Horizon Investments LLC Takes Position in JB Hunt Transport Services Inc (NASDAQ:JBHT)

Two Sigma Investments LP raised its position in shares of J B Hunt Transport Services by 202.1% during the 4th quarter. Two Sigma Investments LP …

J B Hunt Transport Services logoHorizon Investments LLC acquired a new stake in J B Hunt Transport Services Inc (NASDAQ:JBHT) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,973 shares of the transportation company’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JBHT. Norges Bank acquired a new stake in shares of J B Hunt Transport Services during the 4th quarter valued at approximately $70,673,000. Two Sigma Investments LP raised its position in shares of J B Hunt Transport Services by 202.1% during the 4th quarter. Two Sigma Investments LP now owns 601,818 shares of the transportation company’s stock worth $55,993,000 after purchasing an additional 402,618 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of J B Hunt Transport Services by 198.6% during the 4th quarter. Two Sigma Advisers LP now owns 594,025 shares of the transportation company’s stock worth $55,268,000 after purchasing an additional 395,100 shares during the last quarter. Deutsche Bank AG raised its position in shares of J B Hunt Transport Services by 90.4% during the 4th quarter. Deutsche Bank AG now owns 753,177 shares of the transportation company’s stock worth $70,072,000 after purchasing an additional 357,539 shares during the last quarter. Finally, State of Tennessee Treasury Department raised its position in shares of J B Hunt Transport Services by 702.1% during the 1st quarter. State of Tennessee Treasury Department now owns 277,465 shares of the transportation company’s stock worth $28,104,000 after purchasing an additional 242,873 shares during the last quarter. 72.94% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on JBHT shares. Barclays cut their price objective on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, April 4th. Cowen reiterated a “market perform” rating and issued a $112.00 price target (down from $122.00) on shares of J B Hunt Transport Services in a report on Tuesday, April 16th. Morgan Stanley set a $36.00 price target on ArcBest and gave the company a “hold” rating in a report on Monday, July 8th. BidaskClub downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday. Finally, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $109.00.

J B Hunt Transport Services stock traded up $5.18 during trading on Friday, reaching $92.94. 1,491,747 shares of the company’s stock were exchanged, compared to its average volume of 888,896. The business’s 50-day simple moving average is $89.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.44. J B Hunt Transport Services Inc has a 52-week low of $83.64 and a 52-week high of $129.98. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 1.11 and a beta of 1.11.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16). J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the company posted $1.07 earnings per share. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts anticipate that J B Hunt Transport Services Inc will post 5.55 EPS for the current fiscal year.

In related news, insider John N. Roberts bought 2,319 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $86.23 per share, for a total transaction of $199,967.37. Following the purchase, the insider now owns 288,739 shares in the company, valued at approximately $24,897,963.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gary Charles George bought 5,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was bought at an average price of $94.52 per share, for a total transaction of $472,600.00. Following the purchase, the director now owns 43,369 shares in the company, valued at approximately $4,099,237.88. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

J B Hunt Transport Services Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

Further Reading: Calculate Your Return on Investment (ROI)

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

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