. They set a “buy” rating and a $100.00 target price for the company. KeyCorp boosted their price target on shares of J.B. Hunt Transport Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 29th. Zacks Investment Research raised shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Thursday, October 20th. Finally, Robert W. Baird restated a “neutral” rating and set a $85.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, October 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $94.06.
In related news, Chairman James K. Thompson sold 10,000 shares of the business’s stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $96.62, for a total transaction of $966,200.00. Following the transaction, the chairman now directly owns 50,346 shares in the company, valued at $4,864,430.52. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO David G. Mee sold 7,000 shares of the business’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $100.32, for a total transaction of $702,240.00. Following the transaction, the chief financial officer now owns 113,000 shares in the company, valued at $11,336,160. The disclosure for this sale can be found here. Insiders have sold a total of 32,000 shares of company stock worth $3,191,990 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.
About J.B. Hunt Transport Services
J.B. Hunt Transport Services, Inc is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to various customers and consumers throughout the continental United States, Canada and Mexico.
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