Commerzbank Aktiengesellschaft FI Acquires 3,506 Shares of J.B. Hunt Transport Services, Inc. (JBHT)

Commerzbank Aktiengesellschaft FI increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 39.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,359 shares of the transportation company’s stock after purchasing an additional 3,506 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in J.B. Hunt Transport Services were worth $1,373,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of JBHT. Great West Life Assurance Co. Can boosted its stake in J.B. Hunt Transport Services by 104.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 128,710 shares of the transportation company’s stock worth $11,757,000 after purchasing an additional 65,876 shares during the period. Rothschild Asset Management Inc. lifted its stake in shares of J.B. Hunt Transport Services by 29.1% in the 2nd quarter. Rothschild Asset Management Inc. now owns 6,512 shares of the transportation company’s stock worth $595,000 after acquiring an additional 1,469 shares during the period. CIBC Asset Management Inc lifted its stake in shares of J.B. Hunt Transport Services by 2.4% in the 2nd quarter. CIBC Asset Management Inc now owns 15,999 shares of the transportation company’s stock worth $1,462,000 after acquiring an additional 370 shares during the period. Sei Investments Co. lifted its stake in shares of J.B. Hunt Transport Services by 25.7% in the 2nd quarter. Sei Investments Co. now owns 17,990 shares of the transportation company’s stock worth $1,644,000 after acquiring an additional 3,680 shares during the period. Finally, Korea Investment CORP acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth $557,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

J.B. Hunt Transport Services, Inc. (JBHT) opened at $110.41 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. The stock has a market cap of $11,993.69, a PE ratio of 29.70, a PEG ratio of 2.23 and a beta of 1.06. J.B. Hunt Transport Services, Inc. has a twelve month low of $83.35 and a twelve month high of $112.50.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05). The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. 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 business earned $0.97 EPS. analysts forecast that J.B. Hunt Transport Services, Inc. will post 3.76 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were issued a $0.23 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.83%. J.B. Hunt Transport Services’s dividend payout ratio is presently 24.47%.

Several analysts have recently commented on the stock. BMO Capital Markets restated a “neutral” rating on shares of J.B. Hunt Transport Services in a research note on Friday, December 1st. UBS upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and raised their target price for the stock from $115.00 to $126.00 in a research note on Monday, October 23rd. Buckingham Research assumed coverage on shares of J.B. Hunt Transport Services in a research note on Friday, October 20th. They issued a “buy” rating and a $124.00 target price for the company. Loop Capital restated a “buy” rating and issued a $116.00 target price on shares of J.B. Hunt Transport Services in a research note on Monday, October 16th. Finally, Stifel Nicolaus reduced their target price on shares of J.B. Hunt Transport Services from $114.00 to $111.00 and set a “buy” rating for the company in a research note on Monday, October 16th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $109.41.

In other news, EVP Terrence D. Matthews sold 2,694 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 21,140 shares in the company, valued at approximately $2,135,140. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Earl Wayne Garrison sold 100,000 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $109.29, for a total transaction of $10,929,000.00. Following the completion of the transaction, the director now owns 2,050,000 shares of the company’s stock, valued at approximately $224,044,500. The disclosure for this sale can be found here. 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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Institutional Ownership by Quarter for J.B. Hunt Transport Services (NASDAQ:JBHT)

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