Fmr LLC Has $35.40 Million Stock Holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

FMR LLC increased its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 16.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,413 shares of the transportation company's stock after buying an additional 28,296 shares during the quarter. FMR LLC owned about 0.20% of J.B. Hunt Transport Services worth $35,399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC acquired a new stake in J.B. Hunt Transport Services during the third quarter worth about $26,000. Innealta Capital LLC acquired a new stake in J.B. Hunt Transport Services during the second quarter worth about $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $32,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of J.B. Hunt Transport Services in the second quarter valued at about $36,000. Finally, Cromwell Holdings LLC grew its stake in shares of J.B. Hunt Transport Services by 47.2% in the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company's stock valued at $41,000 after buying an additional 76 shares in the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

JBHT traded up $1.39 during trading hours on Monday, hitting $182.38. The company's stock had a trading volume of 663,806 shares, compared to its average volume of 859,572. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $18.39 billion, a PE ratio of 32.91, a PEG ratio of 2.88 and a beta of 1.15. The company has a 50-day simple moving average of $180.06 and a 200 day simple moving average of $170.33.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The company had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.04 billion. During the same period last year, the firm earned $1.80 EPS. As a group, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.27%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JBHT. Evercore ISI increased their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Susquehanna raised their price objective on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Benchmark restated a "buy" rating and set a $185.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Citigroup raised their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $190.11.

Insider Activity

In related news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares in the company, valued at $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is owned by company insiders.

About J.B. Hunt Transport Services

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.