Daiwa Securities Group Inc. Acquires 300 Shares of J B Hunt Transport Services Inc (JBHT)

Daiwa Securities Group Inc. increased its position in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 13.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,600 shares of the transportation company’s stock after buying an additional 300 shares during the period. Daiwa Securities Group Inc.’s holdings in J B Hunt Transport Services were worth $239,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Strs Ohio boosted its stake in shares of J B Hunt Transport Services by 0.4% in the first quarter. Strs Ohio now owns 7,120 shares of the transportation company’s stock worth $653,000 after buying an additional 27 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in J B Hunt Transport Services by 0.3% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,050 shares of the transportation company’s stock worth $1,748,000 after buying an additional 49 shares during the period. Hartford Investment Management Co. boosted its stake in J B Hunt Transport Services by 0.3% in the third quarter. Hartford Investment Management Co. now owns 21,286 shares of the transportation company’s stock worth $1,727,000 after buying an additional 55 shares during the period. Sii Investments Inc. WI boosted its stake in J B Hunt Transport Services by 0.6% in the fourth quarter. Sii Investments Inc. WI now owns 10,813 shares of the transportation company’s stock worth $1,049,000 after buying an additional 64 shares during the period. Finally, Van ECK Associates Corp boosted its stake in J B Hunt Transport Services by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 1,373 shares of the transportation company’s stock worth $133,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 71.47% of the company’s stock.

Institutional Ownership by Quarter for J B Hunt Transport Services (NASDAQ:JBHT)

Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) opened at 84.14 on Friday. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 21.85 and a beta of 0.81. J B Hunt Transport Services Inc has a one year low of $75.71 and a one year high of $102.38. The firm has a 50-day moving average price of $89.14 and a 200 day moving average price of $93.89.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, April 17th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.06. J B Hunt Transport Services had a return on equity of 30.96% and a net margin of 6.60%. The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that J B Hunt Transport Services Inc will post $3.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 5th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.09%. The ex-dividend date was Wednesday, May 3rd. J B Hunt Transport Services’s payout ratio is 24.08%.

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A number of equities research analysts have commented on JBHT shares. Deutsche Bank AG increased their price target on J B Hunt Transport Services from $90.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $107.00 price target (up from $102.00) on shares of J B Hunt Transport Services in a research note on Monday, March 6th. Zacks Investment Research cut J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Tuesday, February 14th. Stifel Nicolaus decreased their price target on J B Hunt Transport Services from $97.00 to $88.00 and set a “hold” rating for the company in a research note on Wednesday, April 19th. Finally, Vertical Research started coverage on J B Hunt Transport Services in a report on Thursday, April 13th. They issued a “hold” rating and a $92.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. J B Hunt Transport Services presently has a consensus rating of “Hold” and an average price target of $96.29.

In other J B Hunt Transport Services news, SVP John Kuhlow sold 500 shares of the business’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $96.68, for a total transaction of $48,340.00. Following the transaction, the senior vice president now owns 3,999 shares in the company, valued at approximately $386,623.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

12 Month Chart for NASDAQ:JBHT

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