Ieq Capital LLC Has $1.98 Million Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Ieq Capital LLC increased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 118.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,571 shares of the transportation company's stock after buying an additional 6,270 shares during the quarter. Ieq Capital LLC's holdings in J.B. Hunt Transport Services were worth $1,975,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Studio Investment Management LLC lifted its position in shares of J.B. Hunt Transport Services by 5.4% during the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company's stock worth $184,000 after purchasing an additional 55 shares in the last quarter. iA Global Asset Management Inc. increased its stake in J.B. Hunt Transport Services by 2.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company's stock worth $368,000 after buying an additional 55 shares during the period. Empirical Finance LLC lifted its holdings in J.B. Hunt Transport Services by 2.0% in the 3rd quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company's stock worth $492,000 after buying an additional 56 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in J.B. Hunt Transport Services by 18.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company's stock worth $67,000 after buying an additional 60 shares in the last quarter. Finally, Huntington National Bank boosted its position in J.B. Hunt Transport Services by 21.8% in the 3rd quarter. Huntington National Bank now owns 341 shares of the transportation company's stock valued at $59,000 after buying an additional 61 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on JBHT shares. Bank of America lifted their price objective on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. UBS Group dropped their price target 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 note on Friday, January 17th. Barclays upped their price target on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Benchmark reissued a "buy" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. Finally, Evercore ISI reduced their price target on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating on the stock in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $191.11.

J.B. Hunt Transport Services Stock Down 0.9 %

Shares of NASDAQ:JBHT traded down $1.42 on Thursday, reaching $158.90. The company had a trading volume of 762,084 shares, compared to its average volume of 946,260. The stock has a 50-day moving average price of $171.58 and a 200 day moving average price of $174.82. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $208.69. The stock has a market capitalization of $15.89 billion, a P/E ratio of 28.58, a P/E/G ratio of 1.61 and a beta of 1.15.

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 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.09). The firm had revenue of $3.15 billion during 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 prior year, the business earned $1.47 EPS. On average, equities analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current year.

J.B. Hunt Transport Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.11%. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, February 7th. J.B. Hunt Transport Services's dividend payout ratio is 31.65%.

Insider Transactions at J.B. Hunt Transport Services

In related news, Director James K. Thompson sold 4,400 shares of J.B. Hunt Transport Services stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares in the company, valued at $127,904. The trade was a 17.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,545 shares of company stock worth $1,898,942. Company insiders own 2.10% 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.