J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S boosted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 184.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,612 shares of the transportation company's stock after acquiring an additional 2,343 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in J.B. Hunt Transport Services were worth $616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Arvest Bank Trust Division purchased a new position in J.B. Hunt Transport Services during the third quarter worth about $1,578,000. Smartleaf Asset Management LLC raised its stake in shares of J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after buying an additional 86 shares in the last quarter. Abound Wealth Management lifted its holdings in shares of J.B. Hunt Transport Services by 145,850.0% in the 4th quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock valued at $498,000 after buying an additional 2,917 shares during the period. LPL Financial LLC boosted its stake in shares of J.B. Hunt Transport Services by 56.7% in the fourth quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock valued at $11,810,000 after buying an additional 25,034 shares in the last quarter. Finally, Keybank National Association OH acquired a new position in J.B. Hunt Transport Services during the fourth quarter worth $255,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Nicholas Hobbs acquired 1,529 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were bought at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the acquisition, the chief operating officer now owns 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Raymond James reduced their target price on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Barclays lowered their target price on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Benchmark reaffirmed a "buy" rating and issued a $175.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, April 16th. Stifel Nicolaus set a $150.00 price target on J.B. Hunt Transport Services in a research note on Wednesday, April 16th. Finally, Citigroup dropped their price objective on J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and a consensus target price of $162.20.

J.B. Hunt Transport Services Trading Down 2.4 %

Shares of NASDAQ JBHT traded down $3.25 during midday trading on Friday, reaching $129.73. 1,960,357 shares of the stock were exchanged, compared to its average volume of 949,467. The stock has a 50 day moving average price of $146.71 and a 200-day moving average price of $166.84. 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 company has a market capitalization of $12.97 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services, Inc. has a 52-week low of $122.79 and a 52-week high of $200.40.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, topping 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 firm had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. Equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be paid a $0.44 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.76 annualized dividend and a yield of 1.36%. J.B. Hunt Transport Services's payout ratio is currently 31.94%.

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.