Worldquant Millennium Advisors LLC Invests $1.47 Million in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Worldquant Millennium Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,528 shares of the transportation company's stock, valued at approximately $1,470,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings in J.B. Hunt Transport Services by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 3,374,724 shares of the transportation company's stock worth $581,567,000 after acquiring an additional 22,563 shares during the last quarter. State Street Corp boosted its stake in shares of J.B. Hunt Transport Services by 0.6% in the 3rd quarter. State Street Corp now owns 3,289,874 shares of the transportation company's stock valued at $566,944,000 after purchasing an additional 19,826 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of J.B. Hunt Transport Services by 6.7% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,685,068 shares of the transportation company's stock valued at $269,611,000 after purchasing an additional 105,500 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of J.B. Hunt Transport Services by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,446,351 shares of the transportation company's stock valued at $231,416,000 after purchasing an additional 5,179 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of J.B. Hunt Transport Services by 25.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 953,749 shares of the transportation company's stock valued at $152,589,000 after purchasing an additional 193,684 shares during the last quarter. Institutional investors own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Up 0.8 %

Shares of NASDAQ:JBHT traded up $1.39 during midday trading on Monday, hitting $182.38. The stock had a trading volume of 663,806 shares, compared to its average volume of 859,572. J.B. Hunt Transport Services, Inc. has a 12 month low of $153.12 and a 12 month high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The business's 50-day simple moving average is $180.06 and its 200-day simple moving average is $170.33. The company has a market cap of $18.39 billion, a P/E 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 for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The business had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.04 billion. During the same period last year, the business earned $1.80 earnings per share. On average, sell-side analysts forecast that J.B. Hunt Transport Services, Inc. will post 5.7 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on JBHT shares. Susquehanna raised their target price on shares of J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. TD Cowen increased 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 research report on Wednesday, October 16th. Stephens reiterated an "overweight" rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report 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 company a "hold" rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus increased their price target on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $190.11.

Insiders Place Their Bets

In related news, EVP Spencer Frazier sold 2,200 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the transaction, the executive vice president now owns 4,050 shares of the company's stock, valued at $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Bracy sold 1,614 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $189.87, for a total value of $306,450.18. Following the transaction, the senior vice president now directly owns 8,235 shares of the company's stock, valued at approximately $1,563,579.45. The trade was a 16.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,459 shares of company stock valued at $2,136,277 over the last ninety days. 2.10% of the stock is currently owned by company insiders.

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.