Disciplined Investments LLC Raises Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Disciplined Investments LLC grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 11.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,006 shares of the transportation company's stock after buying an additional 3,553 shares during the quarter. J.B. Hunt Transport Services accounts for approximately 3.0% of Disciplined Investments LLC's portfolio, making the stock its 7th largest holding. Disciplined Investments LLC's holdings in J.B. Hunt Transport Services were worth $6,033,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 2,722.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company's stock worth $108,600,000 after purchasing an additional 525,729 shares during the period. Dimensional Fund Advisors LP lifted its holdings in J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock worth $152,589,000 after buying an additional 193,684 shares during the period. AQR Capital Management LLC lifted its holdings in J.B. Hunt Transport Services by 282.8% in the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company's stock worth $27,740,000 after buying an additional 128,283 shares during the period. Legacy Capital Wealth Partners LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter worth about $19,755,000. Finally, Renaissance Technologies LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter worth about $16,887,000. 74.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

JBHT has been the subject of several research analyst reports. Citigroup initiated coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, October 9th. They issued a "buy" rating and a $201.00 price objective for the company. Stephens reiterated an "overweight" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. 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 report on Wednesday, October 9th. Bank of America lifted their target price on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, TD Cowen lifted their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $187.56.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Spencer Frazier sold 2,200 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the sale, the executive vice president now owns 4,050 shares in the company, valued at $786,550.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Spencer Frazier sold 2,200 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the sale, the executive vice president now directly owns 4,050 shares in the company, valued at $786,550.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,314 shares of company stock worth $1,534,052. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock traded up $4.04 during mid-day trading on Friday, reaching $192.13. 1,030,048 shares of the company's stock traded hands, compared to its average volume of 1,078,438. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The firm has a 50 day moving average price of $173.81 and a two-hundred day moving average price of $167.36. The firm has a market capitalization of $19.37 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.30 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.04 billion. During the same quarter in the previous year, the company earned $1.80 EPS. On average, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 31.27%.

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.