Generali Asset Management SPA SGR Takes Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Generali Asset Management SPA SGR acquired a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 15,701 shares of the transportation company's stock, valued at approximately $2,680,000.

Several other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its position in J.B. Hunt Transport Services by 0.7% during the third quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company's stock worth $581,567,000 after buying an additional 22,563 shares during the last quarter. State Street Corp increased its holdings in shares of J.B. Hunt Transport Services by 0.6% during the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock worth $566,944,000 after acquiring an additional 19,826 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in J.B. Hunt Transport Services by 111.1% in 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 during the period. Parnassus Investments LLC lifted its holdings in J.B. Hunt Transport Services by 4.9% during the 4th quarter. Parnassus Investments LLC now owns 790,038 shares of the transportation company's stock valued at $134,828,000 after purchasing an additional 37,033 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in J.B. Hunt Transport Services by 1.4% during the 3rd quarter. Stifel Financial Corp now owns 641,344 shares of the transportation company's stock valued at $110,524,000 after purchasing an additional 8,997 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other 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 completion of the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction that occurred 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 owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

JBHT has been the topic of several research analyst reports. Stephens reissued an "overweight" rating and issued a $205.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. UBS Group cut their price objective on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Truist Financial initiated coverage on J.B. Hunt Transport Services in a research report on Thursday, March 13th. They issued a "hold" rating and a $165.00 target price on the stock. Susquehanna upgraded J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 price target for the company in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $186.80.

J.B. Hunt Transport Services Trading Up 2.3 %

NASDAQ JBHT traded up $3.47 during trading hours on Monday, reaching $152.02. The company's stock had a trading volume of 974,563 shares, compared to its average volume of 875,989. The firm has a fifty day simple moving average of $165.39 and a 200-day simple moving average of $172.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 52 week low of $144.34 and a 52 week high of $200.40. The stock has a market cap of $15.20 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.61 and a beta of 1.16.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. J.B. Hunt Transport Services's revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS. Equities 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.44 per share. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 31.65%.

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.