Canada Pension Plan Investment Board Grows Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Canada Pension Plan Investment Board increased its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 113.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,831 shares of the transportation company's stock after buying an additional 48,813 shares during the quarter. Canada Pension Plan Investment Board owned 0.09% of J.B. Hunt Transport Services worth $15,672,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Pension Service bought a new stake in J.B. Hunt Transport Services in the fourth quarter valued at $30,000. BankPlus Trust Department purchased a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $34,000. Versant Capital Management Inc lifted its holdings in J.B. Hunt Transport Services by 102.2% in the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock worth $48,000 after buying an additional 142 shares during the period. EverSource Wealth Advisors LLC boosted its position in J.B. Hunt Transport Services by 68.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after acquiring an additional 134 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after acquiring an additional 86 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock traded down $3.25 during trading on Friday, reaching $129.73. The company had a trading volume of 1,958,427 shares, compared to its average volume of 949,711. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm's 50-day simple moving average is $147.60 and its 200 day simple moving average is $167.08. 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 posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.76 annualized dividend and a dividend yield of 1.36%. J.B. Hunt Transport Services's payout ratio is 31.94%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

JBHT has been the subject of a number of research reports. TD Cowen decreased their price objective on J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Raymond James lowered their price target on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the stock a "market perform" rating in a report on Wednesday, April 16th. Susquehanna set a $140.00 price target on J.B. Hunt Transport Services and gave the stock a "neutral" rating in a research report on Wednesday, April 16th. Finally, Citigroup reduced their price objective on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $162.20.

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.