J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 553,698 shares of the transportation company's stock after purchasing an additional 12,040 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.55% of J.B. Hunt Transport Services worth $95,419,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JBHT. Advisors Asset Management Inc. grew its holdings in J.B. Hunt Transport Services by 11.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,454 shares of the transportation company's stock valued at $290,000 after buying an additional 153 shares in the last quarter. Silvercrest Asset Management Group LLC raised its stake in J.B. Hunt Transport Services by 24.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 29,302 shares of the transportation company's stock valued at $5,838,000 after purchasing an additional 5,767 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in J.B. Hunt Transport Services by 13.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,037 shares of the transportation company's stock valued at $384,000 after purchasing an additional 245 shares during the last quarter. Tidal Investments LLC grew its stake in shares of J.B. Hunt Transport Services by 65.6% in the 1st quarter. Tidal Investments LLC now owns 7,851 shares of the transportation company's stock worth $1,563,000 after buying an additional 3,109 shares in the last quarter. Finally, Comerica Bank raised its position in shares of J.B. Hunt Transport Services by 4.0% during the 1st quarter. Comerica Bank now owns 45,088 shares of the transportation company's stock valued at $8,984,000 after buying an additional 1,716 shares in the last quarter. 74.95% of the stock is owned by hedge funds and other institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of JBHT stock traded up $0.48 during trading hours on Wednesday, hitting $191.34. The company's stock had a trading volume of 30,967 shares, compared to its average volume of 866,382. The stock has a market cap of $19.29 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 3.00 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The company has a 50 day moving average of $177.23 and a 200 day moving average of $168.98. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share 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 during the quarter, compared to analysts' expectations of $3.04 billion. During the same period last year, the business earned $1.80 earnings per share. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services's payout ratio is 31.27%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on JBHT shares. 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. TD Cowen increased their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a "hold" rating in a research note on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating for the company in a report on Wednesday, October 9th. Benchmark reissued a "buy" rating and issued a $185.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus boosted their target price on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $190.11.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 1,500 shares of the 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 directly owns 12,650 shares of the company's stock, valued at approximately $2,321,275. This represents a 10.60 % 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, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now directly owns 8,235 shares in the company, valued at approximately $1,563,579.45. This trade represents a 16.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,314 shares of company stock valued at $1,008,962. 2.10% of the stock is owned by corporate 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.