Robeco Institutional Asset Management B.V. Purchases 12,237 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Robeco Institutional Asset Management B.V. raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 8.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 149,224 shares of the transportation company’s stock after buying an additional 12,237 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in J.B. Hunt Transport Services were worth $33,434,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its position in shares of J.B. Hunt Transport Services by 17.9% during the second quarter. Parkside Financial Bank & Trust now owns 250 shares of the transportation company’s stock worth $72,000 after acquiring an additional 38 shares during the last quarter. Summitry LLC lifted its stake in shares of J.B. Hunt Transport Services by 2.9% during the first quarter. Summitry LLC now owns 1,560 shares of the transportation company’s stock valued at $331,000 after acquiring an additional 44 shares during the period. Keybank National Association OH lifted its stake in shares of J.B. Hunt Transport Services by 2.7% during the first quarter. Keybank National Association OH now owns 1,765 shares of the transportation company’s stock valued at $374,000 after acquiring an additional 46 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in J.B. Hunt Transport Services by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,622 shares of the transportation company’s stock valued at $1,827,000 after acquiring an additional 47 shares during the last quarter. Finally, Eastern Bank boosted its holdings in J.B. Hunt Transport Services by 6.8% in the third quarter. Eastern Bank now owns 768 shares of the transportation company’s stock valued at $172,000 after acquiring an additional 49 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Citigroup reiterated a “market outperform” rating on shares of J.B. Hunt Transport Services in a research report on Friday, October 16th. JPMorgan Chase & Co. cut their target price on shares of J.B. Hunt Transport Services from $287.00 to $283.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Sanford C. Bernstein reduced their target price on shares of J.B. Hunt Transport Services from $329.00 to $307.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 14th. UBS Group lifted their price target on shares of J.B. Hunt Transport Services from $264.00 to $273.00 and gave the stock a “neutral” rating in a research report on Friday, October 16th. Finally, Susquehanna lowered their price target on shares of J.B. Hunt Transport Services from $345.00 to $305.00 and set a “positive” rating for the company in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.76.

J.B. Hunt Transport Services Trading Up 0.9%

NASDAQ JBHT opened at $230.59 on Friday. J.B. Hunt Transport Services, Inc. has a 12 month low of $157.82 and a 12 month high of $299.76. The stock has a 50-day simple moving average of $248.09 and a 200 day simple moving average of $259.82. The company has a current ratio of 1.23, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $21.66 billion, a PE ratio of 32.39, a P/E/G ratio of 1.90 and a beta of 1.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.01. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter last year, the business earned $1.76 earnings per share. The company’s revenue was up 20.4% compared to the same quarter last year. Research analysts forecast that J.B. Hunt Transport Services, Inc. will post 7.23 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio is 25.28%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company’s principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.