American Century Companies Inc. Has $123.59 Million Stake in J.B. Hunt Transport Services, Inc. (JBHT)

American Century Companies Inc. trimmed its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 0.9% in the fourth quarter, Holdings Channel reports. The fund owned 1,074,920 shares of the transportation company’s stock after selling 9,450 shares during the quarter. American Century Companies Inc.’s holdings in J.B. Hunt Transport Services were worth $123,594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkwood LLC acquired a new position in shares of J.B. Hunt Transport Services in the third quarter worth $202,000. First Allied Advisory Services Inc. acquired a new position in shares of J.B. Hunt Transport Services in the third quarter worth $211,000. Morse Asset Management Inc acquired a new position in shares of J.B. Hunt Transport Services in the third quarter worth $211,000. Capital Investment Counsel Inc acquired a new position in shares of J.B. Hunt Transport Services in the third quarter worth $222,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of J.B. Hunt Transport Services in the second quarter worth $211,000. 70.80% of the stock is owned by institutional investors.

In other J.B. Hunt Transport Services news, Director Earl Wayne Garrison sold 21,344 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total transaction of $2,684,861.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Kuhlow sold 500 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $112.55, for a total value of $56,275.00. Following the sale, the senior vice president now directly owns 3,499 shares of the company’s stock, valued at approximately $393,812.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,844 shares of company stock valued at $2,851,467. 4.30% of the stock is owned by company insiders.

J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) opened at $114.81 on Friday. The company has a market capitalization of $12,723.67, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.77 and a beta of 0.98. J.B. Hunt Transport Services, Inc. has a 12 month low of $83.35 and a 12 month high of $126.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.48.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $2.45. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.93 billion. J.B. Hunt Transport Services had a return on equity of 27.32% and a net margin of 9.55%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 earnings per share. equities analysts predict that J.B. Hunt Transport Services, Inc. will post 5.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a $0.24 dividend. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, February 8th. J.B. Hunt Transport Services’s dividend payout ratio is presently 14.86%.

A number of research firms have recently weighed in on JBHT. Citigroup boosted their price target on J.B. Hunt Transport Services to $120.00 and gave the stock a “hold” rating in a report on Wednesday. BidaskClub cut J.B. Hunt Transport Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Cowen reissued a “market perform” rating and issued a $124.00 price target (down from $127.00) on shares of J.B. Hunt Transport Services in a report on Monday, January 29th. Credit Suisse Group boosted their price target on J.B. Hunt Transport Services from $129.00 to $131.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Finally, UBS Group set a $115.00 price target on J.B. Hunt Transport Services and gave the stock a “hold” rating in a report on Monday, October 16th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. J.B. Hunt Transport Services presently has an average rating of “Buy” and an average target price of $118.89.

COPYRIGHT VIOLATION NOTICE: “American Century Companies Inc. Has $123.59 Million Stake in J.B. Hunt Transport Services, Inc. (JBHT)” was posted by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://www.com-unik.info/2018/02/09/american-century-companies-inc-has-123-59-million-stake-in-j-b-hunt-transport-services-inc-jbht.html.

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.

Want to see what other hedge funds are holding JBHT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT).

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

Receive News & Ratings for J.B. Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit