Bright Rock Capital Management LLC Continues to Hold Stake in J B Hunt Transport Services Inc (JBHT)

Bright Rock Capital Management LLC continued to hold its position in J B Hunt Transport Services Inc (NASDAQ:JBHT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,100 shares of the transportation company’s stock at the end of the first quarter. Bright Rock Capital Management LLC’s holdings in J B Hunt Transport Services were worth $1,294,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Global X Management Co. LLC boosted its position in J B Hunt Transport Services by 89.9% in the third quarter. Global X Management Co. LLC now owns 1,390 shares of the transportation company’s stock valued at $113,000 after buying an additional 658 shares during the period. Van ECK Associates Corp boosted its position in J B Hunt Transport Services by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 1,373 shares of the transportation company’s stock valued at $133,000 after buying an additional 75 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in J B Hunt Transport Services by 137.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,900 shares of the transportation company’s stock valued at $154,000 after buying an additional 1,100 shares during the period. SRB Corp boosted its position in J B Hunt Transport Services by 9.7% in the third quarter. SRB Corp now owns 1,912 shares of the transportation company’s stock valued at $155,000 after buying an additional 169 shares during the period. Finally, Fred Alger Management Inc. acquired a new position in J B Hunt Transport Services during the fourth quarter valued at about $194,000. 71.47% of the stock is currently owned by institutional investors and hedge funds.

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

J B Hunt Transport Services Inc (NASDAQ:JBHT) traded up 0.96% during trading on Thursday, hitting $89.77. The stock had a trading volume of 1,240,776 shares. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 23.56 and a beta of 0.81. J B Hunt Transport Services Inc has a 12 month low of $75.71 and a 12 month high of $102.38. The firm has a 50 day moving average of $93.08 and a 200-day moving average of $92.71. J B Hunt Transport Services also was the target of unusually large options trading activity on Monday. Stock investors acquired 7,200 put options on the company. This represents an increase of approximately 1,993% compared to the typical volume of 344 put options.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Monday, April 17th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.06. The business earned $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. J B Hunt Transport Services had a net margin of 6.60% and a return on equity of 30.96%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Equities analysts predict that J B Hunt Transport Services Inc will post $4.02 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Shareholders of record on Friday, May 5th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.02%. J B Hunt Transport Services’s dividend payout ratio (DPR) is currently 24.08%.

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Several research firms recently issued reports on JBHT. Deutsche Bank AG reaffirmed a “hold” rating and issued a $90.00 price objective (down from $110.00) on shares of J B Hunt Transport Services in a research report on Wednesday. Credit Suisse Group AG upped their price objective on J B Hunt Transport Services from $92.00 to $102.00 and gave the company an “outperform” rating in a research report on Friday, January 20th. Vertical Research began coverage on J B Hunt Transport Services in a research report on Thursday, April 13th. They issued a “hold” rating and a $92.00 price objective on the stock. Barclays PLC cut J B Hunt Transport Services from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $90.00 to $97.00 in a research report on Monday, January 9th. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $101.00 price objective (down from $102.00) on shares of J B Hunt Transport Services in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. J B Hunt Transport Services presently has a consensus rating of “Buy” and an average price target of $94.67.

In other news, SVP John Kuhlow sold 500 shares of the business’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $96.68, for a total transaction of $48,340.00. Following the completion of the sale, the senior vice president now owns 3,999 shares of the company’s stock, valued at $386,623.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.50% of the company’s stock.

J B Hunt Transport Services Company 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.

5 Day Chart for NASDAQ:JBHT

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