Tokio Marine Asset Management Co. Ltd. Purchases 187 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Tokio Marine Asset Management Co. Ltd. grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) by 9.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,227 shares of the transportation company’s stock after buying an additional 187 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in J.B. Hunt Transport Services were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. VisionPoint Advisory Group LLC grew its position in shares of J.B. Hunt Transport Services by 104.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 87 shares during the period. Operose Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $34,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $36,000. Exchange Traded Concepts LLC bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at about $45,000. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in shares of J.B. Hunt Transport Services by 505.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 309 shares of the transportation company’s stock worth $58,000 after buying an additional 258 shares during the last quarter. Institutional investors own 74.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on JBHT shares. TD Cowen cut their target price on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Raymond James raised their target price on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 16th. JPMorgan Chase & Co. cut their target price 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 note on Wednesday, April 17th. Loop Capital cut their target price 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 note on Thursday, April 18th. Finally, Stephens cut their target price on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.24.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $162.01 on Monday. The company has a 50 day moving average of $192.83 and a 200-day moving average of $192.05. J.B. Hunt Transport Services, Inc. has a 1-year low of $160.07 and a 1-year high of $219.51. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33. The company has a market cap of $16.74 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11.

J.B. Hunt Transport Services Announces Dividend

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 issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is presently 27.30%.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Patrick J. Ottensmeyer bought 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $1,014,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alfred C. Harper sold 6,500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the transaction, the insider now directly owns 42,411 shares of the company’s stock, valued at $9,021,243.81. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,454 shares of company stock valued at $3,283,219. 2.10% of the stock is currently owned by corporate insiders.

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.