Wells Fargo & Company MN Boosts Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Wells Fargo & Company MN grew its position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,797 shares of the transportation company's stock after buying an additional 11,090 shares during the quarter. Wells Fargo & Company MN owned 0.11% of J.B. Hunt Transport Services worth $19,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of JBHT. Geode Capital Management LLC lifted its holdings in J.B. Hunt Transport Services by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,997,568 shares of the transportation company's stock valued at $340,049,000 after acquiring an additional 8,968 shares during the period. Wellington Management Group LLP lifted its stake in shares of J.B. Hunt Transport Services by 428.4% in the 4th quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after purchasing an additional 1,024,295 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of J.B. Hunt Transport Services by 111.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 956,504 shares of the transportation company's stock worth $163,237,000 after buying an additional 503,324 shares during the last quarter. Norges Bank bought a new stake in J.B. Hunt Transport Services during the fourth quarter valued at approximately $146,618,000. Finally, Parnassus Investments LLC increased its holdings in J.B. Hunt Transport Services by 4.9% during the fourth quarter. Parnassus Investments LLC now owns 790,038 shares of the transportation company's stock valued at $134,828,000 after buying an additional 37,033 shares during the last quarter. 74.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on JBHT. Sanford C. Bernstein set a $148.00 price target on shares of J.B. Hunt Transport Services and gave the stock a "market perform" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on J.B. Hunt Transport Services in a report on Friday, March 7th. They set a "hold" rating and a $167.00 price target for the company. Wells Fargo & Company decreased their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday. Evercore ISI cut their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating for the company in a research note on Friday, January 17th. Finally, Benchmark restated a "buy" rating and set a $175.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $162.20.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded up $4.50 during mid-day trading on Friday, hitting $129.23. 1,950,062 shares of the company's stock traded hands, compared to its average volume of 939,167. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The company's 50-day moving average is $150.62 and its two-hundred day moving average is $168.08. The company has a market capitalization of $12.92 billion, a P/E ratio of 23.24, a PEG ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.02. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. On average, equities analysts anticipate 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.44 per share. 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. This represents a $1.76 dividend on an annualized basis and a yield of 1.36%. J.B. Hunt Transport Services's payout ratio is 31.94%.

Insider Buying and Selling at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $161.67, for a total transaction of $194,004.00. Following the transaction, the executive vice president now directly owns 17,822 shares in the company, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.30% 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.