Mitsubishi UFJ Asset Management Co. Ltd. Invests $53.13 Million in J.B. Hunt Transport Services, Inc. $JBHT

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 183,583 shares of the transportation company’s stock, valued at approximately $53,134,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of J.B. Hunt Transport Services at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of JBHT. CYBER HORNET ETFs LLC bought a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $31,000. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth $32,000. MUFG Securities EMEA plc acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth $34,000. CIBC Private Wealth Group LLC grew its stake in shares of J.B. Hunt Transport Services by 34.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 188 shares of the transportation company’s stock worth $37,000 after purchasing an additional 48 shares during the period. Finally, Activest Wealth Management grew its stake in shares of J.B. Hunt Transport Services by 19,800.0% during the fourth quarter. Activest Wealth Management now owns 199 shares of the transportation company’s stock worth $39,000 after purchasing an additional 198 shares during the period. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Stock Down 0.6%

Shares of JBHT stock opened at $272.42 on Thursday. J.B. Hunt Transport Services, Inc. has a 12-month low of $130.12 and a 12-month high of $299.76. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $279.15 and a 200-day moving average of $250.45. The company has a market capitalization of $25.59 billion, a price-to-earnings ratio of 38.59, a P/E/G ratio of 1.72 and a beta of 1.30.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.71 by $0.20. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.26 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 18.75%. The firm’s revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 EPS. As a group, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 7.75 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 25.50%.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP David Keefauver sold 703 shares of the stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $285.13, for a total transaction of $200,446.39. Following the completion of the transaction, the executive vice president directly owned 790 shares in the company, valued at approximately $225,252.70. This trade represents a 47.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian Webb sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $284.01, for a total value of $426,015.00. Following the completion of the sale, the executive vice president directly owned 15,881 shares in the company, valued at approximately $4,510,362.81. This represents a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings raised J.B. Hunt Transport Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Robert W. Baird boosted their target price on J.B. Hunt Transport Services from $290.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of J.B. Hunt Transport Services in a research note on Thursday, July 16th. Morgan Stanley reiterated an “underweight” rating and issued a $200.00 price target (up from $190.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 6th. Finally, Benchmark lifted their price objective on shares of J.B. Hunt Transport Services from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of “Moderate Buy” and an average price target of $286.30.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc is a leading provider of transportation and logistics solutions headquartered in Lowell, Arkansas. The company offers a comprehensive suite of services designed to move freight efficiently across North America, including intermodal, dedicated contract services, full truckload, less-than-truckload (LTL), final mile delivery and specialized transport.

In its intermodal segment, J.B. Hunt leverages a network of rail and truck assets to transport containers and trailers on major U.S.