J.B. Hunt Transport Services, Inc. (JBHT) Position Held by Westpac Banking Corp

Westpac Banking Corp maintained its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,595 shares of the transportation company’s stock at the end of the 2nd quarter. Westpac Banking Corp’s holdings in J.B. Hunt Transport Services were worth $511,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its holdings in J.B. Hunt Transport Services by 3.4% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock valued at $119,000 after acquiring an additional 43 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in J.B. Hunt Transport Services by 1.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 20 shares during the period. Van ECK Associates Corp boosted its holdings in J.B. Hunt Transport Services by 6.9% during the 1st quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 95 shares during the period. Paradigm Asset Management Co. LLC boosted its holdings in J.B. Hunt Transport Services by 3.1% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock valued at $151,000 after acquiring an additional 50 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in J.B. Hunt Transport Services during the 2nd quarter valued at about $173,000. Institutional investors own 71.60% of the company’s stock.

In related news, EVP Terrence D. Matthews sold 2,694 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $101.00, for a total value of $272,094.00. Following the transaction, the executive vice president now directly owns 21,140 shares of the company’s stock, valued at approximately $2,135,140. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman James K. Thompson sold 8,503 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $91.76, for a total value of $780,235.28. Following the completion of the transaction, the chairman now directly owns 51,846 shares in the company, valued at $4,757,388.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,052,872 shares of company stock worth $103,066,436. Insiders own 4.30% of the company’s stock.

Shares of J.B. Hunt Transport Services, Inc. (JBHT) opened at 99.82 on Friday. J.B. Hunt Transport Services, Inc. has a 52 week low of $76.20 and a 52 week high of $102.99. The firm’s 50-day moving average price is $96.10 and its 200 day moving average price is $91.92. The stock has a market capitalization of $10.92 billion, a P/E ratio of 26.19 and a beta of 0.93.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.04). The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.74 billion. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. Analysts expect that J.B. Hunt Transport Services, Inc. will post $3.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, August 3rd. J.B. Hunt Transport Services’s payout ratio is presently 24.08%.

Several equities research analysts recently weighed in on JBHT shares. Loop Capital restated a “buy” rating and set a $103.00 target price (down from $105.00) on shares of J.B. Hunt Transport Services in a report on Saturday, July 22nd. Bank of America Corporation restated a “buy” rating and set a $109.00 target price (up from $98.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 10th. Cowen and Company restated a “buy” rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a report on Friday, August 25th. Morgan Stanley restated an “equal weight” rating and set a $84.00 target price (down from $85.00) on shares of J.B. Hunt Transport Services in a report on Tuesday, July 18th. Finally, BidaskClub raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. J.B. Hunt Transport Services currently has an average rating of “Hold” and a consensus price target of $98.80.

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J.B. Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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

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