AlphaQuest LLC Increases Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

AlphaQuest LLC boosted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 343,700.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,438 shares of the transportation company's stock after acquiring an additional 3,437 shares during the quarter. AlphaQuest LLC's holdings in J.B. Hunt Transport Services were worth $587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in J.B. Hunt Transport Services by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company's stock valued at $581,567,000 after purchasing an additional 22,563 shares in the last quarter. State Street Corp raised its position in J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after purchasing an additional 19,826 shares in the last quarter. Parnassus Investments LLC raised its position in J.B. Hunt Transport Services by 14.1% in the 3rd quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock valued at $129,765,000 after purchasing an additional 93,213 shares in the last quarter. Stifel Financial Corp raised its position in J.B. Hunt Transport Services by 1.4% in the 3rd quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company's stock valued at $110,524,000 after purchasing an additional 8,997 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in J.B. Hunt Transport Services by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 576,159 shares of the transportation company's stock valued at $98,327,000 after purchasing an additional 22,461 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Trading Down 3.8 %

JBHT opened at $154.18 on Wednesday. The firm has a market cap of $15.42 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $202.78. The business's 50 day moving average is $169.55 and its two-hundred day moving average is $174.17. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24.

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J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter last year, the business posted $1.47 earnings per share. The company's revenue for the quarter was down 4.5% compared to the same quarter last year. On average, research analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.44 dividend. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.65%.

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

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Stephens reaffirmed an "overweight" rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their price target on J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Barclays raised their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Citigroup cut their target price on J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Finally, TD Cowen cut their target price on J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating on the stock in a research report on Friday, January 17th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $189.84.

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.

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