Great West Life Assurance Co. Can Has $11.76 Million Position in J.B. Hunt Transport Services, Inc. (JBHT)

Great West Life Assurance Co. Can increased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 104.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,710 shares of the transportation company’s stock after buying an additional 65,876 shares during the period. Great West Life Assurance Co. Can owned approximately 0.12% of J.B. Hunt Transport Services worth $11,757,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of J.B. Hunt Transport Services by 3.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock worth $119,000 after buying an additional 43 shares during the period. Farmers & Merchants Investments Inc. increased its stake in shares of J.B. Hunt Transport Services by 1.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock worth $130,000 after buying an additional 20 shares during the period. Van ECK Associates Corp increased its stake in shares of J.B. Hunt Transport Services by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock worth $135,000 after buying an additional 95 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth about $173,000. Finally, Global X Management Co. LLC increased its stake in shares of J.B. Hunt Transport Services by 28.9% in the first quarter. Global X Management Co. LLC now owns 1,952 shares of the transportation company’s stock worth $179,000 after buying an additional 438 shares during the period. Hedge funds and other institutional investors own 73.14% of the company’s stock.

Shares of J.B. Hunt Transport Services, Inc. (NASDAQ JBHT) traded down 0.27% on Friday, hitting $96.63. The stock had a trading volume of 988,850 shares. The stock has a market cap of $10.57 billion, a PE ratio of 25.35 and a beta of 0.94. J.B. Hunt Transport Services, Inc. has a 12 month low of $76.20 and a 12 month high of $102.38. The company has a 50 day moving average price of $92.51 and a 200-day moving average price of $91.93.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, July 17th. The transportation company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.92 by $0.04. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.74 billion. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. On average, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post $3.88 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, August 3rd. J.B. Hunt Transport Services’s payout ratio is currently 24.08%.

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A number of equities research analysts recently issued reports on the company. BidaskClub upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $91.00 price objective on shares of J.B. Hunt Transport Services in a research report on Sunday, July 23rd. Loop Capital reiterated a “buy” rating and issued a $103.00 price objective (down previously from $105.00) on shares of J.B. Hunt Transport Services in a research report on Saturday, July 22nd. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $105.00 price objective (up previously from $100.00) on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 18th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $98.73.

In other news, insider John N. Roberts sold 7,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $91.25, for a total transaction of $638,750.00. Following the sale, the insider now directly owns 267,377 shares in the company, valued at approximately $24,398,151.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bradley W. Hicks sold 1,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $94.73, for a total transaction of $94,730.00. Following the sale, the executive vice president now owns 18,690 shares in the company, valued at $1,770,503.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,148 shares of company stock worth $3,433,555. Corporate insiders own 4.30% 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.

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

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