Legal & General Group Plc Purchases 8,791 Shares of J.B. Hunt Transport Services, Inc. (JBHT)

Legal & General Group Plc increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 473,302 shares of the transportation company’s stock after buying an additional 8,791 shares during the period. Legal & General Group Plc owned about 0.43% of J.B. Hunt Transport Services worth $52,572,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its holdings in J.B. Hunt Transport Services by 1.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 143,459 shares of the transportation company’s stock valued at $13,109,000 after purchasing an additional 1,439 shares in the last quarter. Stephens Inc. AR boosted its holdings in J.B. Hunt Transport Services by 12.2% in the second quarter. Stephens Inc. AR now owns 33,243 shares of the transportation company’s stock valued at $3,038,000 after purchasing an additional 3,617 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in J.B. Hunt Transport Services by 18.7% in the second quarter. Victory Capital Management Inc. now owns 20,718 shares of the transportation company’s stock valued at $1,893,000 after purchasing an additional 3,267 shares in the last quarter. American Century Companies Inc. boosted its holdings in J.B. Hunt Transport Services by 30.8% in the second quarter. American Century Companies Inc. now owns 1,095,010 shares of the transportation company’s stock valued at $100,062,000 after purchasing an additional 257,725 shares in the last quarter. Finally, Nuance Investments LLC acquired a new position in J.B. Hunt Transport Services in the second quarter valued at approximately $6,143,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) opened at $109.28 on Wednesday. The firm has a market capitalization of $11,964.06, a P/E ratio of 29.62, a PEG ratio of 2.23 and a beta of 1.06. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $83.35 and a fifty-two week high of $112.50. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.74.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. J.B. Hunt Transport Services’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.97 earnings per share. sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 3.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Thursday, November 2nd. J.B. Hunt Transport Services’s payout ratio is currently 24.47%.

In other news, Director Earl Wayne Garrison sold 100,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 2,050,000 shares of the company’s stock, valued at $224,044,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Terrence D. Matthews sold 2,694 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $101.00, for a total value of $272,094.00. Following the completion of the sale, the executive vice president now directly owns 21,140 shares of the company’s stock, valued at $2,135,140. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by corporate insiders.

A number of brokerages recently issued reports on JBHT. UBS raised J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and upped their price target for the company from $115.00 to $126.00 in a report on Monday, October 23rd. Stifel Nicolaus set a $91.00 price target on J.B. Hunt Transport Services and gave the company a “hold” rating in a report on Wednesday, August 23rd. J P Morgan Chase & Co upped their price target on J.B. Hunt Transport Services from $108.00 to $121.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Credit Suisse Group reaffirmed a “buy” rating and issued a $114.00 price target (up from $100.00) on shares of J.B. Hunt Transport Services in a report on Thursday, October 12th. They noted that the move was a valuation call. Finally, BidaskClub raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. J.B. Hunt Transport Services currently has a consensus rating of “Buy” and a consensus target price of $109.41.

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

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