Mirae Asset Global Investments Co. Ltd. Has $1.59 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 25.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,258 shares of the transportation company's stock after acquiring an additional 1,893 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in J.B. Hunt Transport Services were worth $1,590,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBHT. Studio Investment Management LLC raised its stake in shares of J.B. Hunt Transport Services by 5.4% in the third quarter. Studio Investment Management LLC now owns 1,068 shares of the transportation company's stock worth $184,000 after acquiring an additional 55 shares during the last quarter. iA Global Asset Management Inc. raised its stake in shares of J.B. Hunt Transport Services by 2.6% in the third quarter. iA Global Asset Management Inc. now owns 2,133 shares of the transportation company's stock worth $368,000 after acquiring an additional 55 shares during the last quarter. Empirical Finance LLC raised its stake in shares of J.B. Hunt Transport Services by 2.0% in the third quarter. Empirical Finance LLC now owns 2,855 shares of the transportation company's stock worth $492,000 after acquiring an additional 56 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of J.B. Hunt Transport Services by 18.3% in the third quarter. Farther Finance Advisors LLC now owns 388 shares of the transportation company's stock worth $67,000 after acquiring an additional 60 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of J.B. Hunt Transport Services by 21.8% in the third quarter. Huntington National Bank now owns 341 shares of the transportation company's stock worth $59,000 after acquiring an additional 61 shares during the last quarter. 74.95% of the stock is owned by institutional investors.

J.B. Hunt Transport Services Stock Up 2.7 %

Shares of J.B. Hunt Transport Services stock traded up $4.52 on Friday, hitting $169.98. The company had a trading volume of 860,355 shares, compared to its average volume of 944,780. The firm has a market capitalization of $17.14 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.62 and a beta of 1.15. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. The stock has a 50-day moving average of $173.58 and a 200-day moving average of $174.71.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm's quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.47 EPS. Research analysts predict 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. Stockholders of record on Friday, February 7th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's dividend payout ratio is 31.65%.

Insider Activity

In other news, Director James K. Thompson sold 4,400 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $175.37, for a total value of $771,628.00. Following the sale, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Eric Mcgee sold 145 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the completion of the sale, the executive vice president now directly owns 700 shares in the company, valued at approximately $127,904. This represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,545 shares of company stock worth $1,898,942 over the last quarter. 2.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on JBHT. UBS Group lowered their price target on shares of J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Stephens reiterated an "overweight" rating and set a $205.00 price target on shares of J.B. Hunt Transport Services in a research report on Friday, January 17th. TD Cowen lowered their price target on shares of J.B. Hunt Transport Services from $180.00 to $171.00 and set a "hold" rating for the company in a research report on Friday, January 17th. Finally, Citigroup lowered their price target on shares of J.B. Hunt Transport Services from $204.00 to $193.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, J.B. Hunt Transport Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $191.11.

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.