Perpetual Ltd Has $728,000 Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Perpetual Ltd lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 64.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,268 shares of the transportation company’s stock after purchasing an additional 1,670 shares during the quarter. Perpetual Ltd’s holdings in J.B. Hunt Transport Services were worth $728,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JBHT. Paloma Partners Management Co raised its holdings in shares of J.B. Hunt Transport Services by 14,254.9% in the 3rd quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company’s stock worth $32,035,000 after acquiring an additional 184,601 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in J.B. Hunt Transport Services by 2,384.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company’s stock worth $25,297,000 after purchasing an additional 149,815 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of J.B. Hunt Transport Services by 155.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company’s stock worth $37,689,000 after purchasing an additional 134,476 shares during the last quarter. AQR Capital Management LLC lifted its holdings 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 in the last quarter. Finally, Parnassus Investments LLC boosted its position in shares of J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company’s stock valued at $129,765,000 after buying an additional 93,213 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on JBHT. JPMorgan Chase & Co. lowered their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company lowered their target price on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Benchmark restated a “buy” rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Citigroup decreased their price objective on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Finally, Stephens restated an “overweight” rating and issued a $205.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.11.

Insider Transactions at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee sold 145 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares of the company’s stock, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Shelley Simpson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the transaction, the chief executive officer now directly owns 82,264 shares of the company’s stock, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,459 shares of company stock valued at $2,136,277 over the last three months. Company insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT opened at $174.90 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company has a market cap of $17.64 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The firm’s 50-day simple moving average is $178.93 and its two-hundred day simple moving average is $174.27.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 earnings per share. Research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.83 earnings per share for the current year.

J.B. Hunt Transport Services 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.