Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,042 shares of the transportation company’s stock after acquiring an additional 1,819 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in J.B. Hunt Transport Services were worth $13,074,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of JBHT. Summit Securities Group LLC increased its stake in J.B. Hunt Transport Services by 19,600.0% in the first quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 196 shares during the period. Private Trust Co. NA increased its position in J.B. Hunt Transport Services by 57.8% in the 2nd quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 74 shares during the period. Assetmark Inc. lifted its position in J.B. Hunt Transport Services by 418.6% during the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 180 shares during the period. National Pension Service grew its stake in shares of J.B. Hunt Transport Services by 74.9% in the 1st quarter. National Pension Service now owns 306 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 131 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of J.B. Hunt Transport Services by 38.6% in the second quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $159.92 on Thursday. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $192.46. The firm has a market capitalization of $15.23 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 2.33 and a beta of 1.27. The business’s 50 day simple moving average is $151.88 and its 200-day simple moving average is $146.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87.

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

J.B. Hunt Transport Services declared that its Board of Directors has authorized a share buyback program on Wednesday, October 22nd that allows the company to buyback $0.00 in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

J.B. Hunt Transport Services Dividend Announcement

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

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the completion of the transaction, the executive vice president owned 12,976 shares in the company, valued at approximately $2,192,944. The trade was a 33.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on JBHT shares. Raymond James Financial increased their price target on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Benchmark raised their target price on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Truist Financial boosted their price target on shares of J.B. Hunt Transport Services from $145.00 to $155.00 and gave the stock a “hold” rating in a research note on Thursday, October 16th. Evercore ISI raised their price objective on shares of J.B. Hunt Transport Services from $155.00 to $168.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, TD Cowen raised their price target on J.B. Hunt Transport Services from $140.00 to $152.00 and gave the company a “hold” rating in a report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $166.30.

J.B. Hunt Transport Services 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.