Duality Advisers LP Takes Position in J B Hunt Transport Services Inc (NASDAQ:JBHT)
Duality Advisers LP bought a new position in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,492 shares of the transportation company’s stock, valued at approximately $2,586,000.
Other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in J B Hunt Transport Services during the 4th quarter worth $327,000. Redpoint Investment Management Pty Ltd purchased a new position in shares of J B Hunt Transport Services during the fourth quarter worth about $203,000. Macquarie Group Ltd. increased its position in J B Hunt Transport Services by 89.8% in the 4th quarter. Macquarie Group Ltd. now owns 204,809 shares of the transportation company’s stock valued at $23,918,000 after acquiring an additional 96,926 shares during the period. Norges Bank purchased a new stake in J B Hunt Transport Services during the 4th quarter valued at approximately $95,999,000. Finally, Franklin Resources Inc. raised its stake in J B Hunt Transport Services by 0.7% during the 4th quarter. Franklin Resources Inc. now owns 552,203 shares of the transportation company’s stock valued at $64,486,000 after acquiring an additional 3,590 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:JBHT opened at $129.40 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.54 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $13.61 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. The firm has a 50-day moving average price of $123.49 and a two-hundred day moving average price of $108.73. J B Hunt Transport Services Inc has a twelve month low of $75.29 and a twelve month high of $138.76.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, August 6th. J B Hunt Transport Services’s payout ratio is 22.09%.
In other J B Hunt Transport Services news, insider Terrence D. Matthews sold 2,000 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $130.25, for a total value of $260,500.00. Following the transaction, the insider now directly owns 22,945 shares in the company, valued at approximately $2,988,586.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman James K. Thompson sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $135.00, for a total transaction of $2,025,000.00. Following the sale, the chairman now directly owns 40,838 shares in the company, valued at $5,513,130. The disclosure for this sale can be found here. Insiders have sold 93,457 shares of company stock valued at $12,407,741 in the last three months. 3.51% of the stock is currently owned by company insiders.
A number of research firms have recently issued reports on JBHT. Stifel Nicolaus boosted their target price on J B Hunt Transport Services from $118.00 to $122.00 and gave the company a “hold” rating in a report on Friday, July 24th. Morgan Stanley boosted their price objective on shares of J B Hunt Transport Services from $89.00 to $110.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Robert W. Baird raised their target price on shares of J B Hunt Transport Services from $128.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday, July 17th. Raymond James boosted their price target on shares of J B Hunt Transport Services from $117.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Finally, UBS Group increased their price target on shares of J B Hunt Transport Services from $99.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Seventeen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $132.84.
J B Hunt Transport Services Profile
J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).
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