Rockefeller Capital Management L.P. Acquires 14,640 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Rockefeller Capital Management L.P. lifted its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 455.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,855 shares of the transportation company’s stock after acquiring an additional 14,640 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in J.B. Hunt Transport Services were worth $2,909,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in J.B. Hunt Transport Services by 0.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,561,517 shares of the transportation company’s stock valued at $1,607,004,000 after buying an additional 56,726 shares in the last quarter. BlackRock Inc. lifted its holdings in J.B. Hunt Transport Services by 3.3% during the 1st quarter. BlackRock Inc. now owns 6,494,054 shares of the transportation company’s stock valued at $1,091,456,000 after buying an additional 206,246 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in J.B. Hunt Transport Services by 70.4% during the 1st quarter. Janus Henderson Group PLC now owns 3,535,158 shares of the transportation company’s stock valued at $594,155,000 after buying an additional 1,460,352 shares in the last quarter. Geode Capital Management LLC lifted its holdings in J.B. Hunt Transport Services by 2.5% during the 1st quarter. Geode Capital Management LLC now owns 1,475,328 shares of the transportation company’s stock valued at $247,330,000 after buying an additional 35,556 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in J.B. Hunt Transport Services by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 993,443 shares of the transportation company’s stock valued at $166,969,000 after purchasing an additional 4,103 shares during the period. Hedge funds and other institutional investors own 72.73% of the company’s stock.

JBHT opened at $168.72 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a fifty day moving average price of $171.35 and a 200 day moving average price of $168.17. J.B. Hunt Transport Services, Inc. has a 1 year low of $119.22 and a 1 year high of $184.38. The stock has a market cap of $17.75 billion, a P/E ratio of 30.13, a P/E/G ratio of 1.73 and a beta of 1.02.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Sunday, July 18th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.06. J.B. Hunt Transport Services had a net margin of 5.57% and a return on equity of 22.56%. The firm had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the business posted $1.14 EPS. The business’s revenue was up 35.6% compared to the same quarter last year. Equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.69 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Friday, August 6th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.71%. The ex-dividend date was Thursday, August 5th. J.B. Hunt Transport Services’s payout ratio is presently 25.32%.

In other news, EVP Eric Mcgee sold 1,300 shares of the company’s stock in a transaction on Monday, July 26th. The shares were sold at an average price of $165.53, for a total transaction of $215,189.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradley W. Hicks sold 500 shares of the company’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $179.19, for a total transaction of $89,595.00. The disclosure for this sale can be found here. In the last three months, insiders sold 3,557 shares of company stock valued at $626,912. 3.30% of the stock is owned by insiders.

JBHT has been the topic of a number of research reports. Barclays raised their target price on shares of J.B. Hunt Transport Services from $170.00 to $180.00 and gave the company an “equal weight” rating in a research report on Monday, June 28th. Raymond James cut their price objective on shares of J.B. Hunt Transport Services from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 20th. BMO Capital Markets lifted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 20th. Zacks Investment Research downgraded shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating and set a $176.00 price objective on the stock. in a research report on Wednesday, June 16th. Finally, Citigroup lifted their price objective on shares of J.B. Hunt Transport Services from $197.00 to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, July 14th. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $171.68.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

Further Reading: How is a management fee different from a performance fee?

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

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