GAM Holding AG Buys 1,903 Shares of J B Hunt Transport Services Inc (NASDAQ:JBHT)

GAM Holding AG lifted its stake in shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) by 53.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,447 shares of the transportation company’s stock after acquiring an additional 1,903 shares during the quarter. GAM Holding AG’s holdings in J B Hunt Transport Services were worth $552,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. FTB Advisors Inc. bought a new position in J B Hunt Transport Services in the 1st quarter worth approximately $25,000. Parallel Advisors LLC boosted its stake in J B Hunt Transport Services by 72.6% in the 4th quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock worth $28,000 after purchasing an additional 127 shares during the period. Somerset Trust Co boosted its stake in J B Hunt Transport Services by 169.1% in the 1st quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock worth $30,000 after purchasing an additional 186 shares during the period. CSat Investment Advisory L.P. boosted its stake in J B Hunt Transport Services by 116.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock worth $31,000 after purchasing an additional 181 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in J B Hunt Transport Services by 56.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 351 shares of the transportation company’s stock worth $36,000 after purchasing an additional 126 shares during the period. Institutional investors own 73.01% of the company’s stock.

NASDAQ JBHT opened at $88.71 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.58. The company has a market cap of $9.56 billion, a PE ratio of 15.65, a PEG ratio of 1.03 and a beta of 1.10. J B Hunt Transport Services Inc has a one year low of $83.64 and a one year high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16). The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.17 billion. J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.07 earnings per share. On average, sell-side analysts expect that J B Hunt Transport Services Inc will post 5.7 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were given a dividend of $0.26 per share. The ex-dividend date was Thursday, May 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.17%. J B Hunt Transport Services’s dividend payout ratio is currently 18.34%.

Several research analysts have weighed in on JBHT shares. BidaskClub downgraded J B Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. BMO Capital Markets dropped their price target on J B Hunt Transport Services from $110.00 to $106.00 and set a “market perform” rating for the company in a research note on Tuesday, April 16th. Morgan Stanley dropped their price target on J B Hunt Transport Services from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 16th. ValuEngine downgraded J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Zacks Investment Research downgraded J B Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $114.39.

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

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J B Hunt Transport Services Company 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).

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

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