Assenagon Asset Management S.A. raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 155.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 220,840 shares of the transportation company's stock after purchasing an additional 134,476 shares during the period. Assenagon Asset Management S.A. owned about 0.22% of J.B. Hunt Transport Services worth $37,689,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Pallas Capital Advisors LLC grew its position in shares of J.B. Hunt Transport Services by 7.4% in the fourth quarter. Pallas Capital Advisors LLC now owns 2,191 shares of the transportation company's stock valued at $374,000 after purchasing an additional 151 shares during the last quarter. Abound Wealth Management lifted its stake in J.B. Hunt Transport Services by 145,850.0% in the 4th quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock valued at $498,000 after buying an additional 2,917 shares in the last quarter. Czech National Bank grew its holdings in J.B. Hunt Transport Services by 5.2% during the 4th quarter. Czech National Bank now owns 17,271 shares of the transportation company's stock valued at $2,947,000 after buying an additional 859 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in J.B. Hunt Transport Services by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,097 shares of the transportation company's stock worth $878,000 after buying an additional 61 shares in the last quarter. Finally, Fulton Bank N.A. acquired a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth $357,000. Institutional investors and hedge funds own 74.95% of the company's stock.
Insiders Place Their Bets
In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now directly owns 700 shares of the company's stock, valued at $127,904. This represents a 17.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin Bracy sold 1,614 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the sale, the senior vice president now owns 8,235 shares of the company's stock, valued at $1,563,579.45. This represents a 16.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock worth $2,136,277 in the last 90 days. 2.10% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of analysts recently commented on JBHT shares. Susquehanna raised J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price objective on the stock in a research note on Friday, January 3rd. Loop Capital lifted their price target on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Benchmark restated a "buy" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday. Citigroup lowered their price target on J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating for the company in a report on Friday. Finally, TD Cowen decreased their target price on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $191.67.
Read Our Latest Stock Report on J.B. Hunt Transport Services
J.B. Hunt Transport Services Stock Down 7.4 %
J.B. Hunt Transport Services stock traded down $13.75 during trading on Friday, reaching $172.45. 3,299,167 shares of the company's stock were exchanged, compared to its average volume of 1,046,942. The company's 50-day moving average is $180.47 and its two-hundred day moving average is $173.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The firm has a market cap of $17.39 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.94 and a beta of 1.16.
J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. J.B. Hunt Transport Services's quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.47 EPS. On average, analysts predict that J.B. Hunt Transport Services, Inc. will post 5.67 earnings per share for the current year.
About J.B. Hunt Transport Services
(
Free Report)
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.
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