Zurcher Kantonalbank Zurich Cantonalbank Buys 3,481 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,943 shares of the transportation company's stock after purchasing an additional 3,481 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in J.B. Hunt Transport Services were worth $7,329,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AlphaQuest LLC raised its position in shares of J.B. Hunt Transport Services by 343,700.0% during the 4th quarter. AlphaQuest LLC now owns 3,438 shares of the transportation company's stock worth $587,000 after purchasing an additional 3,437 shares during the last quarter. Amundi raised its holdings in shares of J.B. Hunt Transport Services by 2.9% in the fourth quarter. Amundi now owns 503,771 shares of the transportation company's stock worth $89,586,000 after acquiring an additional 14,116 shares during the last quarter. PCJ Investment Counsel Ltd. purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at $1,024,000. PNC Financial Services Group Inc. boosted its stake in shares of J.B. Hunt Transport Services by 9.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,688 shares of the transportation company's stock valued at $1,824,000 after acquiring an additional 944 shares during the last quarter. Finally, Inceptionr LLC increased its position in J.B. Hunt Transport Services by 19.7% during the 4th quarter. Inceptionr LLC now owns 1,818 shares of the transportation company's stock worth $310,000 after purchasing an additional 299 shares in the last quarter. Hedge funds and other institutional investors own 74.95% of the company's stock.

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Insiders Place Their Bets

In related news, EVP Darren P. Field sold 1,200 shares of the firm's stock in a transaction that occurred on 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 owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. This trade represents a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the transaction, the director now directly owns 23,559 shares in the company, valued at $4,131,541.83. The trade was a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

JBHT has been the subject of several recent analyst reports. Stephens restated an "overweight" rating and issued a $205.00 price target on shares of J.B. Hunt Transport Services in a report on Friday, January 17th. Evercore ISI cut their price objective on J.B. Hunt Transport Services from $207.00 to $202.00 and set an "outperform" rating on the stock in a report on Friday, January 17th. Wells Fargo & Company dropped their price objective on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their target price on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Stifel Nicolaus lowered their price target on J.B. Hunt Transport Services from $167.00 to $161.00 and set a "hold" rating for the company in a report on Wednesday, January 15th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $186.80.

J.B. Hunt Transport Services Trading Up 0.3 %

NASDAQ JBHT traded up $0.46 on Monday, hitting $149.46. 1,426,234 shares of the company were exchanged, compared to its average volume of 868,542. J.B. Hunt Transport Services, Inc. has a twelve month low of $147.00 and a twelve month high of $200.40. The company's 50 day moving average price is $168.26 and its 200-day moving average price is $173.69. The firm has a market capitalization of $14.95 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.16. 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 (NASDAQ:JBHT - Get Free Report) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.62 by ($0.09). The business had revenue of $3.15 billion during the quarter, compared to analysts' expectations of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. J.B. Hunt Transport Services's revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.47 EPS. Analysts predict that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. 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.