Neuberger Berman Group LLC Lowers Stake in J.B. Hunt Transport Services, Inc. (JBHT)

Neuberger Berman Group LLC cut its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,203,440 shares of the transportation company’s stock after selling 84,004 shares during the period. Neuberger Berman Group LLC owned 1.10% of J.B. Hunt Transport Services worth $133,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in JBHT. Sustainable Growth Advisers LP purchased a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $147,610,000. Bank of New York Mellon Corp lifted its holdings in shares of J.B. Hunt Transport Services by 25.0% during the second quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock worth $242,640,000 after purchasing an additional 531,089 shares during the period. Atlanta Capital Management Co. L L C lifted its holdings in shares of J.B. Hunt Transport Services by 15.4% during the second quarter. Atlanta Capital Management Co. L L C now owns 3,568,728 shares of the transportation company’s stock worth $326,110,000 after purchasing an additional 477,144 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of J.B. Hunt Transport Services by 65.4% during the second quarter. Renaissance Technologies LLC now owns 1,034,544 shares of the transportation company’s stock worth $94,537,000 after purchasing an additional 409,200 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in J.B. Hunt Transport Services by 121.1% in the second quarter. Janus Henderson Group PLC now owns 626,522 shares of the transportation company’s stock valued at $57,252,000 after acquiring an additional 343,147 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

JBHT has been the subject of a number of recent analyst reports. UBS raised J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and raised their target price for the company from $115.00 to $126.00 in a report on Monday, October 23rd. Credit Suisse Group reissued a “buy” rating and issued a $114.00 target price (up previously from $100.00) on shares of J.B. Hunt Transport Services in a report on Thursday, October 12th. They noted that the move was a valuation call. Loop Capital reissued a “buy” rating and issued a $116.00 target price (up previously from $103.00) on shares of J.B. Hunt Transport Services in a report on Wednesday, October 4th. Robert W. Baird reissued a “hold” rating and issued a $112.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, October 6th. Finally, Zacks Investment Research raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Tuesday, September 19th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $110.00.

Shares of J.B. Hunt Transport Services, Inc. (JBHT) opened at $111.39 on Friday. The company has a market capitalization of $12,290.00, a PE ratio of 30.23, a P/E/G ratio of 2.27 and a beta of 1.05. J.B. Hunt Transport Services, Inc. has a 52-week low of $83.35 and a 52-week high of $112.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.48 and a current ratio of 1.48.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Friday, October 13th. The transportation company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.05). The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 EPS. analysts expect that J.B. Hunt Transport Services, Inc. will post 3.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Thursday, November 2nd. J.B. Hunt Transport Services’s dividend payout ratio is currently 24.53%.

In other news, EVP Bradley W. Hicks sold 1,000 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $110.33, for a total value of $110,330.00. Following the transaction, the executive vice president now directly owns 16,690 shares of the company’s stock, valued at approximately $1,841,407.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Kuhlow sold 500 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $112.55, for a total value of $56,275.00. Following the completion of the transaction, the senior vice president now directly owns 3,499 shares in the company, valued at $393,812.45. The disclosure for this sale can be found here. Insiders sold a total of 101,500 shares of company stock worth $11,095,605 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

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J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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