SEB Asset Management AB Invests $3.17 Million in J.B. Hunt Transport Services, Inc. $JBHT

SEB Asset Management AB acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,980 shares of the transportation company’s stock, valued at approximately $3,174,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JBHT. CYBER HORNET ETFs LLC purchased a new position in J.B. Hunt Transport Services during the second quarter worth $31,000. International Assets Investment Management LLC purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at $34,000. Whittier Trust Co. increased its position in J.B. Hunt Transport Services by 39.1% during the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after purchasing an additional 50 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the sale, the executive vice president owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. The trade was a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Keefauver sold 703 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the sale, the executive vice president owned 790 shares of the company’s stock, valued at $225,252.70. This represents a 47.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 15,847 shares of company stock worth $4,162,861. 2.50% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Price Performance

JBHT opened at $289.37 on Friday. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76. The company’s 50 day simple moving average is $278.22 and its 200 day simple moving average is $241.24. The stock has a market capitalization of $27.29 billion, a PE ratio of 40.99, a P/E/G ratio of 1.84 and a beta of 1.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.71 by $0.20. The firm had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. J.B. Hunt Transport Services’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.31 earnings per share. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 7.71 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is presently 25.50%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Susquehanna set a $345.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Argus set a $285.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, April 20th. Evercore restated an “outperform” rating and set a $248.00 target price on shares of J.B. Hunt Transport Services in a research report on Monday, May 11th. Finally, TD Cowen lifted their target price on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $286.30.

View Our Latest Stock Analysis on JBHT

J.B. Hunt Transport Services Company Profile

(Free Report)

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.

Further Reading

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

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