Mizuho Securities USA LLC Boosts Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Mizuho Securities USA LLC raised its holdings in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 2,384.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,097 shares of the transportation company's stock after purchasing an additional 149,815 shares during the period. Mizuho Securities USA LLC owned 0.15% of J.B. Hunt Transport Services worth $25,297,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. boosted its holdings in shares of J.B. Hunt Transport Services by 2,722.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company's stock valued at $108,600,000 after purchasing an additional 525,729 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of J.B. Hunt Transport Services by 25.5% during the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock worth $152,589,000 after buying an additional 193,684 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of J.B. Hunt Transport Services by 282.8% in the second quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company's stock worth $27,740,000 after buying an additional 128,283 shares during the last quarter. Legacy Capital Wealth Partners LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at about $19,755,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at approximately $16,887,000. 74.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $189.87, for a total value of $306,450.18. Following the completion of the transaction, the senior vice president now owns 8,235 shares of the company's stock, valued at $1,563,579.45. The trade was a 16.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Darren P. Field sold 3,000 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the sale, the executive vice president now owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 17.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,314 shares of company stock worth $1,534,052. Insiders own 2.10% of the company's stock.

Analyst Ratings Changes

JBHT has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed an "outperform" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Susquehanna increased their target price on shares of 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. Citigroup boosted their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a report on Tuesday. Stifel Nicolaus upped their target price on J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Finally, Benchmark restated a "buy" rating and set a $185.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.11.

J.B. Hunt Transport Services Trading Down 1.2 %

Shares of NASDAQ:JBHT traded down $2.16 during trading on Friday, reaching $182.35. The stock had a trading volume of 751,079 shares, compared to its average volume of 870,431. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. The firm's fifty day moving average is $175.60 and its 200 day moving average is $168.23. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $219.51. The stock has a market cap of $18.39 billion, a price-to-earnings ratio of 33.15, a P/E/G ratio of 3.23 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.04 billion. During the same quarter last year, the firm posted $1.80 earnings per share. As a group, equities 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a yield of 0.94%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.27%.

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.