J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 10.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,181,027 shares of the transportation company's stock after purchasing an additional 108,933 shares during the period. Dimensional Fund Advisors LP owned 1.17% of J.B. Hunt Transport Services worth $201,555,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on JBHT shares. Wells Fargo & Company lowered their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus set a $150.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on shares of J.B. Hunt Transport Services from $167.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Susquehanna set a $140.00 price target on shares of J.B. Hunt Transport Services and gave the company a "neutral" rating in a research note on Wednesday, April 16th. Finally, Raymond James reduced their price target on shares of J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $162.20.

J.B. Hunt Transport Services Stock Up 1.1 %

J.B. Hunt Transport Services stock opened at $128.52 on Wednesday. The firm has a market capitalization of $12.85 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.61 and a beta of 1.27. The stock's fifty day simple moving average is $149.13 and its 200-day simple moving average is $167.55. J.B. Hunt Transport Services, Inc. has a twelve month low of $122.79 and a twelve month high of $200.40. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. As a group, equities 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $0.44 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is an increase 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 dividend yield of 1.37%. J.B. Hunt Transport Services's dividend payout ratio is currently 31.94%.

Insider Activity

In other news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at approximately $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 can be accessed through this link. Company insiders own 2.30% of the company's stock.

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.

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