Perpetual Ltd Buys 1,670 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Perpetual Ltd raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 64.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,268 shares of the transportation company’s stock after acquiring an additional 1,670 shares during the period. Perpetual Ltd’s holdings in J.B. Hunt Transport Services were worth $728,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of JBHT. Canada Pension Plan Investment Board lifted its position in J.B. Hunt Transport Services by 12.1% during the second quarter. Canada Pension Plan Investment Board now owns 35,062 shares of the transportation company’s stock worth $5,610,000 after purchasing an additional 3,774 shares during the period. Ensign Peak Advisors Inc raised its position in shares of J.B. Hunt Transport Services by 70.5% in the 2nd quarter. Ensign Peak Advisors Inc now owns 49,925 shares of the transportation company’s stock valued at $7,988,000 after buying an additional 20,650 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of J.B. Hunt Transport Services by 8.4% during the 2nd quarter. ProShare Advisors LLC now owns 11,257 shares of the transportation company’s stock worth $1,801,000 after acquiring an additional 870 shares during the period. Public Sector Pension Investment Board boosted its position in shares of J.B. Hunt Transport Services by 80.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,968 shares of the transportation company’s stock worth $475,000 after acquiring an additional 1,319 shares in the last quarter. Finally, Xponance Inc. increased its stake in J.B. Hunt Transport Services by 116.2% in the second quarter. Xponance Inc. now owns 28,493 shares of the transportation company’s stock valued at $4,559,000 after acquiring an additional 15,312 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now directly owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares in the company, valued at $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,459 shares of company stock worth $2,136,277 over the last quarter. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on JBHT. Loop Capital upped their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. Citigroup reduced their price objective on J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. TD Cowen lowered their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a “hold” rating for the company in a research note on Friday, January 17th. Bank of America raised their price target on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Finally, Evercore ISI lowered their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating for the company in a research report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $191.11.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $174.90 on Thursday. The business has a 50-day moving average of $178.93 and a 200-day moving average of $174.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The company has a market capitalization of $17.64 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. 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 released its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the business posted $1.47 EPS. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.83 earnings per share for the current year.

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.