Forsta AP Fonden Boosts Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Forsta AP Fonden grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 28.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,900 shares of the transportation company's stock after acquiring an additional 3,500 shares during the quarter. Forsta AP Fonden's holdings in J.B. Hunt Transport Services were worth $2,740,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Versant Capital Management Inc boosted its position in J.B. Hunt Transport Services by 382.1% in the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company's stock valued at $30,000 after buying an additional 149 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the 2nd quarter valued at $32,000. Ashton Thomas Private Wealth LLC bought a new stake in J.B. Hunt Transport Services during the 2nd quarter worth $36,000. Finally, Cromwell Holdings LLC increased its holdings in J.B. Hunt Transport Services by 47.2% in the 3rd quarter. Cromwell Holdings LLC now owns 237 shares of the transportation company's stock worth $41,000 after purchasing an additional 76 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

J.B. Hunt Transport Services Trading Up 1.4 %

Shares of NASDAQ:JBHT traded up $2.45 during mid-day trading on Wednesday, hitting $181.88. The company had a trading volume of 1,274,458 shares, compared to its average volume of 857,564. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 1.21. J.B. Hunt Transport Services, Inc. has a one year low of $153.12 and a one year high of $219.51. The firm has a fifty day moving average price of $172.12 and a 200 day moving average price of $166.66. The company has a market capitalization of $18.77 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 3.01 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.07. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. During the same period in the previous year, the firm posted $1.80 earnings per share. As a group, research analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.69 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.72 annualized dividend and a yield of 0.95%. J.B. Hunt Transport Services's payout ratio is currently 27.30%.

Analyst Upgrades and Downgrades

JBHT has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a "buy" rating on the stock in a research note on Wednesday, October 9th. Stephens reiterated an "overweight" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Citigroup assumed coverage on shares of J.B. Hunt Transport Services in a report on Wednesday, October 9th. They set a "buy" rating and a $201.00 target price on the stock. 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 note on Wednesday, October 16th. Finally, TD Cowen lifted their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating 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 MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $187.56.

Insiders Place Their Bets

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the business'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 completion of the sale, the executive vice president now owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction 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 approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now owns 12,650 shares in the company, valued at $2,321,275. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company's stock.

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.