Charles Schwab Investment Management Inc. Purchases 21,970 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Charles Schwab Investment Management Inc. raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 3.7% in the 2nd quarter, Holdings Channel reports. The firm owned 618,482 shares of the transportation company’s stock after acquiring an additional 21,970 shares during the period. Charles Schwab Investment Management Inc.’s holdings in J.B. Hunt Transport Services were worth $88,814,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of J.B. Hunt Transport Services by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 10,048,462 shares of the transportation company’s stock valued at $1,486,670,000 after purchasing an additional 195,873 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in J.B. Hunt Transport Services by 14.6% in the first quarter. JPMorgan Chase & Co. now owns 4,853,092 shares of the transportation company’s stock valued at $718,015,000 after buying an additional 616,986 shares in the last quarter. Geode Capital Management LLC grew its position in J.B. Hunt Transport Services by 0.6% in the second quarter. Geode Capital Management LLC now owns 2,072,500 shares of the transportation company’s stock valued at $296,383,000 after acquiring an additional 11,637 shares during the last quarter. Wellington Management Group LLP grew its position in J.B. Hunt Transport Services by 11.5% in the first quarter. Wellington Management Group LLP now owns 1,408,057 shares of the transportation company’s stock valued at $208,322,000 after acquiring an additional 144,666 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in J.B. Hunt Transport Services by 2.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,347,508 shares of the transportation company’s stock worth $199,364,000 after acquiring an additional 27,871 shares in the last quarter. Institutional investors and hedge funds own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the completion of the transaction, the executive vice president owned 12,976 shares in the company, valued at approximately $2,192,944. This trade represents a 33.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JBHT shares. Stephens reaffirmed an “overweight” rating and set a $180.00 price target on shares of J.B. Hunt Transport Services in a report on Thursday, October 16th. Morgan Stanley boosted their target price on shares of J.B. Hunt Transport Services from $145.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 16th. BMO Capital Markets upped their price target on shares of J.B. Hunt Transport Services from $172.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Benchmark raised their price objective on J.B. Hunt Transport Services from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Bank of America boosted their price objective on J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average target price of $166.30.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $173.95 on Friday. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 2.33 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $192.42. The company’s fifty day moving average is $156.46 and its 200 day moving average is $148.26. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company earned $1.49 EPS. J.B. Hunt Transport Services’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services announced that its board has authorized a stock buyback program on Wednesday, October 22nd that permits the company to buyback $0.00 in shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 7th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 30.50%.

J.B. Hunt Transport Services Company Profile

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.