J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Stock Holdings Lifted by Rafferty Asset Management LLC

Rafferty Asset Management LLC grew its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,745 shares of the transportation company’s stock after buying an additional 835 shares during the quarter. Rafferty Asset Management LLC’s holdings in J.B. Hunt Transport Services were worth $1,946,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in JBHT. Charles Schwab Investment Management Inc. boosted its position in J.B. Hunt Transport Services by 8.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 488,936 shares of the transportation company’s stock valued at $92,174,000 after purchasing an additional 37,674 shares during the last quarter. Van ECK Associates Corp boosted its holdings in J.B. Hunt Transport Services by 3.4% during the third quarter. Van ECK Associates Corp now owns 11,966 shares of the transportation company’s stock valued at $2,256,000 after acquiring an additional 399 shares during the period. Pathstone Family Office LLC grew its holdings in J.B. Hunt Transport Services by 22.2% in the 3rd quarter. Pathstone Family Office LLC now owns 10,928 shares of the transportation company’s stock valued at $2,060,000 after buying an additional 1,983 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of J.B. Hunt Transport Services by 7.1% in the third quarter. Canada Pension Plan Investment Board now owns 25,705 shares of the transportation company’s stock worth $4,846,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of J.B. Hunt Transport Services by 13.5% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,416 shares of the transportation company’s stock worth $3,095,000 after purchasing an additional 1,955 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. 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 on the stock in a research note on Wednesday, April 17th. Wells Fargo & Company assumed coverage on shares of J.B. Hunt Transport Services in a research report on Friday. They set an “overweight” rating and a $185.00 target price for the company. Evercore ISI dropped their price objective on shares of J.B. Hunt Transport Services from $218.00 to $199.00 and set an “outperform” rating for the company in a report on Wednesday, April 17th. Bank of America dropped their price target on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, Stephens reduced their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.76.

Get Our Latest Stock Analysis on JBHT

J.B. Hunt Transport Services Stock Up 0.6 %

NASDAQ:JBHT opened at $159.96 on Monday. The company has a market cap of $16.51 billion, a PE ratio of 25.39, a PEG ratio of 1.82 and a beta of 1.15. The stock has a 50-day simple moving average of $170.14 and a 200 day simple moving average of $188.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26. J.B. Hunt Transport Services, Inc. has a 52-week low of $154.10 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. On average, sell-side analysts expect that J.B. Hunt Transport Services, Inc. will post 6.48 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 10th were paid a dividend of $0.43 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.08%. J.B. Hunt Transport Services’s dividend payout ratio is 27.30%.

Insider Activity

In related news, CEO John N. Roberts acquired 6,200 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were bought at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now directly owns 313,955 shares in the company, valued at approximately $50,565,592.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Profile

(Free Report)

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.

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

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