Versor Investments LP Has $734,000 Stock Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Versor Investments LP lifted its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 95.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,303 shares of the transportation company's stock after acquiring an additional 2,100 shares during the period. Versor Investments LP's holdings in J.B. Hunt Transport Services were worth $734,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of J.B. Hunt Transport Services in the third quarter valued at approximately $26,000. True Wealth Design LLC increased its position 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 valued at $26,000 after acquiring an additional 142 shares during the period. National Pension Service bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter worth $34,000. Finally, Versant Capital Management Inc increased its holdings in shares of J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock valued at $48,000 after purchasing an additional 142 shares during the period. 74.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

JBHT has been the topic of several research analyst reports. Susquehanna raised shares of J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 target price on the stock in a research note on Friday, January 3rd. Stephens reiterated an "overweight" rating and set a $205.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 17th. Evercore ISI cut their target price on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research report on Friday, January 17th. Bank of America lifted their price target on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Finally, UBS Group cut their price objective on J.B. Hunt Transport Services from $211.00 to $196.00 and set a "buy" rating for the company in a report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $191.11.

Insider Transactions at J.B. Hunt Transport Services

In related news, Director James K. Thompson sold 4,400 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total value of $771,628.00. Following the completion of the transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 700 shares of the company's stock, valued at approximately $127,904. This trade represents a 17.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,545 shares of company stock worth $1,898,942. Insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Stock Up 0.3 %

Shares of JBHT traded up $0.40 during trading hours on Tuesday, hitting $158.22. 674,244 shares of the company were exchanged, compared to its average volume of 849,449. The company has a market cap of $15.82 billion, a PE ratio of 28.60, a PEG ratio of 1.61 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.03. The firm's 50 day moving average is $170.96 and its 200-day moving average is $174.78. J.B. Hunt Transport Services, Inc. has a 52 week low of $153.12 and a 52 week high of $204.44.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The firm had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the firm earned $1.47 EPS. The firm's revenue was down 4.5% on a year-over-year basis. On average, equities research analysts forecast that J.B. Hunt Transport Services, Inc. will post 6.37 EPS for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.11%. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services's dividend payout ratio is currently 31.65%.

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.