USA Financial Portformulas Corp Has $7.67 Million Position in J B Hunt Transport Services Inc (JBHT)

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USA Financial Portformulas Corp increased its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,063 shares of the transportation company’s stock after buying an additional 2,243 shares during the quarter. J B Hunt Transport Services accounts for about 1.9% of USA Financial Portformulas Corp’s investment portfolio, making the stock its 16th largest position. USA Financial Portformulas Corp’s holdings in J B Hunt Transport Services were worth $7,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of JBHT. Janus Henderson Group PLC raised its position in J B Hunt Transport Services by 55.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,250,182 shares of the transportation company’s stock valued at $151,960,000 after purchasing an additional 447,102 shares during the last quarter. Buckingham Capital Management Inc. raised its position in J B Hunt Transport Services by 28.7% in the 2nd quarter. Buckingham Capital Management Inc. now owns 8,845 shares of the transportation company’s stock valued at $1,075,000 after purchasing an additional 1,975 shares during the last quarter. Trexquant Investment LP bought a new position in J B Hunt Transport Services in the 2nd quarter valued at $1,286,000. Morgan Stanley raised its position in J B Hunt Transport Services by 121.8% in the 2nd quarter. Morgan Stanley now owns 505,965 shares of the transportation company’s stock valued at $61,502,000 after purchasing an additional 277,862 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in J B Hunt Transport Services by 58.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,698 shares of the transportation company’s stock valued at $2,030,000 after purchasing an additional 6,177 shares during the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

Several equities analysts have issued reports on the company. ValuEngine upgraded J B Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. BidaskClub upgraded J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Citigroup lifted their price objective on J B Hunt Transport Services from $122.00 to $133.00 and gave the company a “neutral” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research report on Tuesday, September 18th. Finally, Credit Suisse Group lifted their price objective on J B Hunt Transport Services from $140.00 to $143.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $129.29.

In other news, EVP Terrence D. Matthews sold 5,163 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $122.11, for a total transaction of $630,453.93. Following the completion of the sale, the executive vice president now owns 23,810 shares in the company, valued at $2,907,439.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.

JBHT stock opened at $110.61 on Thursday. The firm has a market cap of $11.98 billion, a PE ratio of 29.57, a PEG ratio of 1.69 and a beta of 0.93. J B Hunt Transport Services Inc has a twelve month low of $100.78 and a twelve month high of $131.74. The company has a quick ratio of 1.13, a current ratio of 1.11 and a debt-to-equity ratio of 0.39.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, October 15th. The transportation company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.07. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. J B Hunt Transport Services had a return on equity of 27.71% and a net margin of 9.49%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. On average, equities research analysts predict that J B Hunt Transport Services Inc will post 5.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Friday, November 9th will be given a dividend of $0.24 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.87%. J B Hunt Transport Services’s payout ratio is currently 25.67%.

J B Hunt Transport Services Company 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 through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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

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