Eurizon Capital SGR S.p.A. Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Eurizon Capital SGR S.p.A. bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the fourth quarter, HoldingsChannel.com reports. The fund bought 5,730 shares of the transportation company’s stock, valued at approximately $1,114,000.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in J.B. Hunt Transport Services in the 4th quarter worth approximately $32,000. Whittier Trust Co. grew its position in J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after purchasing an additional 50 shares during the period. Activest Wealth Management grew its position in J.B. Hunt Transport Services by 19,800.0% in the 4th quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after purchasing an additional 198 shares during the period. Sentry Investment Management LLC bought a new stake in J.B. Hunt Transport Services in the 3rd quarter worth approximately $32,000. Finally, CYBER HORNET ETFs LLC bought a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $31,000. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on JBHT. Raymond James Financial reaffirmed an “outperform” rating and issued a $240.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 15th. Morgan Stanley upped their price objective on J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 16th. Wall Street Zen lowered J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group upped their price objective on J.B. Hunt Transport Services from $216.00 to $221.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Finally, Bank of America upped their price objective on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $228.17.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 4,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the sale, the executive vice president owned 8,696 shares in the company, valued at $2,213,045.04. The trade was a 31.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James K. Thompson sold 1,000 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total transaction of $254,280.00. Following the completion of the sale, the director owned 19,559 shares in the company, valued at approximately $4,973,462.52. The trade was a 4.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,916 shares of company stock worth $4,109,634 in the last three months. Corporate insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Trading Down 1.4%

Shares of J.B. Hunt Transport Services stock opened at $275.59 on Wednesday. The company has a market capitalization of $25.99 billion, a P/E ratio of 42.66, a P/E/G ratio of 2.08 and a beta of 1.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The company has a fifty day moving average of $239.01 and a 200 day moving average of $215.18. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $130.12 and a fifty-two week high of $279.92.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, April 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.04. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. J.B. Hunt Transport Services’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. On average, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.80 annualized dividend and a yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.86%.

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.