Asset Management One Co. Ltd. Grows Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Asset Management One Co. Ltd. increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,508 shares of the transportation company's stock after acquiring an additional 2,946 shares during the quarter. Asset Management One Co. Ltd.'s holdings in J.B. Hunt Transport Services were worth $5,602,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company's stock worth $30,000 after purchasing an additional 149 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at approximately $31,000. nVerses Capital LLC purchased a new position in shares of J.B. Hunt Transport Services in the second quarter valued at $32,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at about $36,000. Finally, International Assets Investment Management LLC purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $40,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Loop Capital raised their price target on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. Citigroup began coverage on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 9th. They set a "buy" rating and a $201.00 price target on the stock. BMO Capital Markets reaffirmed an "outperform" rating and set a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Susquehanna increased their target price on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 16th. Finally, Bank of America upped their target price on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $187.56.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded up $4.04 during trading on Friday, hitting $192.13. The company had a trading volume of 1,030,048 shares, compared to its average volume of 1,078,438. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $173.81 and a two-hundred day simple moving average of $167.36. The firm has a market capitalization of $19.37 billion, a price-to-earnings ratio of 34.93, a price-to-earnings-growth ratio of 3.30 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its 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 business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same quarter in the prior year, the firm earned $1.80 earnings per share. On average, research analysts expect that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.90%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.27%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Spencer Frazier sold 2,200 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total transaction of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares in the company, valued at $786,550.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares of the company's stock, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Spencer Frazier sold 2,200 shares of the company's stock in a transaction that occurred on 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,314 shares of company stock valued at $1,534,052. 2.10% of the stock is currently owned by insiders.

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.