Guggenheim Capital LLC Has $8.76 Million Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Guggenheim Capital LLC increased its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,317 shares of the transportation company's stock after purchasing an additional 11,760 shares during the period. Guggenheim Capital LLC owned 0.05% of J.B. Hunt Transport Services worth $8,758,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

JBHT has been the subject of a number of research reports. UBS Group decreased their target price on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Stephens reduced their target price on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft initiated coverage on J.B. Hunt Transport Services in a report on Friday, March 7th. They issued a "hold" rating and a $167.00 price objective for the company. Sanford C. Bernstein set a $148.00 price objective on shares of J.B. Hunt Transport Services and gave the company a "market perform" rating in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.20.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT traded up $1.48 during mid-day trading on Tuesday, hitting $128.60. The company's stock had a trading volume of 250,187 shares, compared to its average volume of 937,383. 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 current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average of $149.87 and a 200-day moving average of $167.82. The company has a market capitalization of $12.86 billion, a price-to-earnings ratio of 23.17, a P/E/G ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.92 billion. As a group, equities analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given 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 was Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.37%. J.B. Hunt Transport Services's payout ratio is presently 31.94%.

Insiders Place Their Bets

In other news, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.30% of the company's stock.

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.