Assenagon Asset Management S.A. Trims Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Assenagon Asset Management S.A. trimmed its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 96.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,803 shares of the transportation company’s stock after selling 214,037 shares during the period. Assenagon Asset Management S.A.’s holdings in J.B. Hunt Transport Services were worth $1,007,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in J.B. Hunt Transport Services by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,390,200 shares of the transportation company’s stock valued at $578,572,000 after purchasing an additional 15,476 shares in the last quarter. Invesco Ltd. lifted its holdings in J.B. Hunt Transport Services by 5.1% in the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company’s stock valued at $362,554,000 after purchasing an additional 104,019 shares in the last quarter. Geode Capital Management LLC lifted its holdings in J.B. Hunt Transport Services by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company’s stock valued at $340,049,000 after purchasing an additional 8,968 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in J.B. Hunt Transport Services by 0.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,319,637 shares of the transportation company’s stock valued at $225,209,000 after purchasing an additional 8,725 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company’s stock valued at $215,610,000 after purchasing an additional 1,024,295 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Down 0.1%

JBHT opened at $139.01 on Thursday. The firm has a 50 day moving average price of $137.30 and a 200 day moving average price of $155.68. The company has a market cap of $13.79 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 14.07%. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 9th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.94%.

Insider Buying and Selling

In other news, COO Nicholas Hobbs acquired 1,529 shares of the stock in a transaction on Wednesday, April 23rd. The stock was bought at an average price of $130.75 per share, with a total value of $199,916.75. Following the completion of the transaction, the chief operating officer now directly owns 91,847 shares of the company’s stock, valued at $12,008,995.25. The trade was a 1.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays reduced their target price on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a “market perform” rating in a report on Wednesday, April 16th. The Goldman Sachs Group reiterated a “neutral” rating and set a $164.00 price objective on shares of J.B. Hunt Transport Services in a report on Monday, June 2nd. Bank of America increased their price objective on shares of J.B. Hunt Transport Services from $150.00 to $166.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Finally, Citigroup cut their price objective on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $161.90.

Read Our Latest Report on J.B. Hunt Transport Services

J.B. Hunt Transport Services Company Profile

(Free Report)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.

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

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