Assenagon Asset Management S.A. Boosts Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Assenagon Asset Management S.A. grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 155.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 220,840 shares of the transportation company’s stock after purchasing an additional 134,476 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.22% of J.B. Hunt Transport Services worth $37,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JBHT. Dimensional Fund Advisors LP lifted its stake in J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company’s stock valued at $152,589,000 after buying an additional 193,684 shares during the last quarter. Paloma Partners Management Co increased its position in J.B. Hunt Transport Services by 14,254.9% during the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock worth $32,035,000 after purchasing an additional 184,601 shares during the period. Mizuho Securities USA LLC grew its holdings in J.B. Hunt Transport Services by 2,384.8% during the third quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock worth $25,297,000 after acquiring an additional 149,815 shares during the period. AQR Capital Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 282.8% in the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company’s stock valued at $27,740,000 after purchasing an additional 128,283 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter worth approximately $16,887,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the sale, the senior vice president now owns 8,235 shares in the company, valued at $1,563,579.45. This represents a 16.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,459 shares of company stock worth $2,136,277. Corporate insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

JBHT has been the subject of several recent research reports. Evercore ISI raised their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group decreased their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. TD Cowen boosted their price objective on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Loop Capital boosted their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.33.

J.B. Hunt Transport Services Stock Down 0.1 %

Shares of J.B. Hunt Transport Services stock opened at $186.34 on Friday. The company has a market capitalization of $18.79 billion, a P/E ratio of 33.88, a PEG ratio of 2.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The business’s fifty day moving average price is $180.51 and its two-hundred day moving average price is $173.67.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business earned $1.47 EPS. J.B. Hunt Transport Services’s revenue was down 4.5% compared to the same quarter last year. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.67 EPS for the current year.

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.