Point72 Hong Kong Ltd Invests $1.79 Million in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Point72 Hong Kong Ltd bought a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,400 shares of the transportation company's stock, valued at approximately $1,792,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in J.B. Hunt Transport Services by 6.7% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company's stock valued at $269,611,000 after acquiring an additional 105,500 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of J.B. Hunt Transport Services by 0.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company's stock worth $231,416,000 after buying an additional 5,179 shares during the period. Dimensional Fund Advisors LP boosted its stake 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. Parnassus Investments LLC boosted its stake in shares of J.B. Hunt Transport Services by 14.1% during the third quarter. Parnassus Investments LLC now owns 753,005 shares of the transportation company's stock worth $129,765,000 after buying an additional 93,213 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of J.B. Hunt Transport Services by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 553,698 shares of the transportation company's stock worth $95,419,000 after buying an additional 12,040 shares during the period. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Down 0.6 %

Shares of JBHT traded down $1.20 during mid-day trading on Monday, hitting $189.11. 457,521 shares of the company's stock were exchanged, compared to its average volume of 866,719. The firm has a fifty day moving average of $178.82 and a two-hundred day moving average of $169.58. J.B. Hunt Transport Services, Inc. has a twelve month low of $153.12 and a twelve month high of $219.51. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 34.38, a P/E/G ratio of 3.01 and a beta of 1.14. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share 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 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 prior year, the firm earned $1.80 EPS. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current year.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, November 8th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.27%.

Insider Activity at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Spencer Frazier sold 2,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total transaction of $427,262.00. Following the sale, the executive vice president now owns 4,050 shares of the company's stock, valued at approximately $786,550.50. This represents a 35.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,314 shares of company stock valued at $1,008,962 in the last ninety days. Insiders own 2.10% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on JBHT shares. Benchmark reiterated a "buy" rating and set a $185.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Loop Capital increased their price target on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a "hold" rating in a report on Thursday, October 17th. Susquehanna increased their price target on shares of 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. Stifel Nicolaus increased their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Finally, Stephens restated an "overweight" rating and set a $195.00 target price 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 given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.11.

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.