GAMMA Investing LLC Takes Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

GAMMA Investing LLC acquired a new stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 477 shares of the transportation company’s stock, valued at approximately $96,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aviva PLC raised its stake in J.B. Hunt Transport Services by 45.3% during the third quarter. Aviva PLC now owns 52,155 shares of the transportation company’s stock valued at $9,832,000 after purchasing an additional 16,249 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of J.B. Hunt Transport Services by 3.8% in the third quarter. EverSource Wealth Advisors LLC now owns 36,442 shares of the transportation company’s stock worth $6,870,000 after purchasing an additional 1,331 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth about $11,513,000. Natixis Advisors L.P. grew its holdings in shares of J.B. Hunt Transport Services by 38.4% in the third quarter. Natixis Advisors L.P. now owns 41,835 shares of the transportation company’s stock worth $7,887,000 after purchasing an additional 11,613 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of J.B. Hunt Transport Services by 0.9% in the third quarter. California Public Employees Retirement System now owns 153,367 shares of the transportation company’s stock worth $28,913,000 after purchasing an additional 1,393 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT opened at $162.01 on Monday. The stock has a market capitalization of $16.74 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 2.13 and a beta of 1.11. J.B. Hunt Transport Services, Inc. has a 12 month low of $160.07 and a 12 month high of $219.51. The firm’s 50 day simple moving average is $192.83 and its 200-day simple moving average is $192.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.26 and a quick ratio of 1.15.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.72 annualized dividend and a yield of 1.06%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 27.30%.

Insiders Place Their Bets

In other news, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the transaction, the insider now owns 42,411 shares in the company, valued at approximately $9,021,243.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other J.B. Hunt Transport Services news, CFO John Kuhlow sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $213.00, for a total value of $745,500.00. Following the completion of the sale, the chief financial officer now owns 10,537 shares in the company, valued at $2,244,381. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Alfred C. Harper sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $212.71, for a total value of $1,382,615.00. Following the completion of the sale, the insider now owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The disclosure for this sale can be found here. Insiders have sold a total of 15,454 shares of company stock valued at $3,283,219 in the last 90 days. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

JBHT has been the topic of a number of research analyst reports. Stephens cut their price target on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. Barclays decreased their price target on shares of J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 17th. Loop Capital decreased their price target on shares of J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Bank of America decreased their price target on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of J.B. Hunt Transport Services from $209.00 to $204.00 and set an “overweight” rating for the company in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $194.24.

J.B. Hunt Transport Services Profile

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.