Comgest Global Investors S.A.S. Has $39.33 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Comgest Global Investors S.A.S. grew its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 230,430 shares of the transportation company's stock after purchasing an additional 13,982 shares during the quarter. J.B. Hunt Transport Services makes up 0.6% of Comgest Global Investors S.A.S.'s portfolio, making the stock its 27th biggest position. Comgest Global Investors S.A.S. owned 0.23% of J.B. Hunt Transport Services worth $39,325,000 as of its most recent SEC filing.

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

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 stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares of the company's stock, valued at $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 this hyperlink. Also, 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 value 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 $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Stock Up 3.6 %

Shares of J.B. Hunt Transport Services stock traded up $4.50 during trading on Friday, reaching $129.23. The company had a trading volume of 1,950,062 shares, compared to its average volume of 942,899. The firm's fifty day moving average is $151.38 and its 200-day moving average is $168.35. 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 fifty-two week low of $122.79 and a fifty-two week high of $200.40. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27.

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

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.44 per share. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 31.94%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on JBHT shares. Barclays lowered their price objective on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. TD Cowen cut their price target on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating for the company in a report on Wednesday. Stephens dropped their target price on J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating on the stock in a research report on Wednesday. Stifel Nicolaus set a $150.00 price target on J.B. Hunt Transport Services in a research note on Wednesday. Finally, Citigroup cut 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 research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.20.

About J.B. Hunt Transport Services

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.