Mackenzie Financial Corp Increases Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mackenzie Financial Corp raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) by 17.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,384 shares of the transportation company’s stock after buying an additional 1,087 shares during the period. Mackenzie Financial Corp’s holdings in J.B. Hunt Transport Services were worth $1,163,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of JBHT. Perpetual Investment Management Ltd grew its holdings in shares of J.B. Hunt Transport Services by 8.8% in the 2nd quarter. Perpetual Investment Management Ltd now owns 62,622 shares of the transportation company’s stock worth $9,862,000 after acquiring an additional 5,054 shares during the period. Principal Financial Group Inc. raised its stake in shares of J.B. Hunt Transport Services by 3.4% during the 2nd quarter. Principal Financial Group Inc. now owns 108,072 shares of the transportation company’s stock worth $17,018,000 after buying an additional 3,546 shares during the last quarter. Desjardins Global Asset Management Inc. acquired a new position in shares of J.B. Hunt Transport Services during the 2nd quarter worth $331,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of J.B. Hunt Transport Services by 13.0% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 53,507 shares of the transportation company’s stock worth $8,427,000 after buying an additional 6,168 shares in the last quarter. Finally, Pictet Asset Management SA grew its stake in J.B. Hunt Transport Services by 15.0% in the 2nd quarter. Pictet Asset Management SA now owns 41,350 shares of the transportation company’s stock valued at $6,511,000 after acquiring an additional 5,397 shares during the last quarter. 73.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on JBHT. Evercore ISI reduced their price target on shares of J.B. Hunt Transport Services to $194.00 in a report on Thursday, October 20th. Susquehanna dropped their price target on J.B. Hunt Transport Services from $196.00 to $194.00 and set a “positive” rating for the company in a research report on Wednesday, October 19th. Barclays reduced their price objective on J.B. Hunt Transport Services from $210.00 to $190.00 in a research report on Tuesday, October 11th. Benchmark dropped their price objective on J.B. Hunt Transport Services from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 20th. Finally, Credit Suisse Group boosted their target price on shares of J.B. Hunt Transport Services from $185.00 to $186.00 and gave the company a “neutral” rating in a research note on Wednesday, October 19th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.68.

Insider Activity

In related news, EVP Shelley Simpson sold 7,000 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $186.02, for a total value of $1,302,140.00. Following the sale, the executive vice president now directly owns 77,630 shares of the company’s stock, valued at $14,440,732.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Shelley Simpson sold 7,000 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $186.02, for a total transaction of $1,302,140.00. Following the transaction, the executive vice president now owns 77,630 shares of the company’s stock, valued at $14,440,732.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric Mcgee acquired 210 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were purchased at an average price of $167.75 per share, for a total transaction of $35,227.50. Following the purchase, the executive vice president now directly owns 611 shares of the company’s stock, valued at $102,495.25. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company’s stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT opened at $180.36 on Thursday. The company has a market cap of $18.67 billion, a P/E ratio of 18.87, a PEG ratio of 1.24 and a beta of 1.13. J.B. Hunt Transport Services, Inc. has a one year low of $153.92 and a one year high of $218.18. The business’s 50-day simple moving average is $169.80 and its 200 day simple moving average is $171.39. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.43 and a current ratio of 1.43.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last issued its quarterly earnings data on Tuesday, October 18th. The transportation company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.12. The firm had revenue of $3.84 billion for the quarter, compared to analyst estimates of $3.80 billion. J.B. Hunt Transport Services had a net margin of 6.89% and a return on equity of 30.61%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 EPS. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 9.77 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Friday, November 4th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Thursday, November 3rd. J.B. Hunt Transport Services’s payout ratio is 16.74%.

J.B. Hunt Transport Services Company Profile

(Get Rating)

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

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

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