Swedbank AB Purchases Shares of 29,014 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Swedbank AB purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 29,014 shares of the transportation company’s stock, valued at approximately $5,781,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBHT. Trillium Asset Management LLC raised its holdings in shares of J.B. Hunt Transport Services by 19.3% in the 4th quarter. Trillium Asset Management LLC now owns 174,450 shares of the transportation company’s stock valued at $34,844,000 after purchasing an additional 28,202 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of J.B. Hunt Transport Services by 24.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company’s stock valued at $5,838,000 after purchasing an additional 5,767 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of J.B. Hunt Transport Services by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 9,769,777 shares of the transportation company’s stock valued at $1,946,628,000 after purchasing an additional 25,109 shares in the last quarter. Empirical Capital Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at $8,089,000. Finally, Jennison Associates LLC raised its stake in J.B. Hunt Transport Services by 11.2% during the 1st quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock worth $39,413,000 after acquiring an additional 19,987 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

Insiders Place Their Bets

In related news, Director Persio V. Lisboa purchased 600 shares of the business’s stock in a transaction on Friday, July 19th. The shares were bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares in the company, valued at approximately $587,511.18. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on JBHT shares. TD Cowen dropped their price objective on shares of J.B. Hunt Transport Services from $181.00 to $161.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. Robert W. Baird dropped their price objective on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. UBS Group lowered their target price on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Morgan Stanley lowered their target price on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Finally, Susquehanna lowered their target price on shares of J.B. Hunt Transport Services from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.88.

J.B. Hunt Transport Services Trading Down 2.8 %

Shares of JBHT traded down $4.76 on Friday, hitting $163.59. 1,157,098 shares of the stock traded hands, compared to its average volume of 1,098,019. The company has a quick ratio of 1.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $16.68 billion, a P/E ratio of 25.97, a P/E/G ratio of 2.82 and a beta of 1.14. The stock’s 50 day moving average is $161.40 and its two-hundred day moving average is $180.42. J.B. Hunt Transport Services, Inc. has a 1 year low of $153.12 and a 1 year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.19). The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 EPS. As a group, sell-side analysts predict that J.B. Hunt Transport Services, Inc. will post 5.73 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Friday, August 2nd will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Friday, August 2nd. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

J.B. Hunt Transport Services 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.