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

Lecap Asset Management Ltd. grew its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 331.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,860 shares of the transportation company's stock after acquiring 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 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. boosted its position in J.B. Hunt Transport Services by 2,722.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 545,042 shares of the transportation company's stock valued at $108,600,000 after buying an additional 525,729 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in J.B. Hunt Transport Services by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock valued at $152,589,000 after buying an additional 193,684 shares during the last quarter. AQR Capital Management LLC boosted its position in 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 during the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $19,755,000. Finally, Renaissance Technologies LLC purchased a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $16,887,000. Institutional investors and hedge funds 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 stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company's stock, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

JBHT has been the topic of a number of recent research reports. Loop Capital upped their target price on J.B. Hunt Transport Services from $173.00 to $187.00 and gave the company a "hold" rating in a research report on Thursday, October 17th. Citigroup assumed coverage on J.B. Hunt Transport Services in a research report on Wednesday, October 9th. They issued a "buy" rating and a $201.00 price objective on the stock. Barclays upped their price objective on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. Susquehanna upped their price objective on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Finally, Stephens restated an "overweight" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and a consensus price target of $187.56.

J.B. Hunt Transport Services Price Performance

NASDAQ JBHT traded down $0.17 during mid-day trading on Wednesday, hitting $175.45. The stock had a trading volume of 942,215 shares, compared to its average volume of 858,301. The firm's 50 day moving average is $171.28 and its 200 day moving average is $167.03. 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 0.36, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $18.11 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.84 and a beta of 1.15.

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

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio is currently 27.30%.

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.