The Manufacturers Life Insurance Company Acquires New Shares in J.B. Hunt Transport Services, Inc. $JBHT

The Manufacturers Life Insurance Company bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 148,366 shares of the transportation company’s stock, valued at approximately $42,942,000.

Several other institutional investors have also recently bought and sold shares of JBHT. CYBER HORNET ETFs LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth about $31,000. International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $32,000. MUFG Securities EMEA plc bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at approximately $34,000. CIBC Private Wealth Group LLC grew its holdings in shares of J.B. Hunt Transport Services by 34.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 48 shares during the last quarter. Finally, Activest Wealth Management increased its position in J.B. Hunt Transport Services by 19,800.0% during 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 in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP David Keefauver sold 703 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of the 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 $4,510,362.81. This represents a 8.63% decrease in their position. The SEC filing for this sale provides additional information. 2.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on JBHT. Truist Financial increased their price objective on shares of J.B. Hunt Transport Services from $280.00 to $295.00 and gave the company a “hold” rating in a research note on Thursday, July 16th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. BMO Capital Markets reiterated an “outperform” rating on shares of J.B. Hunt Transport Services in a report on Thursday, July 16th. Citizens Jmp assumed coverage on J.B. Hunt Transport Services in a report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, The Goldman Sachs Group set a $261.00 target price on J.B. Hunt Transport Services in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $286.30.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $263.64 on Thursday. The company has a fifty day moving average price of $277.69 and a 200-day moving average price of $252.19. The company has a market capitalization of $24.76 billion, a P/E ratio of 37.34, a PEG ratio of 1.65 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 52-week low of $130.12 and a 52-week high of $299.76. 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 (NASDAQ:JBHT) last issued its quarterly earnings data 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. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. J.B. Hunt Transport Services’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share. As a group, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 7.75 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 25.50%.

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.