Raymond James Financial Inc. Takes $6.03 Million Position in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Raymond James Financial Inc. bought a new stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 35,332 shares of the transportation company's stock, valued at approximately $6,030,000.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in J.B. Hunt Transport Services by 428.4% during the fourth quarter. Wellington Management Group LLP now owns 1,263,391 shares of the transportation company's stock worth $215,610,000 after acquiring an additional 1,024,295 shares during the last quarter. Norges Bank purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at $146,618,000. Thrivent Financial for Lutherans increased its stake in 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 valued at $163,237,000 after purchasing an additional 503,324 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in J.B. Hunt Transport Services by 155.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 220,840 shares of the transportation company's stock worth $37,689,000 after buying an additional 134,476 shares during the period. Finally, Invesco Ltd. boosted its stake in J.B. Hunt Transport Services by 5.1% in the 4th quarter. Invesco Ltd. now owns 2,124,425 shares of the transportation company's stock worth $362,554,000 after buying an additional 104,019 shares during the last quarter. 74.95% of the stock is owned by institutional investors and hedge funds.

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

In related news, COO Nicholas Hobbs bought 1,529 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were acquired at an average cost of $130.75 per share, for a total transaction of $199,916.75. Following the acquisition, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at $12,008,995.25. The trade was a 1.69 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Darren P. Field sold 1,200 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now owns 17,822 shares in the company, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Price Performance

JBHT traded up $0.18 on Wednesday, reaching $130.58. The company had a trading volume of 1,553,767 shares, compared to its average volume of 951,880. J.B. Hunt Transport Services, Inc. has a one year low of $122.79 and a one year high of $200.40. The company has a market capitalization of $13.06 billion, a P/E ratio of 23.49, a PEG ratio of 1.61 and a beta of 1.27. The company has a fifty day moving average of $144.44 and a 200-day moving average of $166.07. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

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 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.02. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. As a group, equities research analysts anticipate that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current year.

J.B. Hunt Transport Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, May 9th. J.B. Hunt Transport Services's payout ratio is currently 31.94%.

Analysts Set New Price Targets

Several research firms recently issued reports on JBHT. Stifel Nicolaus set a $150.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Truist Financial decreased their target price on J.B. Hunt Transport Services from $165.00 to $130.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of J.B. Hunt Transport Services in a research note on Friday, March 7th. They set a "hold" rating and a $167.00 price objective for the company. Susquehanna set a $140.00 target price on shares of J.B. Hunt Transport Services and gave the company a "neutral" rating in a research note on Wednesday, April 16th. Finally, Wells Fargo & Company decreased their target price on J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $162.20.

J.B. Hunt Transport Services Company 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.