State Street Corp Acquires 19,826 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

State Street Corp grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,289,874 shares of the transportation company's stock after buying an additional 19,826 shares during the period. State Street Corp owned 3.26% of J.B. Hunt Transport Services worth $566,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in 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 in the last quarter. Paloma Partners Management Co raised its position in shares of J.B. Hunt Transport Services by 14,254.9% during the third quarter. Paloma Partners Management Co now owns 185,896 shares of the transportation company's stock worth $32,035,000 after purchasing an additional 184,601 shares during the period. Mizuho Securities USA LLC lifted its holdings in shares of J.B. Hunt Transport Services by 2,384.8% during the third quarter. Mizuho Securities USA LLC now owns 156,097 shares of the transportation company's stock valued at $25,297,000 after purchasing an additional 149,815 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of J.B. Hunt Transport Services by 282.8% in the 2nd quarter. AQR Capital Management LLC now owns 173,637 shares of the transportation company's stock valued at $27,740,000 after purchasing an additional 128,283 shares during the period. Finally, Legacy Capital Wealth Partners LLC purchased a new position in J.B. Hunt Transport Services in the 2nd quarter worth about $19,755,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

JBHT has been the topic of several analyst reports. Loop Capital lifted their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a "hold" rating in a research report on Thursday, October 17th. BMO Capital Markets reissued an "outperform" rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Susquehanna raised their target price 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. Barclays upped 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 research report on Wednesday, November 13th. Finally, Evercore ISI raised their price objective on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $190.11.

J.B. Hunt Transport Services Stock Performance

J.B. Hunt Transport Services stock traded up $1.39 on Monday, reaching $182.38. 663,806 shares of the stock were exchanged, compared to its average volume of 859,572. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.26. 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 fifty day moving average price of $180.06 and a two-hundred day moving average price of $170.33. The stock has a market cap of $18.39 billion, a PE ratio of 32.91, a PEG ratio of 2.88 and a beta of 1.15.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.07. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same quarter last year, the firm posted $1.80 EPS. Sell-side analysts anticipate that J.B. Hunt Transport Services, Inc. will post 5.7 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.72 annualized dividend and a dividend yield of 0.94%. J.B. Hunt Transport Services's payout ratio is 31.27%.

Insider Activity

In other news, EVP Eric Mcgee sold 145 shares of the company's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now directly owns 700 shares in the company, valued at approximately $127,904. This represents a 17.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Shelley Simpson sold 6,000 shares of the business's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $183.47, for a total value of $1,100,820.00. Following the completion of the sale, the chief executive officer now directly owns 82,264 shares in the company, valued at approximately $15,092,976.08. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,459 shares of company stock valued at $2,136,277. 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.