Point72 Asia Singapore Pte. Ltd. Purchases New Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Point72 Asia Singapore Pte. Ltd. bought a new position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,112 shares of the transportation company's stock, valued at approximately $536,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JBHT. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 3rd quarter valued at $26,000. True Wealth Design LLC boosted its stake in shares of J.B. Hunt Transport Services by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the transportation company's stock worth $26,000 after acquiring an additional 142 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company's stock worth $30,000 after acquiring an additional 149 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of J.B. Hunt Transport Services during the 2nd quarter valued at about $31,000. Finally, nVerses Capital LLC acquired a new stake in J.B. Hunt Transport Services in the 2nd quarter worth approximately $32,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 1,500 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total transaction of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares in the company, valued at $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Spencer Frazier sold 2,200 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the transaction, the executive vice president now directly owns 4,050 shares in the company, valued at $786,550.50. This trade represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,314 shares of company stock worth $1,008,962 in the last 90 days. Corporate insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Price Performance

J.B. Hunt Transport Services stock traded down $4.23 during trading hours on Tuesday, hitting $185.01. 475,335 shares of the stock were exchanged, compared to its average volume of 863,338. The stock has a market capitalization of $18.65 billion, a P/E ratio of 33.64, a P/E/G ratio of 3.01 and a beta of 1.15. The business's 50-day moving average is $179.20 and its two-hundred day moving average is $169.72. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.94 and a current ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping 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 business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the prior year, the company earned $1.80 EPS. Equities research analysts expect 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 firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.93%. J.B. Hunt Transport Services's dividend payout ratio is 31.27%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on JBHT shares. Susquehanna raised 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. Benchmark reaffirmed a "buy" rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Barclays boosted their price objective on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Bank of America upped their price target on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $190.11.

J.B. Hunt Transport Services Company 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.