Baader Bank Aktiengesellschaft Makes New Investment in J.B. Hunt Transport Services, Inc. $JBHT

Baader Bank Aktiengesellschaft acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,843 shares of the transportation company’s stock, valued at approximately $390,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CYBER HORNET ETFs LLC acquired a new position in J.B. Hunt Transport Services in the second quarter valued at $31,000. International Assets Investment Management LLC purchased a new position in J.B. Hunt Transport Services during the fourth quarter worth about $32,000. MUFG Securities EMEA plc acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter worth about $34,000. Whittier Trust Co. grew its holdings in J.B. Hunt Transport Services by 39.1% in the 4th quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock valued at $37,000 after buying an additional 50 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in J.B. Hunt Transport Services by 34.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 0.3%

Shares of NASDAQ:JBHT opened at $292.24 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 1 year low of $130.12 and a 1 year high of $299.76. The stock has a market capitalization of $27.56 billion, a P/E ratio of 41.39, a PEG ratio of 1.85 and a beta of 1.29. The stock has a 50-day simple moving average of $277.52 and a 200-day simple moving average of $240.59.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.71 by $0.20. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. J.B. Hunt Transport Services’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.31 earnings per share. Equities analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.71 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Spencer Frazier sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $258.20, for a total transaction of $516,400.00. Following the completion of the sale, the executive vice president directly owned 4,604 shares of the company’s stock, valued at approximately $1,188,752.80. This represents a 30.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian Webb sold 1,500 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the sale, the executive vice president owned 15,881 shares of the company’s stock, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 15,847 shares of company stock valued at $4,162,861. 2.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Benchmark upped their price objective on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Stifel Nicolaus boosted their target price on shares of J.B. Hunt Transport Services from $225.00 to $261.00 and gave the company a “hold” rating in a report on Monday, July 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research report on Thursday, July 16th. TD Cowen upped their price target on shares of J.B. Hunt Transport Services from $265.00 to $297.00 and gave the stock a “hold” rating in a research report on Thursday, July 16th. Finally, Citizens Jmp assumed coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and a consensus price target of $286.30.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.