UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $305.75 Million Stock Position in J.B. Hunt Transport Services, Inc. $JBHT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 64.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,056,398 shares of the transportation company’s stock after acquiring an additional 414,837 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in J.B. Hunt Transport Services were worth $305,753,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of JBHT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of J.B. Hunt Transport Services by 74.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,643 shares of the transportation company’s stock worth $2,314,000 after purchasing an additional 6,668 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of J.B. Hunt Transport Services by 3.3% in the first quarter. Goldman Sachs Group Inc. now owns 433,661 shares of the transportation company’s stock valued at $64,160,000 after buying an additional 13,729 shares in the last quarter. Empowered Funds LLC raised its position in shares of J.B. Hunt Transport Services by 27.8% in the first quarter. Empowered Funds LLC now owns 1,770 shares of the transportation company’s stock valued at $262,000 after buying an additional 385 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $539,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of J.B. Hunt Transport Services by 21.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 583 shares of the transportation company’s stock valued at $84,000 after buying an additional 101 shares during the period. 74.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

JBHT has been the topic of a number of recent research reports. The Goldman Sachs Group set a $261.00 price objective on J.B. Hunt Transport Services in a research note on Thursday, July 16th. Robert W. Baird upped their target price on 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 report on Thursday, July 16th. TD Cowen raised their price target on J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $286.30.

Get Our Latest Stock Report on J.B. Hunt Transport Services

J.B. Hunt Transport Services Stock Up 1.7%

Shares of JBHT opened at $265.47 on Tuesday. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $299.76. The company has a market cap of $24.93 billion, a P/E ratio of 37.60, a P/E/G ratio of 1.64 and a beta of 1.30. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $277.17 and a two-hundred day simple moving average of $252.94.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.20. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the company earned $1.31 earnings per share. The company’s quarterly revenue was up 19.4% on a year-over-year basis. Research analysts forecast 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 firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s payout ratio is presently 25.50%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total transaction 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. The trade was a 8.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Keefauver sold 703 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the transaction, the executive vice president owned 790 shares of the company’s stock, valued at approximately $225,252.70. This represents a 47.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.50% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services 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

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

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