Duality Advisers LP Invests $2.59 Million in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Duality Advisers LP purchased a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,987 shares of the transportation company's stock, valued at approximately $2,588,000.

A number of other institutional investors have also recently added to or reduced their stakes in JBHT. VisionPoint Advisory Group LLC boosted its position in J.B. Hunt Transport Services by 104.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company's stock worth $32,000 after purchasing an additional 87 shares during the period. YHB Investment Advisors Inc. purchased a new stake in J.B. Hunt Transport Services during the 1st quarter worth $40,000. Neo Ivy Capital Management purchased a new position in J.B. Hunt Transport Services in the 4th quarter valued at about $49,000. Whittier Trust Co. of Nevada Inc. boosted its position in J.B. Hunt Transport Services by 99.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the transportation company's stock valued at $53,000 after buying an additional 133 shares during the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in J.B. Hunt Transport Services in the 1st quarter valued at about $54,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO John N. Roberts bought 6,200 shares of the firm's stock in a transaction on Friday, April 26th. The stock was purchased at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the transaction, the chief executive officer now owns 313,955 shares in the company, valued at $50,565,592.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by insiders.

J.B. Hunt Transport Services Stock Performance

JBHT traded up $2.85 on Friday, hitting $166.16. 1,624,040 shares of the company's stock were exchanged, compared to its average volume of 796,421. The firm has a market cap of $17.15 billion, a PE ratio of 26.37, a P/E/G ratio of 1.86 and a beta of 1.14. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The stock has a fifty day moving average of $160.61 and a two-hundred day moving average of $183.11. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.31). J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.12 billion. On average, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.47 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.04%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is 27.30%.

Analyst Ratings Changes

JBHT has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on shares of J.B. Hunt Transport Services from $218.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, April 18th. UBS Group decreased their price objective on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a "buy" rating for the company in a research report on Wednesday, April 17th. Robert W. Baird decreased their price objective on shares of J.B. Hunt Transport Services from $215.00 to $205.00 and set an "outperform" rating for the company in a research report on Wednesday, April 17th. Benchmark decreased their price objective on shares of J.B. Hunt Transport Services from $200.00 to $185.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company initiated coverage on shares of J.B. Hunt Transport Services in a research note on Friday, June 7th. They issued an "overweight" rating and a $185.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $187.94.

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.