Columbia Partners L L C Investment Management Buys New Holdings in J.B. Hunt Transport Services, Inc. (JBHT)

Columbia Partners L L C Investment Management acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,001 shares of the transportation company’s stock, valued at approximately $2,554,000.

A number of other hedge funds and other institutional investors have also modified their holdings of JBHT. State Board of Administration of Florida Retirement System boosted its stake in shares of J.B. Hunt Transport Services by 1.0% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 143,459 shares of the transportation company’s stock worth $13,109,000 after purchasing an additional 1,439 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 0.8% during the 2nd quarter. Contravisory Investment Management Inc. now owns 2,605 shares of the transportation company’s stock worth $238,000 after acquiring an additional 20 shares during the period. Legal & General Group Plc lifted its holdings in shares of J.B. Hunt Transport Services by 10.8% during the 2nd quarter. Legal & General Group Plc now owns 464,511 shares of the transportation company’s stock worth $42,446,000 after acquiring an additional 45,277 shares during the period. Stephens Inc. AR lifted its holdings in shares of J.B. Hunt Transport Services by 12.2% during the 2nd quarter. Stephens Inc. AR now owns 33,243 shares of the transportation company’s stock worth $3,038,000 after acquiring an additional 3,617 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 18.7% during the 2nd quarter. Victory Capital Management Inc. now owns 20,718 shares of the transportation company’s stock worth $1,893,000 after acquiring an additional 3,267 shares during the period. 70.97% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of J.B. Hunt Transport Services from $97.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 2nd. Cowen reiterated a “buy” rating and set a $102.00 price objective on shares of J.B. Hunt Transport Services in a report on Sunday, October 1st. BMO Capital Markets restated a “neutral” rating on shares of J.B. Hunt Transport Services in a report on Friday. Stifel Nicolaus upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and raised their price target for the company from $91.00 to $125.00 in a report on Friday, September 29th. Finally, Loop Capital reissued a “buy” rating and set a $116.00 price target (up previously from $103.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 4th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $109.41.

In other J.B. Hunt Transport Services news, EVP Terrence D. Matthews sold 2,694 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $101.00, for a total transaction of $272,094.00. Following the transaction, the executive vice president now owns 21,140 shares of the company’s stock, valued at approximately $2,135,140. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $99.10, for a total value of $99,100.00. Following the transaction, the executive vice president now directly owns 4,060 shares in the company, valued at approximately $402,346. The disclosure for this sale can be found here. Insiders sold a total of 103,694 shares of company stock worth $11,300,194 in the last three months. 4.30% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services, Inc. (JBHT) traded down $2.13 during mid-day trading on Friday, reaching $109.01. The company’s stock had a trading volume of 1,078,168 shares, compared to its average volume of 771,569. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $11,964.07, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.23 and a beta of 1.06. J.B. Hunt Transport Services, Inc. has a 12 month low of $83.35 and a 12 month high of $111.98.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. J.B. Hunt Transport Services’s revenue for the quarter was up 9.0% compared to the same quarter last year. analysts predict that J.B. Hunt Transport Services, Inc. will post 3.76 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were paid a $0.23 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.84%. J.B. Hunt Transport Services’s dividend payout ratio is currently 24.47%.

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J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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