GSA Capital Partners LLP Invests $1.40 Million in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

GSA Capital Partners LLP acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,112 shares of the transportation company's stock, valued at approximately $1,398,000.

A number of other institutional investors and hedge funds have also made changes to their positions in JBHT. Janney Montgomery Scott LLC purchased a new stake in shares of J.B. Hunt Transport Services during the first quarter worth approximately $208,000. Empowered Funds LLC purchased a new stake in shares of J.B. Hunt Transport Services during the first quarter worth approximately $242,000. TD Asset Management Inc boosted its stake in J.B. Hunt Transport Services by 4.9% during the first quarter. TD Asset Management Inc now owns 418,451 shares of the transportation company's stock worth $83,376,000 after buying an additional 19,604 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in J.B. Hunt Transport Services by 13.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 102,836 shares of the transportation company's stock worth $20,490,000 after buying an additional 12,191 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of J.B. Hunt Transport Services by 20.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 93,946 shares of the transportation company's stock valued at $18,719,000 after purchasing an additional 15,775 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 1,614 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company's stock, valued at $1,563,579.45. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction 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 transaction, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the transaction, the senior vice president now owns 8,235 shares in the company, valued at $1,563,579.45. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,314 shares of company stock valued at $1,534,052 in the last ninety days. Corporate insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

JBHT has been the topic of several research reports. Citigroup increased their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a research note on Tuesday. TD Cowen increased their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group decreased their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Stephens reissued an "overweight" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus increased their target price on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $190.11.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ JBHT traded down $3.22 during trading hours on Thursday, reaching $185.98. The stock had a trading volume of 292,341 shares, compared to its average volume of 867,136. The firm has a market cap of $18.75 billion, a price-to-earnings ratio of 34.40, a PEG ratio of 3.29 and a beta of 1.14. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. 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 50-day moving average of $175.00 and a 200-day moving average of $167.98.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.04 billion. During the same period last year, the firm earned $1.80 EPS. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services's payout ratio is currently 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.