Avanza Fonder AB Invests $1.55 Million in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Avanza Fonder AB purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,053 shares of the transportation company's stock, valued at approximately $1,545,000.

A number of other hedge funds also recently bought and sold shares of JBHT. Dimensional Fund Advisors LP grew its holdings in J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock valued at $152,589,000 after buying an additional 193,684 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $16,887,000. Amalgamated Bank increased its position in J.B. Hunt Transport Services by 31.9% during the second quarter. Amalgamated Bank now owns 22,509 shares of the transportation company's stock worth $3,601,000 after purchasing an additional 5,442 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in J.B. Hunt Transport Services by 26.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,791 shares of the transportation company's stock worth $1,407,000 after purchasing an additional 1,814 shares during the period. Finally, XTX Topco Ltd purchased a new position in J.B. Hunt Transport Services during the second quarter worth about $1,369,000. Institutional investors and hedge funds own 74.95% of the company's stock.

Insider Activity

In other J.B. Hunt Transport Services news, CEO Shelley Simpson sold 6,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total value of $1,100,820.00. Following the transaction, the chief executive officer now directly owns 82,264 shares in the company, valued at $15,092,976.08. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the sale, the executive vice president now owns 700 shares of the company's stock, valued at $127,904. This represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on JBHT shares. Benchmark restated a "buy" rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Friday. Citigroup reduced 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. Wells Fargo & Company lowered their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating for the company in a report on Friday. BMO Capital Markets restated an "outperform" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group lowered their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating for the company in a research note on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $191.67.

J.B. Hunt Transport Services Stock Down 7.4 %

NASDAQ JBHT traded down $13.75 during trading hours on Friday, hitting $172.45. 3,299,167 shares of the company were exchanged, compared to its average volume of 555,105. 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 firm has a market cap of $17.39 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 2.94 and a beta of 1.16. The company has a 50 day moving average of $180.08 and a two-hundred day moving average of $174.06. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued 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 4.65% and a return on equity of 13.92%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business earned $1.47 EPS. The firm's revenue was down 4.5% compared to the same quarter last year. Equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.67 earnings per share for the current year.

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.