TD Asset Management Inc. boosted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 106,649 shares of the transportation company’s stock after purchasing an additional 4,813 shares during the quarter. TD Asset Management Inc. owned about 0.10% of J.B. Hunt Transport Services worth $11,847,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBHT. YorkBridge Wealth Partners LLC grew its holdings in J.B. Hunt Transport Services by 6.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock valued at $102,000 after buying an additional 68 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in J.B. Hunt Transport Services by 3.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock valued at $122,000 after buying an additional 43 shares in the last quarter. Paradigm Asset Management Co. LLC grew its holdings in J.B. Hunt Transport Services by 3.1% in the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after buying an additional 50 shares in the last quarter. Parkwood LLC purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at $202,000. Finally, Morse Asset Management Inc purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at $211,000. 70.97% of the stock is owned by hedge funds and other institutional investors.
JBHT has been the subject of several analyst reports. BMO Capital Markets restated a “neutral” rating on shares of J.B. Hunt Transport Services in a report on Friday. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Tuesday, September 19th. Cowen restated a “buy” rating and issued a $102.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, August 25th. Loop Capital restated a “buy” rating and issued a $116.00 target price (up from $103.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, October 4th. Finally, Stifel Nicolaus dropped their target price on J.B. Hunt Transport Services from $114.00 to $111.00 and set a “buy” rating for the company in a report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $109.41.
J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 earnings per share. research analysts predict that J.B. Hunt Transport Services, Inc. will post 3.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, November 2nd. J.B. Hunt Transport Services’s dividend payout ratio is presently 24.47%.
In other news, EVP Terrence D. Matthews sold 2,694 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $101.00, for a total transaction of $272,094.00. Following the completion of the transaction, the executive vice president now directly owns 21,140 shares in the company, valued at approximately $2,135,140. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Earl Wayne Garrison sold 100,000 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $109.29, for a total value of $10,929,000.00. Following the transaction, the director now owns 2,050,000 shares of the company’s stock, valued at $224,044,500. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,694 shares of company stock valued at $11,300,194. Company insiders own 4.30% of the company’s stock.
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J.B. Hunt Transport Services Profile
J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.
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