J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 18.4% during the second quarter, HoldingsChannel.com reports. The fund owned 7,080 shares of the transportation company’s stock after acquiring an additional 1,100 shares during the period. Van ECK Associates Corp’s holdings in J.B. Hunt Transport Services were worth $1,154,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in J.B. Hunt Transport Services by 7.8% during the first quarter. Envestnet Asset Management Inc. now owns 53,582 shares of the transportation company’s stock worth $9,006,000 after buying an additional 3,860 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in J.B. Hunt Transport Services by 10.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,643 shares of the transportation company’s stock worth $4,478,000 after buying an additional 2,419 shares in the last quarter. Alliancebernstein L.P. lifted its position in J.B. Hunt Transport Services by 25.1% during the first quarter. Alliancebernstein L.P. now owns 148,339 shares of the transportation company’s stock worth $24,931,000 after buying an additional 29,759 shares in the last quarter. Bank of Nova Scotia lifted its position in J.B. Hunt Transport Services by 3.5% during the first quarter. Bank of Nova Scotia now owns 19,112 shares of the transportation company’s stock worth $3,212,000 after buying an additional 640 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in J.B. Hunt Transport Services by 0.7% during the first quarter. Arizona State Retirement System now owns 24,376 shares of the transportation company’s stock worth $4,097,000 after buying an additional 172 shares in the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Eric Mcgee sold 1,300 shares of the business’s stock in a transaction on Monday, July 26th. The stock was sold at an average price of $165.53, for a total transaction of $215,189.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Stuart Lockard Scott sold 1,757 shares of the company’s stock in a transaction dated Friday, September 3rd. The stock was sold at an average price of $183.34, for a total value of $322,128.38. Following the transaction, the executive vice president now directly owns 19,477 shares of the company’s stock, valued at $3,570,913.18. The disclosure for this sale can be found here. Insiders have sold a total of 3,557 shares of company stock valued at $626,912 over the last three months. 3.30% of the stock is currently owned by insiders.

JBHT stock opened at $170.69 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $17.96 billion, a PE ratio of 30.48, a P/E/G ratio of 1.73 and a beta of 1.02. J.B. Hunt Transport Services, Inc. has a 12-month low of $119.22 and a 12-month high of $184.38. The business’s fifty day moving average price is $171.50 and its 200 day moving average price is $168.65.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Sunday, July 18th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.06. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.73 billion. J.B. Hunt Transport Services had a return on equity of 22.56% and a net margin of 5.57%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Friday, August 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 5th. This represents a $1.20 annualized dividend and a yield of 0.70%. J.B. Hunt Transport Services’s payout ratio is 25.32%.

A number of brokerages recently commented on JBHT. Morgan Stanley lifted their price objective on J.B. Hunt Transport Services from $150.00 to $153.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 8th. Raymond James reduced their price objective on J.B. Hunt Transport Services from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 20th. Zacks Investment Research downgraded J.B. Hunt Transport Services from a “buy” rating to a “hold” rating and set a $176.00 price objective on the stock. in a research report on Wednesday, June 16th. Citigroup lifted their target price on J.B. Hunt Transport Services from $197.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 14th. Finally, Stifel Nicolaus initiated coverage on J.B. Hunt Transport Services in a research report on Monday, June 21st. They issued a “hold” rating on the stock. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $171.68.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

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

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