Cambiar Investors LLC Purchases 3,210 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Cambiar Investors LLC lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,060 shares of the transportation company’s stock after buying an additional 3,210 shares during the quarter. Cambiar Investors LLC owned about 0.06% of J.B. Hunt Transport Services worth $7,763,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of J.B. Hunt Transport Services by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company’s stock valued at $1,486,670,000 after buying an additional 195,873 shares in the last quarter. JPMorgan Chase & Co. boosted its position in J.B. Hunt Transport Services by 14.6% during the first quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company’s stock worth $718,015,000 after purchasing an additional 616,986 shares during the period. Wellington Management Group LLP boosted its position in J.B. Hunt Transport Services by 11.5% during the first quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company’s stock worth $208,322,000 after purchasing an additional 144,666 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in J.B. Hunt Transport Services by 2.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,347,508 shares of the transportation company’s stock worth $199,364,000 after purchasing an additional 27,871 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in J.B. Hunt Transport Services by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,201,423 shares of the transportation company’s stock worth $177,738,000 after purchasing an additional 20,396 shares during the period. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Up 1.3%

Shares of JBHT stock opened at $168.86 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $122.79 and a 12 month high of $200.40. The firm has a market cap of $16.08 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 2.33 and a beta of 1.24. The stock has a 50 day moving average of $145.81 and a 200-day moving average of $143.36. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Wednesday, October 15th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the company earned $1.49 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio is presently 30.50%.

J.B. Hunt Transport Services declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 22nd that permits the company to repurchase $0.00 in shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on JBHT shares. Robert W. Baird upped their target price on J.B. Hunt Transport Services from $164.00 to $173.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Stifel Nicolaus upped their target price on J.B. Hunt Transport Services from $140.00 to $147.00 and gave the stock a “hold” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 8th. Bank of America upped their target price on J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, TD Cowen upped their target price on J.B. Hunt Transport Services from $140.00 to $152.00 and gave the stock a “hold” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.30.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 6,500 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total value of $1,098,500.00. Following the completion of the transaction, the executive vice president directly owned 12,976 shares in the company, valued at approximately $2,192,944. This represents a 33.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Eric Mcgee bought 1,148 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of $140.76 per share, with a total value of $161,592.48. Following the completion of the purchase, the executive vice president directly owned 7,397 shares of the company’s stock, valued at $1,041,201.72. This represents a 18.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 2.30% of the company’s stock.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.