Charles Schwab Investment Management Inc. Buys 37,674 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Charles Schwab Investment Management Inc. lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 8.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 488,936 shares of the transportation company’s stock after purchasing an additional 37,674 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in J.B. Hunt Transport Services were worth $92,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBHT. Van ECK Associates Corp lifted its holdings in shares of J.B. Hunt Transport Services by 8.0% in the second quarter. Van ECK Associates Corp now owns 11,567 shares of the transportation company’s stock valued at $2,094,000 after purchasing an additional 854 shares in the last quarter. Capital Fund Management S.A. bought a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $2,939,000. EverSource Wealth Advisors LLC lifted its holdings in J.B. Hunt Transport Services by 3.8% during the third quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company’s stock worth $6,870,000 after acquiring an additional 1,331 shares during the period. California Public Employees Retirement System grew its stake in J.B. Hunt Transport Services by 0.9% in the 3rd quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company’s stock valued at $28,913,000 after purchasing an additional 1,393 shares during the period. Finally, Signaturefd LLC increased its position in shares of J.B. Hunt Transport Services by 17.1% during the 3rd quarter. Signaturefd LLC now owns 1,138 shares of the transportation company’s stock valued at $215,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 73.09% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $215.58 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.32. The stock has a market cap of $22.23 billion, a PE ratio of 30.93, a PEG ratio of 1.84 and a beta of 1.12. The company’s fifty day moving average is $198.87 and its 200 day moving average is $191.24. J.B. Hunt Transport Services, Inc. has a 52 week low of $163.66 and a 52 week high of $215.90.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its quarterly earnings data on Thursday, January 18th. The transportation company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.27). The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 18.40% and a net margin of 5.68%. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 EPS. Research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 7.8 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 8th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.42. J.B. Hunt Transport Services’s dividend payout ratio is 24.68%.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of research analyst reports. UBS Group raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $205.00 to $234.00 in a report on Monday, January 22nd. Susquehanna dropped their price objective on J.B. Hunt Transport Services from $195.00 to $194.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 17th. Raymond James increased their price objective on J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an “outperform” rating in a report on Tuesday, January 16th. TD Cowen upped their price target on J.B. Hunt Transport Services from $178.00 to $199.00 and gave the company a “market perform” rating in a research report on Friday, January 19th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $188.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $206.37.

Check Out Our Latest Analysis on J.B. Hunt Transport Services

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 1,527 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $184.77, for a total transaction of $282,143.79. Following the completion of the sale, the executive vice president now owns 4,522 shares of the company’s stock, valued at approximately $835,529.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP David Keefauver sold 978 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $205.06, for a total value of $200,548.68. Following the completion of the sale, the executive vice president now directly owns 1,119 shares of the company’s stock, valued at approximately $229,462.14. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Spencer Frazier sold 1,527 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $184.77, for a total value of $282,143.79. Following the completion of the transaction, the executive vice president now directly owns 4,522 shares of the company’s stock, valued at approximately $835,529.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,855 shares of company stock worth $2,317,087. Insiders own 3.10% of the company’s stock.

J.B. Hunt Transport Services Company Profile

(Free Report)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.

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

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