Dai ichi Life Insurance Company Ltd Acquires 2,761 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Dai ichi Life Insurance Company Ltd boosted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,963 shares of the transportation company’s stock after buying an additional 2,761 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in J.B. Hunt Transport Services were worth $6,984,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. VisionPoint Advisory Group LLC increased its stake in J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock worth $32,000 after buying an additional 87 shares in the last quarter. Operose Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the third quarter valued at about $34,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the third quarter valued at about $36,000. Exchange Traded Concepts LLC grew its position in shares of J.B. Hunt Transport Services by 26.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 299 shares of the transportation company’s stock valued at $60,000 after purchasing an additional 62 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of J.B. Hunt Transport Services by 505.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 258 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. Bank of America cut their price objective on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. UBS Group lowered their price target on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Benchmark reaffirmed a “buy” rating and issued a $215.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, April 17th. Finally, Barclays lowered their price target 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, April 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $194.24.

Check Out Our Latest Stock Report on J.B. Hunt Transport Services

Insider Activity

In other news, SVP Kevin Bracy sold 754 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total transaction of $159,689.66. Following the sale, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Kevin Bracy sold 754 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $211.79, for a total transaction of $159,689.66. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares in the company, valued at $1,744,090.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the transaction, the insider now owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The disclosure for this sale can be found here. Insiders have sold 15,454 shares of company stock valued at $3,283,219 over the last ninety days. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Down 0.2 %

JBHT stock traded down $0.24 during trading on Wednesday, hitting $159.12. 273,353 shares of the company’s stock traded hands, compared to its average volume of 837,556. The firm has a market capitalization of $16.42 billion, a P/E ratio of 25.30, a PEG ratio of 2.25 and a beta of 1.17. The business has a fifty day simple moving average of $179.81 and a two-hundred day simple moving average of $190.65. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services, Inc. has a 1 year low of $156.70 and a 1 year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its quarterly earnings results on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.48 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

J.B. Hunt Transport Services Profile

(Free Report)

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.

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

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