Mitsubishi UFJ Asset Management Co. Ltd. Purchases 17,132 Shares of J.B. Hunt Transport Services, Inc. $JBHT

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 11.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 166,332 shares of the transportation company’s stock after buying an additional 17,132 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in J.B. Hunt Transport Services were worth $32,731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. State Street Corp lifted its position in shares of J.B. Hunt Transport Services by 7.1% during the 2nd quarter. State Street Corp now owns 4,122,669 shares of the transportation company’s stock worth $592,015,000 after buying an additional 272,594 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of J.B. Hunt Transport Services by 77.2% during the 3rd quarter. AQR Capital Management LLC now owns 3,189,566 shares of the transportation company’s stock worth $426,126,000 after buying an additional 1,389,723 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of J.B. Hunt Transport Services by 18.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,672,060 shares of the transportation company’s stock worth $358,510,000 after buying an additional 416,167 shares in the last quarter. Invesco Ltd. lifted its position in shares of J.B. Hunt Transport Services by 5.4% during the 3rd quarter. Invesco Ltd. now owns 1,612,262 shares of the transportation company’s stock worth $216,317,000 after buying an additional 82,939 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of J.B. Hunt Transport Services by 47.1% during the 3rd quarter. UBS Group AG now owns 824,688 shares of the transportation company’s stock worth $110,648,000 after buying an additional 263,965 shares in the last quarter. Institutional investors own 74.95% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jennifer Boattini sold 2,238 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $232.00, for a total value of $519,216.00. Following the completion of the transaction, the senior vice president directly owned 16,650 shares in the company, valued at approximately $3,862,800. The trade was a 11.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James K. Thompson sold 1,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $254.28, for a total transaction of $254,280.00. Following the completion of the transaction, the director owned 19,559 shares of the company’s stock, valued at $4,973,462.52. This trade represents a 4.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,510 shares of company stock worth $1,092,450. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on JBHT shares. Barclays lifted their price target on shares of J.B. Hunt Transport Services from $200.00 to $235.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. Benchmark lifted their price target on shares of J.B. Hunt Transport Services from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Robert W. Baird lifted their price target on shares of J.B. Hunt Transport Services from $215.00 to $236.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Truist Financial lifted their price target on shares of J.B. Hunt Transport Services from $205.00 to $230.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Finally, Morgan Stanley lifted their price target on shares of J.B. Hunt Transport Services from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $227.04.

J.B. Hunt Transport Services Stock Up 1.3%

JBHT opened at $245.40 on Friday. The company has a fifty day moving average price of $224.25 and a 200-day moving average price of $204.34. The firm has a market capitalization of $23.14 billion, a P/E ratio of 37.99, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. J.B. Hunt Transport Services, Inc. has a one year low of $130.12 and a one year high of $256.18.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Wednesday, April 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.04. The firm had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. J.B. Hunt Transport Services had a net margin of 5.13% and a return on equity of 17.30%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 EPS. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 7.27 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Friday, May 8th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, May 8th. J.B. Hunt Transport Services’s payout ratio is 27.86%.

J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.