Man Group plc purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 76,493 shares of the transportation company’s stock, valued at approximately $22,139,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $1,833,602,000. Jupiter Topco LLC acquired a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at $891,349,000. AQR Capital Management LLC increased its stake in J.B. Hunt Transport Services by 411.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,799,843 shares of the transportation company’s stock worth $258,457,000 after buying an additional 1,447,993 shares during the period. Norges Bank purchased a new stake in J.B. Hunt Transport Services during the 4th quarter worth $200,587,000. Finally, Bessemer Group Inc. lifted its holdings in J.B. Hunt Transport Services by 75,567.4% in the 4th quarter. Bessemer Group Inc. now owns 1,006,377 shares of the transportation company’s stock worth $195,580,000 after buying an additional 1,005,047 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.
J.B. Hunt Transport Services Stock Performance
Shares of J.B. Hunt Transport Services stock opened at $263.64 on Thursday. The firm has a market cap of $24.76 billion, a PE ratio of 37.34, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30. The firm’s 50-day simple moving average is $277.69 and its 200-day simple moving average is $252.19. 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, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76.
J.B. Hunt Transport Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.50%.
Insider Buying and Selling
In other news, EVP David Keefauver sold 703 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total value of $200,446.39. Following the completion of the transaction, the executive vice president owned 790 shares in the company, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian Webb sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at $4,510,362.81. This trade represents a 8.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.50% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of J.B. Hunt Transport Services from $290.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. 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. BMO Capital Markets reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Stifel Nicolaus raised their price objective on J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Finally, Morgan Stanley restated an “underweight” rating and set a $200.00 price objective (up from $190.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $286.30.
View Our Latest Stock Report on JBHT
J.B. Hunt Transport Services Company Profile
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.
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