Daiichi Life Insurance Co. Ltd. Buys Shares of 3,104 J.B. Hunt Transport Services, Inc. $JBHT

Daiichi Life Insurance Co. Ltd. purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,104 shares of the transportation company’s stock, valued at approximately $898,000.

A number of other hedge funds also recently modified their holdings of JBHT. Commerce Bank acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at approximately $1,457,000. Northwestern Mutual Wealth Management Co. acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth approximately $196,000. Evolve Private Wealth LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter worth approximately $3,366,000. Westpac Banking Corp bought a new position in J.B. Hunt Transport Services in the second quarter valued at approximately $131,000. Finally, William Blair Investment Management LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $546,000. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Activity

In other news, EVP Brian Webb sold 1,500 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the sale, the executive vice president directly owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Keefauver sold 703 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the sale, the executive vice president owned 790 shares of the company’s stock, valued at $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on JBHT. UBS Group increased their target price on J.B. Hunt Transport Services from $286.00 to $291.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their price objective on J.B. Hunt Transport Services from $280.00 to $313.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Weiss Ratings raised J.B. Hunt Transport Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. Finally, Zacks Research raised J.B. Hunt Transport Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $286.30.

View Our Latest Analysis on JBHT

J.B. Hunt Transport Services Trading Down 5.7%

NASDAQ JBHT opened at $259.88 on Tuesday. J.B. Hunt Transport Services, Inc. has a 12 month low of $130.12 and a 12 month high of $299.76. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average of $278.11 and a 200-day moving average of $251.68. The company has a market cap of $24.41 billion, a PE ratio of 36.81, a PEG ratio of 1.73 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.20. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the company earned $1.31 earnings per share. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is currently 25.50%.

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.

See Also

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

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