Stifel Financial Corp Raises Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Stifel Financial Corp raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 641,344 shares of the transportation company's stock after purchasing an additional 8,997 shares during the period. Stifel Financial Corp owned 0.64% of J.B. Hunt Transport Services worth $110,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in shares of 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 acquiring an additional 22,563 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of J.B. Hunt Transport Services by 6.7% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company's stock worth $269,611,000 after acquiring an additional 105,500 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of J.B. Hunt Transport Services by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company's stock worth $231,416,000 after acquiring an additional 5,179 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock worth $152,589,000 after acquiring an additional 193,684 shares during the last quarter. Finally, Parnassus Investments LLC grew its stake in shares of J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock worth $129,765,000 after acquiring an additional 93,213 shares during the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock traded down $0.86 during trading hours on Friday, hitting $180.99. 750,848 shares of the company's stock were exchanged, compared to its average volume of 860,402. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The firm has a market cap of $18.25 billion, a P/E ratio of 32.88, a P/E/G ratio of 2.95 and a beta of 1.15. The firm has a 50 day moving average of $179.89 and a two-hundred day moving average of $170.05. J.B. Hunt Transport Services, Inc. has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.07. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period in the prior year, the company posted $1.80 EPS. Sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.95%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on JBHT shares. Barclays boosted their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Citigroup upped their target price on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Benchmark reiterated a "buy" rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. BMO Capital Markets reiterated an "outperform" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, TD Cowen upped their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $190.11.

Insider Activity at J.B. Hunt Transport Services

In related news, SVP Kevin Bracy sold 1,614 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the transaction, the senior vice president now directly owns 8,235 shares of the company's stock, valued at approximately $1,563,579.45. This represents a 16.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction on Wednesday, October 30th. The shares were 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 directly owns 12,650 shares of the company's stock, valued at approximately $2,321,275. This represents 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 sold 5,314 shares of company stock valued at $1,008,962. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services 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.