J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares Purchased by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. raised its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 331.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,860 shares of the transportation company's stock after buying an additional 9,110 shares during the quarter. Lecap Asset Management Ltd.'s holdings in J.B. Hunt Transport Services were worth $2,044,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted 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 worth $108,600,000 after acquiring an additional 525,729 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 during the period. AQR Capital Management LLC grew 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 valued at $27,740,000 after buying an additional 128,283 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter valued at $19,755,000. Finally, Renaissance Technologies LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth about $16,887,000. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the firm's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares of the company's stock, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JBHT. Susquehanna lifted their target price on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a "neutral" rating in a research report on Wednesday, October 16th. Morgan Stanley cut their target price on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Monday, July 8th. Bank of America raised their price target on shares of J.B. Hunt Transport Services from $188.00 to $196.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Loop Capital upped their price objective on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. Finally, Benchmark reiterated a "buy" rating and issued a $185.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average target price of $187.56.

J.B. Hunt Transport Services Price Performance

Shares of JBHT opened at $175.62 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21. J.B. Hunt Transport Services, Inc. has a 1-year low of $153.12 and a 1-year high of $219.51. The stock has a market cap of $18.12 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. The firm has a fifty day moving average price of $171.28 and a 200 day moving average price of $167.03.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. During the same period in the prior year, the firm earned $1.80 EPS. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.6 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.98%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 27.30%.

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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