1,901 Shares in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 1,901 shares of the transportation company’s stock, valued at approximately $297,000.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in J.B. Hunt Transport Services by 7.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,579,989 shares of the transportation company’s stock valued at $1,193,621,000 after purchasing an additional 517,629 shares during the last quarter. Millennium Management LLC lifted its stake in shares of J.B. Hunt Transport Services by 116.4% in the second quarter. Millennium Management LLC now owns 775,799 shares of the transportation company’s stock worth $122,165,000 after buying an additional 417,218 shares in the last quarter. Franklin Resources Inc. boosted its position in J.B. Hunt Transport Services by 21.8% during the second quarter. Franklin Resources Inc. now owns 1,772,187 shares of the transportation company’s stock worth $279,067,000 after acquiring an additional 317,060 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in J.B. Hunt Transport Services by 91.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 565,032 shares of the transportation company’s stock valued at $88,381,000 after acquiring an additional 270,491 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in J.B. Hunt Transport Services by 2,067.3% in the 1st quarter. Lazard Asset Management LLC now owns 201,622 shares of the transportation company’s stock valued at $40,483,000 after acquiring an additional 192,319 shares during the last quarter. Institutional investors and hedge funds own 74.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP Shelley Simpson sold 7,000 shares of J.B. Hunt Transport Services stock in a transaction on Friday, November 11th. The shares were sold at an average price of $186.02, for a total transaction of $1,302,140.00. Following the sale, the executive vice president now directly owns 77,630 shares in the company, valued at approximately $14,440,732.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Spencer Frazier sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $177.16, for a total transaction of $177,160.00. Following the transaction, the executive vice president now owns 3,060 shares in the company, valued at approximately $542,109.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Shelley Simpson sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $186.02, for a total value of $1,302,140.00. Following the completion of the sale, the executive vice president now owns 77,630 shares of the company’s stock, valued at approximately $14,440,732.60. The disclosure for this sale can be found here. 3.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JBHT shares. Susquehanna upped their price target on J.B. Hunt Transport Services from $168.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday. Credit Suisse Group lifted their price target on J.B. Hunt Transport Services from $194.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of J.B. Hunt Transport Services from $230.00 to $228.00 in a report on Monday, November 28th. Barclays lifted their target price on shares of J.B. Hunt Transport Services from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, UBS Group raised their price target on shares of J.B. Hunt Transport Services from $155.00 to $162.00 in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average price target of $196.39.

J.B. Hunt Transport Services Trading Up 2.3 %

NASDAQ:JBHT opened at $189.10 on Monday. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.92 and a 12-month high of $218.18. The firm has a market cap of $19.58 billion, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.33 and a beta of 1.12. The company has a current ratio of 1.38, a quick ratio of 1.43 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average price of $179.33 and a 200 day moving average price of $175.23.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last announced its quarterly earnings data on Wednesday, January 18th. The transportation company reported $1.92 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.53). The company had revenue of $3.65 billion for the quarter, compared to analyst estimates of $3.79 billion. J.B. Hunt Transport Services had a return on equity of 28.20% and a net margin of 6.54%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.28 earnings per share. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 9.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, February 10th will be paid a $0.42 dividend. The ex-dividend date is Thursday, February 9th. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 0.89%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 17.39%.

J.B. Hunt Transport Services Profile

(Get Rating)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.

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

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