Point72 Asset Management L.P. Invests $15.15 Million in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Point72 Asset Management L.P. purchased a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 87,906 shares of the transportation company's stock, valued at approximately $15,149,000. Point72 Asset Management L.P. owned approximately 0.09% of J.B. Hunt Transport Services at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in JBHT. Catalyst Capital Advisors LLC purchased a new stake in shares of J.B. Hunt Transport Services in the third quarter worth about $26,000. True Wealth Design LLC boosted its holdings in J.B. Hunt Transport Services by 2,028.6% in 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 during the period. Innealta Capital LLC acquired a new stake in J.B. Hunt Transport Services in the second quarter valued at approximately $31,000. nVerses Capital LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at approximately $36,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 1,614 shares of J.B. Hunt Transport Services stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $189.87, for a total transaction of $306,450.18. Following the sale, the senior vice president now owns 8,235 shares of the company's stock, valued at $1,563,579.45. The trade was a 16.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares of the company's stock, valued at $2,321,275. This trade represents a 10.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,314 shares of company stock valued at $1,008,962. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Stock Performance

JBHT traded down $0.86 on Friday, hitting $180.99. 750,848 shares of the company's stock were exchanged, compared to its average volume of 817,133. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $180.06 and a two-hundred day moving average of $170.17. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The firm has a market cap of $18.25 billion, a PE ratio of 32.91, a P/E/G ratio of 2.95 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share 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 analysts' expectations of $3.04 billion. During the same period in the prior year, the firm earned $1.80 EPS. On average, research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, November 8th. J.B. Hunt Transport Services's payout ratio is 31.27%.

Analysts Set New Price Targets

A number of research firms recently weighed in on JBHT. TD Cowen raised their price target on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Loop Capital raised 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 note on Thursday, October 17th. Barclays increased their price target on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Citigroup lifted their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, Susquehanna lifted their price objective on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the stock a "neutral" 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $190.11.

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.