AQR Capital Management LLC Buys 42,095 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

AQR Capital Management LLC grew its holdings in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 324,639 shares of the transportation company's stock after buying an additional 42,095 shares during the quarter. AQR Capital Management LLC owned 0.32% of J.B. Hunt Transport Services worth $55,403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JBHT. Smartleaf Asset Management LLC increased its position in shares of J.B. Hunt Transport Services by 33.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after purchasing an additional 86 shares during the last quarter. Abound Wealth Management raised its stake in J.B. Hunt Transport Services by 145,850.0% during the fourth quarter. Abound Wealth Management now owns 2,919 shares of the transportation company's stock valued at $498,000 after buying an additional 2,917 shares in the last quarter. LPL Financial LLC lifted its holdings in J.B. Hunt Transport Services by 56.7% during the 4th quarter. LPL Financial LLC now owns 69,200 shares of the transportation company's stock worth $11,810,000 after buying an additional 25,034 shares during the last quarter. Keybank National Association OH bought a new stake in shares of J.B. Hunt Transport Services in the 4th quarter valued at approximately $255,000. Finally, Merit Financial Group LLC bought a new position in J.B. Hunt Transport Services during the fourth quarter worth $253,000. Institutional investors own 74.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Bank of America decreased their price target on shares of J.B. Hunt Transport Services from $189.00 to $170.00 and set a "buy" rating for the company in a report on Monday, March 17th. The Goldman Sachs Group reduced their price objective on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company reduced their price target on shares of J.B. Hunt Transport Services from $170.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. TD Cowen dropped their price target on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a "hold" rating on the stock in a research note on Wednesday, April 16th. Finally, Raymond James decreased their price objective on J.B. Hunt Transport Services from $190.00 to $165.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $162.20.

Insider Buying and Selling

In related news, EVP Darren P. Field sold 1,200 shares of the business'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 directly owns 17,822 shares of the company's stock, valued at approximately $2,881,282.74. The trade was a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Nicholas Hobbs bought 1,529 shares of the firm's stock in a transaction on Wednesday, April 23rd. The shares were bought at an average cost of $130.75 per share, with a total value of $199,916.75. Following the purchase, the chief operating officer now directly owns 91,847 shares in the company, valued at approximately $12,008,995.25. This trade represents a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.30% of the company's stock.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded up $1.81 during mid-day trading on Wednesday, reaching $132.68. The company had a trading volume of 182,793 shares, compared to its average volume of 959,062. J.B. Hunt Transport Services, Inc. has a 1-year low of $122.79 and a 1-year high of $200.40. The stock has a market cap of $13.16 billion, a PE ratio of 23.86, a P/E/G ratio of 1.61 and a beta of 1.33. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $142.14 and a two-hundred day moving average price of $164.77.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The business had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. On average, equities 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 firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.33%. J.B. Hunt Transport Services's dividend payout ratio is 31.94%.

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.