Universal Beteiligungs und Servicegesellschaft mbH Increases Stock Holdings in J.B. Hunt Transport Services, Inc. $JBHT

Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,042 shares of the transportation company’s stock after purchasing an additional 1,819 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of J.B. Hunt Transport Services worth $13,074,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Summit Securities Group LLC raised its position in shares of J.B. Hunt Transport Services by 19,600.0% during the 1st quarter. Summit Securities Group LLC now owns 197 shares of the transportation company’s stock valued at $29,000 after buying an additional 196 shares during the period. Private Trust Co. NA increased its stake in J.B. Hunt Transport Services by 57.8% during the second quarter. Private Trust Co. NA now owns 202 shares of the transportation company’s stock worth $29,000 after acquiring an additional 74 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of J.B. Hunt Transport Services by 418.6% in the 2nd quarter. Assetmark Inc. now owns 223 shares of the transportation company’s stock worth $32,000 after acquiring an additional 180 shares during the last quarter. National Pension Service increased its holdings in J.B. Hunt Transport Services by 74.9% in the 1st quarter. National Pension Service now owns 306 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 131 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in J.B. Hunt Transport Services by 38.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 316 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Stock Down 1.3%

Shares of J.B. Hunt Transport Services stock opened at $159.92 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $192.46. The company has a market capitalization of $15.23 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.33 and a beta of 1.27. The company has a 50 day moving average of $151.88 and a 200 day moving average of $146.73.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.30. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a net margin of 4.75% and a return on equity of 15.16%. The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the business earned $1.49 EPS. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 7th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, November 7th. J.B. Hunt Transport Services’s dividend payout ratio is currently 30.50%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $169.00, for a total transaction of $1,098,500.00. Following the sale, the executive vice president owned 12,976 shares of the company’s stock, valued at approximately $2,192,944. This trade represents a 33.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stephens restated an “overweight” rating and set a $180.00 price target on shares of J.B. Hunt Transport Services in a research report on Thursday, October 16th. Robert W. Baird raised their target price on J.B. Hunt Transport Services from $164.00 to $173.00 and gave the company an “outperform” rating in a report on Friday, October 17th. BMO Capital Markets lifted their target price on J.B. Hunt Transport Services from $172.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Citigroup reduced their price target on shares of J.B. Hunt Transport Services from $170.00 to $163.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of J.B. Hunt Transport Services from $170.00 to $176.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and an average price target of $166.30.

About J.B. Hunt Transport Services

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.