Tokio Marine Asset Management Co. Ltd. Boosts Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Tokio Marine Asset Management Co. Ltd. raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,518 shares of the transportation company’s stock after buying an additional 128 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in J.B. Hunt Transport Services were worth $434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of J.B. Hunt Transport Services by 18.3% in the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 60 shares during the period. Huntington National Bank grew its position in shares of J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after buying an additional 61 shares in the last quarter. Greenleaf Trust increased its stake in shares of J.B. Hunt Transport Services by 4.0% during the third quarter. Greenleaf Trust now owns 1,599 shares of the transportation company’s stock valued at $276,000 after buying an additional 62 shares during the period. Studio Investment Management LLC raised its holdings in shares of J.B. Hunt Transport Services by 6.6% in the second quarter. Studio Investment Management LLC now owns 1,013 shares of the transportation company’s stock valued at $162,000 after acquiring an additional 63 shares in the last quarter. Finally, New Century Financial Group LLC lifted its stake in J.B. Hunt Transport Services by 3.9% in the third quarter. New Century Financial Group LLC now owns 1,725 shares of the transportation company’s stock worth $297,000 after acquiring an additional 64 shares during the period. 74.95% of the stock is currently owned by institutional investors.

Insider Activity at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,563,579.45. This trade represents a 16.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,314 shares of company stock worth $1,534,052 over the last three months. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

JBHT has been the topic of a number of research reports. Bank of America raised their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Stifel Nicolaus upped their target price on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Barclays lifted their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a report on Wednesday. Susquehanna upped their price objective on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Finally, Stephens reiterated an “overweight” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $190.11.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT opened at $182.35 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50-day moving average of $175.60 and a two-hundred day moving average of $168.27. The stock has a market cap of $18.39 billion, a P/E ratio of 33.15, a P/E/G ratio of 3.23 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same quarter in the prior year, the firm earned $1.80 earnings per share. As a group, research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.94%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 31.27%.

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.