APG Asset Management N.V. Buys Shares of 46,000 J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

APG Asset Management N.V. purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 46,000 shares of the transportation company's stock, valued at approximately $7,581,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JBHT. Wellington Management Group LLP increased its holdings in shares of J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock valued at $215,610,000 after acquiring an additional 1,024,295 shares during the last quarter. Norges Bank bought a new stake in J.B. Hunt Transport Services during the fourth quarter valued at $146,618,000. Thrivent Financial for Lutherans raised its holdings in shares of J.B. Hunt Transport Services by 111.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock worth $163,237,000 after purchasing an additional 503,324 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of J.B. Hunt Transport Services by 155.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company's stock worth $37,689,000 after buying an additional 134,476 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of J.B. Hunt Transport Services by 5.1% in the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock valued at $362,554,000 after buying an additional 104,019 shares during the period. 74.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JBHT. Truist Financial decreased their target price on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a research note on Thursday. Stifel Nicolaus set a $150.00 price objective on J.B. Hunt Transport Services in a research note on Wednesday. Sanford C. Bernstein set a $148.00 target price on J.B. Hunt Transport Services and gave the company a "market perform" rating in a research note on Wednesday. Benchmark restated a "buy" rating and set a $175.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday. Finally, Barclays cut their price objective on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $164.24.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of the company's 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 represents a 6.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares of the company's stock, valued at $4,131,541.83. This represents a 15.74 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT traded up $4.03 during trading hours on Thursday, hitting $128.76. 694,403 shares of the company's stock traded hands, compared to its average volume of 1,115,756. The company's fifty day simple moving average is $152.14 and its two-hundred day simple moving average is $168.65. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services, Inc. has a 52 week low of $122.79 and a 52 week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services's payout ratio is presently 31.94%.

J.B. Hunt Transport Services Company 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.