Today, Neuberger Berman Group LLC Increases Stake in JB Hunt Transport Services Inc. (JBHT)

Today, Neuberger Berman Group LLC Increases Stake in JB Hunt Transport Services Inc. (JBHT)

Neuberger Berman Group LLC raised its stake in JB Hunt Transport Services Inc. (NASDAQ:JBHT) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,394,049 shares of the company’s stock after buying an additional 40,977 shares during the period. Neuberger Berman Group LLC owned about 1.24% of JB Hunt Transport Services worth $113,113,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can acquired a new position in JB Hunt Transport Services during the second quarter valued at approximately $37,659,000. Public Employees Retirement Association of Colorado increased its position in JB Hunt Transport Services by 21.4% in the second quarter. Public Employees Retirement Association of Colorado now owns 171,169 shares of the company’s stock valued at $13,853,000 after buying an additional 30,159 shares during the period. Trillium Asset Management LLC increased its position in JB Hunt Transport Services by 1.1% in the second quarter. Trillium Asset Management LLC now owns 170,672 shares of the company’s stock valued at $13,812,000 after buying an additional 1,912 shares during the period. Ngam Advisors L.P. increased its position in JB Hunt Transport Services by 4.6% in the second quarter. Ngam Advisors L.P. now owns 153,450 shares of the company’s stock valued at $12,419,000 after buying an additional 6,760 shares during the period. Finally, First Republic Investment Management Inc. increased its position in JB Hunt Transport Services by 27.7% in the first quarter. First Republic Investment Management Inc. now owns 7,949 shares of the company’s stock valued at $670,000 after buying an additional 1,726 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

Shares of JB Hunt Transport Services Inc. (NASDAQ:JBHT) opened at 93.94 on Friday. The stock has a market capitalization of $10.54 billion, a PE ratio of 24.83 and a beta of 0.79. JB Hunt Transport Services Inc. has a one year low of $63.58 and a one year high of $94.11. The stock has a 50 day moving average of $83.99 and a 200-day moving average of $82.05.

JB Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Monday, October 17th. The company reported $0.97 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by $0.06. JB Hunt Transport Services had a net margin of 6.68% and a return on equity of 32.24%. The business earned $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the business posted $0.99 EPS. The business’s revenue was up 6.6% on a year-over-year basis. Equities analysts predict that JB Hunt Transport Services Inc. will post $3.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Friday, November 4th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Wednesday, November 2nd. JB Hunt Transport Services’s dividend payout ratio is presently 23.28%.

JBHT has been the subject of several research reports. Zacks Investment Research downgraded shares of JB Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Monday, October 3rd. KeyCorp restated a “buy” rating and issued a $92.00 price target on shares of JB Hunt Transport Services in a research note on Sunday, October 9th. Deutsche Bank AG initiated coverage on shares of JB Hunt Transport Services in a research note on Wednesday, November 2nd. They set a “hold” rating and a $85.00 target price for the company. Barclays PLC lowered their target price on shares of JB Hunt Transport Services from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, September 12th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $85.00 target price on shares of JB Hunt Transport Services in a research note on Friday, October 21st. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $92.06.

In other news, Chairman James K. Thompson sold 5,400 shares of the firm’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $79.52, for a total value of $429,408.00. Following the transaction, the chairman now owns 60,346 shares of the company’s stock, valued at approximately $4,798,713.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.50% of the stock is currently owned by insiders.

About JB Hunt Transport Services

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