J B Hunt Transport Services Inc (NASDAQ:JBHT) Shares Obtained by Schroder Investment Management Group

J B Hunt Transport Services Inc (NASDAQ:JBHT) Shares Obtained by Schroder Investment Management Group

Schroder Investment Management Group lifted its position in J B Hunt Transport Services Inc (NASDAQ:JBHT) by 50.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 165,911 shares of the transportation company’s stock after purchasing an additional 55,867 shares during the period. Schroder Investment Management Group owned about 0.15% of J B Hunt Transport Services worth $20,115,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of J B Hunt Transport Services by 55.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,250,182 shares of the transportation company’s stock worth $151,960,000 after purchasing an additional 447,102 shares during the last quarter. Buckingham Capital Management Inc. increased its holdings in J B Hunt Transport Services by 28.7% in the 2nd quarter. Buckingham Capital Management Inc. now owns 8,845 shares of the transportation company’s stock worth $1,075,000 after buying an additional 1,975 shares in the last quarter. Trexquant Investment LP bought a new stake in J B Hunt Transport Services in the 2nd quarter worth about $1,286,000. Raymond James Financial Services Advisors Inc. increased its holdings in J B Hunt Transport Services by 58.7% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 16,698 shares of the transportation company’s stock worth $2,030,000 after buying an additional 6,177 shares in the last quarter. Finally, Swiss National Bank increased its holdings in J B Hunt Transport Services by 3.1% in the 2nd quarter. Swiss National Bank now owns 290,458 shares of the transportation company’s stock worth $35,305,000 after buying an additional 8,800 shares in the last quarter. Hedge funds and other institutional investors own 73.42% of the company’s stock.

NASDAQ:JBHT opened at $118.17 on Wednesday. The firm has a market cap of $13.01 billion, a P/E ratio of 32.22, a P/E/G ratio of 1.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.13 and a current ratio of 1.13. J B Hunt Transport Services Inc has a fifty-two week low of $100.25 and a fifty-two week high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, July 16th. The transportation company reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.09. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.05 billion. J B Hunt Transport Services had a return on equity of 26.63% and a net margin of 9.54%. J B Hunt Transport Services’s quarterly revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. Sell-side analysts forecast that J B Hunt Transport Services Inc will post 5.4 EPS for the current year.

A number of equities research analysts have issued reports on the company. Cleveland Research assumed coverage on J B Hunt Transport Services in a research note on Friday, October 5th. They set a “neutral” rating for the company. Edward Jones downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Zacks Investment Research downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Deutsche Bank cut their price objective on J B Hunt Transport Services from $138.00 to $134.00 and set a “buy” rating for the company in a research note on Thursday, September 27th. Finally, ValuEngine downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Friday, September 21st. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $129.47.

In other news, CFO David G. Mee sold 6,126 shares of the stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $121.47, for a total transaction of $744,125.22. Following the transaction, the chief financial officer now owns 110,500 shares of the company’s stock, valued at approximately $13,422,435. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Eric Mcgee sold 1,735 shares of the company’s stock in a transaction on Friday, July 20th. The stock was sold at an average price of $121.49, for a total value of $210,785.15. Following the sale, the executive vice president now owns 953 shares of the company’s stock, valued at $115,779.97. The disclosure for this sale can be found here. Insiders sold a total of 38,018 shares of company stock worth $4,630,817 in the last ninety days. 4.20% of the stock is currently owned by corporate insiders.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

Featured Story: How is an ETF different from a mutual fund?

Related posts

Leave a Comment