Wells Fargo & Company MN trimmed its holdings in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 37.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,498 shares of the transportation company’s stock after selling 93,614 shares during the quarter. Wells Fargo & Company MN owned about 0.15% of J B Hunt Transport Services worth $18,339,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in JBHT. First Allied Advisory Services Inc. purchased a new stake in shares of J B Hunt Transport Services during the 3rd quarter valued at approximately $211,000. Capital Investment Counsel Inc acquired a new stake in J B Hunt Transport Services in the 3rd quarter valued at approximately $222,000. Robeco Institutional Asset Management B.V. increased its holdings in J B Hunt Transport Services by 150.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,034 shares of the transportation company’s stock valued at $350,000 after purchasing an additional 1,824 shares during the last quarter. E&G Advisors LP acquired a new stake in J B Hunt Transport Services in the 4th quarter valued at approximately $379,000. Finally, Virtu Financial LLC acquired a new stake in J B Hunt Transport Services in the 3rd quarter valued at approximately $423,000. 72.19% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently weighed in on JBHT. Credit Suisse Group lifted their target price on shares of J B Hunt Transport Services from $129.00 to $131.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Cowen reiterated a “hold” rating and issued a $127.00 target price on shares of J B Hunt Transport Services in a report on Friday, January 19th. BidaskClub downgraded shares of J B Hunt Transport Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. Bank of America restated a “buy” rating and issued a $128.00 price target (up previously from $117.00) on shares of J B Hunt Transport Services in a research note on Thursday, December 28th. Finally, Robert W. Baird restated a “hold” rating and issued a $120.00 price target on shares of J B Hunt Transport Services in a research note on Friday, December 29th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. J B Hunt Transport Services currently has an average rating of “Buy” and an average price target of $118.89.
Shares of J B Hunt Transport Services Inc (JBHT) opened at $121.80 on Monday. The stock has a market cap of $13,368.10, a price-to-earnings ratio of 32.48, a PEG ratio of 1.82 and a beta of 0.96. J B Hunt Transport Services Inc has a 1 year low of $83.35 and a 1 year high of $126.49. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.45.
J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Thursday, January 18th. The transportation company reported $3.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $2.45. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.93 billion. J B Hunt Transport Services had a net margin of 9.55% and a return on equity of 27.32%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. research analysts anticipate that J B Hunt Transport Services Inc will post 5.27 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a dividend of $0.24 per share. This is a boost from J B Hunt Transport Services’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, February 8th. J B Hunt Transport Services’s payout ratio is 15.51%.
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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