Assenagon Asset Management S.A. Has $37.69 Million Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Assenagon Asset Management S.A. increased its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 155.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 220,840 shares of the transportation company’s stock after buying an additional 134,476 shares during the period. Assenagon Asset Management S.A.’s holdings in J.B. Hunt Transport Services were worth $37,689,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of JBHT. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter worth $26,000. True Wealth Design LLC increased its stake in J.B. Hunt Transport Services by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 142 shares during the period. Cromwell Holdings LLC grew its stake in shares of J.B. Hunt Transport Services by 47.2% in the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 76 shares during the period. Versant Capital Management Inc raised its stake in J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company’s stock worth $48,000 after acquiring an additional 142 shares in the last quarter. Finally, Huntington National Bank increased its position in shares of J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company’s stock worth $59,000 after purchasing an additional 61 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

JBHT opened at $186.34 on Friday. The business’s 50-day simple moving average is $180.51 and its 200 day simple moving average is $173.67. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $18.79 billion, a PE ratio of 33.88, a PEG ratio of 2.94 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company earned $1.47 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. As a group, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 5.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Spencer Frazier sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,459 shares of company stock valued at $2,136,277. 2.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on JBHT shares. Stifel Nicolaus cut their price objective on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating for the company in a research report on Wednesday. The Goldman Sachs Group reduced their price objective on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Raymond James boosted their target price on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Barclays upped their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, Bank of America raised their target price on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $192.33.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.