Weiss Asset Management LP Invests $2.70 Million in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Weiss Asset Management LP purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 15,643 shares of the transportation company's stock, valued at approximately $2,696,000.

Several other large investors have also made changes to their positions in the company. True Wealth Design LLC boosted its holdings in shares of J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services in the third quarter valued at about $26,000. Innealta Capital LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at about $31,000. nVerses Capital LLC bought a new position in J.B. Hunt Transport Services in the second quarter valued at about $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in J.B. Hunt Transport Services during the second quarter worth about $36,000. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the sale, the executive vice president now directly owns 12,650 shares of the company's stock, valued at $2,321,275. This represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock valued at $1,008,962 in the last three months. Corporate insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays lifted their price target on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. The Goldman Sachs Group lowered their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Citigroup raised their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Susquehanna upped their target price on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a report on Wednesday, October 16th. Finally, Stephens reissued an "overweight" rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and an average target price of $190.11.

J.B. Hunt Transport Services Trading Down 0.5 %

Shares of NASDAQ:JBHT traded down $0.86 during midday trading on Friday, reaching $180.99. The company's stock had a trading volume of 750,848 shares, compared to its average volume of 817,133. The firm has a 50 day moving average price of $180.06 and a two-hundred day moving average price of $170.24. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The firm has a market capitalization of $18.25 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 2.95 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period in the prior year, the business earned $1.80 EPS. As a group, analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.95%. J.B. Hunt Transport Services's dividend payout ratio is presently 31.27%.

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.