J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,829 shares of the transportation company's stock after buying an additional 25,492 shares during the quarter. Stephens Investment Management Group LLC owned about 0.22% of J.B. Hunt Transport Services worth $37,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in JBHT. True Wealth Design LLC grew its position in shares of J.B. Hunt Transport Services by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services during the third quarter worth about $26,000. Cromwell Holdings LLC grew its position in shares of J.B. Hunt Transport Services by 47.2% during the third quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company's stock worth $41,000 after purchasing an additional 76 shares in the last quarter. Versant Capital Management Inc grew its position in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock worth $48,000 after purchasing an additional 142 shares in the last quarter. Finally, Huntington National Bank grew its position in shares of J.B. Hunt Transport Services by 21.8% during the third quarter. Huntington National Bank now owns 341 shares of the transportation company's stock worth $59,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Eric Mcgee sold 145 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the completion of the sale, the executive vice president now directly owns 700 shares of the company's stock, valued at approximately $127,904. This represents a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares of the company's stock, valued at $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,545 shares of company stock valued at $1,898,942 over the last ninety days. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock traded down $2.87 during trading hours on Wednesday, reaching $164.63. The company had a trading volume of 555,411 shares, compared to its average volume of 959,308. The company has a market capitalization of $16.60 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 1.62 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. J.B. Hunt Transport Services, Inc. has a 12-month low of $153.12 and a 12-month high of $219.51. The stock has a fifty day moving average of $174.13 and a 200-day moving average of $174.77.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the business posted $1.47 earnings per share. The firm's revenue was down 4.5% on a year-over-year basis. On average, equities analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $0.44 dividend. The ex-dividend date is Friday, February 7th. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a yield of 1.07%. J.B. Hunt Transport Services's payout ratio is 30.94%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BMO Capital Markets restated an "outperform" rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Stephens restated an "overweight" rating and set a $205.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Bank of America raised their price target on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Barclays raised their price target on 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. Finally, TD Cowen cut their price target on J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating for the company in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $191.11.

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.