J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 511,407 shares of the transportation company's stock after purchasing an additional 9,935 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.51% of J.B. Hunt Transport Services worth $87,277,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. True Wealth Design LLC lifted its holdings in J.B. Hunt Transport Services by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock valued at $26,000 after purchasing an additional 142 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services in the third quarter worth about $26,000. BankPlus Trust Department acquired a new position in J.B. Hunt Transport Services during the fourth quarter worth about $34,000. Versant Capital Management Inc boosted its position in J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock worth $48,000 after acquiring an additional 142 shares during the last quarter. Finally, Huntington National Bank grew its stake in J.B. Hunt Transport Services by 21.8% during the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company's stock valued at $59,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JBHT. Bank of America boosted their target price on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Benchmark reaffirmed a "buy" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. UBS Group lowered their price target on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. Susquehanna upgraded shares of J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price objective for the company in a research report on Friday, January 3rd. Finally, Stifel Nicolaus dropped their price target on shares of J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating for the company in a research note on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $191.11.

Insider Transactions at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the transaction, the executive vice president now directly owns 700 shares in the company, valued at $127,904. This trade represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Stock Up 0.8 %

Shares of JBHT traded up $1.27 during mid-day trading on Thursday, hitting $161.31. 262,080 shares of the company's stock were exchanged, compared to its average volume of 849,336. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The company has a market cap of $16.13 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 1.61 and a beta of 1.15. The stock's 50-day moving average is $170.45 and its 200-day moving average is $174.59. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $204.43.

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

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.65%.

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.