Assenagon Asset Management S.A. Has $24.96 Million Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Assenagon Asset Management S.A. decreased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 39.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 117,806 shares of the transportation company’s stock after selling 76,949 shares during the period. Assenagon Asset Management S.A.’s holdings in J.B. Hunt Transport Services were worth $24,963,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JBHT. Root Financial Partners LLC raised its stake in J.B. Hunt Transport Services by 25.4% during the 4th quarter. Root Financial Partners LLC now owns 232 shares of the transportation company’s stock worth $45,000 after buying an additional 47 shares during the period. CIBC Private Wealth Group LLC grew its stake in J.B. Hunt Transport Services by 34.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 48 shares during the period. Hartford Funds Management Co LLC grew its stake in J.B. Hunt Transport Services by 1.2% in the fourth quarter. Hartford Funds Management Co LLC now owns 4,189 shares of the transportation company’s stock valued at $814,000 after acquiring an additional 49 shares during the period. Whittier Trust Co. increased its holdings in shares of J.B. Hunt Transport Services by 39.1% in the fourth quarter. Whittier Trust Co. now owns 178 shares of the transportation company’s stock worth $37,000 after acquiring an additional 50 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of J.B. Hunt Transport Services by 6.7% during the fourth quarter. Huntington National Bank now owns 798 shares of the transportation company’s stock worth $155,000 after purchasing an additional 50 shares during the period. Institutional investors own 74.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Bank of America lifted their price objective on J.B. Hunt Transport Services from $225.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, April 16th. BMO Capital Markets increased their target price on J.B. Hunt Transport Services from $250.00 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Citigroup raised their target price on shares of J.B. Hunt Transport Services from $228.00 to $236.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Morgan Stanley lifted their price target on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Finally, TD Cowen upped their price target on shares of J.B. Hunt Transport Services from $209.00 to $228.00 and gave the company a “hold” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $239.87.

Insider Transactions at J.B. Hunt Transport Services

In related news, COO Nicholas Hobbs sold 1,272 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $250.75, for a total value of $318,954.00. Following the transaction, the chief operating officer directly owned 91,736 shares of the company’s stock, valued at $23,002,802. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Darren P. Field sold 4,000 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $254.49, for a total value of $1,017,960.00. Following the completion of the transaction, the executive vice president owned 8,696 shares in the company, valued at approximately $2,213,045.04. The trade was a 31.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 18,119 shares of company stock worth $4,736,095. Corporate insiders own 2.50% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT opened at $280.30 on Friday. The firm has a 50-day moving average price of $263.32 and a two-hundred day moving average price of $229.08. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $293.54. The company has a market capitalization of $26.43 billion, a P/E ratio of 43.39, a P/E/G ratio of 2.04 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a return on equity of 17.30% and a net margin of 5.13%.The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is 27.86%.

J.B. Hunt Transport Services Profile

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.