Norinchukin Bank The Has $967,000 Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Norinchukin Bank The boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,511 shares of the transportation company’s stock after purchasing an additional 156 shares during the period. Norinchukin Bank The’s holdings in J.B. Hunt Transport Services were worth $967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 1st quarter valued at about $27,000. Salem Investment Counselors Inc. raised its position in J.B. Hunt Transport Services by 69.1% during the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 85 shares in the last quarter. Stonebridge Capital Advisors LLC lifted its stake in J.B. Hunt Transport Services by 57.6% in the first quarter. Stonebridge Capital Advisors LLC now owns 238 shares of the transportation company’s stock valued at $48,000 after acquiring an additional 87 shares during the last quarter. Parkside Financial Bank & Trust grew its position in J.B. Hunt Transport Services by 79.6% in the first quarter. Parkside Financial Bank & Trust now owns 273 shares of the transportation company’s stock worth $55,000 after acquiring an additional 121 shares in the last quarter. Finally, Alpha Paradigm Partners LLC increased its stake in shares of J.B. Hunt Transport Services by 248.7% during the 3rd quarter. Alpha Paradigm Partners LLC now owns 394 shares of the transportation company’s stock worth $62,000 after purchasing an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 73.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JBHT. Citigroup lifted their price objective on shares of J.B. Hunt Transport Services from $200.00 to $207.00 and gave the company a “buy” rating in a research note on Thursday, June 29th. Stifel Nicolaus increased their price objective on J.B. Hunt Transport Services from $162.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, July 19th. Wells Fargo & Company boosted their target price on J.B. Hunt Transport Services from $200.00 to $210.00 in a report on Wednesday, July 19th. 51job reiterated a “reiterates” rating on shares of J.B. Hunt Transport Services in a report on Tuesday, June 27th. Finally, Susquehanna dropped their price target on shares of J.B. Hunt Transport Services from $195.00 to $193.00 in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has an average rating of “Hold” and an average price target of $195.30.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $191.73 on Tuesday. The firm has a market capitalization of $19.82 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 1.66 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a one year low of $156.28 and a one year high of $209.21. The business has a fifty day simple moving average of $191.99 and a 200 day simple moving average of $180.77. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, July 18th. The transportation company reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.09). The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.29 billion. J.B. Hunt Transport Services had a net margin of 6.19% and a return on equity of 23.06%. The company’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.42 EPS. Sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 7.72 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Thursday, August 3rd. J.B. Hunt Transport Services’s dividend payout ratio is 20.51%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, COO Nicholas Hobbs sold 3,716 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $198.78, for a total value of $738,666.48. Following the sale, the chief operating officer now directly owns 79,471 shares in the company, valued at approximately $15,797,245.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Stuart Lockard Scott sold 1,609 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $198.28, for a total value of $319,032.52. Following the transaction, the executive vice president now directly owns 29,126 shares of the company’s stock, valued at approximately $5,775,103.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Nicholas Hobbs sold 3,716 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $198.78, for a total value of $738,666.48. Following the sale, the chief operating officer now owns 79,471 shares in the company, valued at approximately $15,797,245.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,502 shares of company stock valued at $2,284,358. 3.10% of the stock is currently owned by corporate insiders.

J.B. Hunt Transport Services Profile

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.