J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 602.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 583 shares of the transportation company’s stock after buying an additional 500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in J.B. Hunt Transport Services were worth $100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 149 shares during the period. Innealta Capital LLC bought a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at $32,000. Ashton Thomas Private Wealth LLC bought a new position in J.B. Hunt Transport Services during the second quarter valued at about $36,000. Finally, International Assets Investment Management LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth about $40,000. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT opened at $174.65 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The business’s 50-day moving average price is $169.93 and its two-hundred day moving average price is $167.70. The company has a market capitalization of $18.02 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Tuesday, July 16th. The transportation company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.19). The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.81 EPS. Analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction dated Friday, July 19th. The shares were bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the transaction, the director now directly owns 3,594 shares in the company, valued at $587,511.18. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BMO Capital Markets restated an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Tuesday, September 24th. The Goldman Sachs Group reduced their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Stifel Nicolaus dropped their price target on J.B. Hunt Transport Services from $173.00 to $151.00 and set a “hold” rating on the stock in a report on Tuesday, July 23rd. Benchmark reissued a “buy” rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. cut their target price on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of “Moderate Buy” and a consensus price target of $183.50.

J.B. Hunt Transport Services Company Profile

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.