Connor Clark & Lunn Investment Management Ltd. Makes New $1.70 Million Investment in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,967 shares of the transportation company's stock, valued at approximately $1,701,000.

A number of other large investors have also bought and sold shares of JBHT. Paloma Partners Management Co increased its stake in shares of J.B. Hunt Transport Services by 14,254.9% during the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company's stock valued at $32,035,000 after buying an additional 184,601 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of J.B. Hunt Transport Services by 155.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company's stock valued at $37,689,000 after buying an additional 134,476 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $15,149,000. Scopia Capital Management LP purchased a new position in shares of J.B. Hunt Transport Services during the third quarter valued at approximately $12,630,000. Finally, Barclays PLC increased its stake in shares of J.B. Hunt Transport Services by 37.5% during the third quarter. Barclays PLC now owns 236,177 shares of the transportation company's stock valued at $40,698,000 after buying an additional 64,380 shares during the period. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded up $1.06 during midday trading on Friday, reaching $148.55. 1,121,563 shares of the company's stock traded hands, compared to its average volume of 875,594. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 26.72, a P/E/G ratio of 1.61 and a beta of 1.16. 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 one year low of $144.34 and a one year high of $200.40. The stock has a 50 day moving average of $165.39 and a 200 day moving average of $172.81.

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

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $0.44 dividend. This is an increase from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 dividend on an annualized basis and a yield of 1.18%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.65%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Bank of America reduced their target price on J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Wells Fargo & Company reduced their target price on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. TD Cowen reduced their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating on the stock in a research note on Friday, January 17th. UBS Group reduced their price target on J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. Finally, Raymond James reduced their price target on J.B. Hunt Transport Services from $200.00 to $190.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $186.80.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the transaction, the director now owns 23,559 shares of the company's stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate 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.