Canada Pension Plan Investment Board Raises Stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Canada Pension Plan Investment Board increased its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 113.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,831 shares of the transportation company's stock after purchasing an additional 48,813 shares during the quarter. Canada Pension Plan Investment Board owned about 0.09% of J.B. Hunt Transport Services worth $15,672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. National Pension Service bought a new position in J.B. Hunt Transport Services in the 4th quarter worth about $30,000. BankPlus Trust Department bought a new position in shares of J.B. Hunt Transport Services in the fourth quarter valued at approximately $34,000. Versant Capital Management Inc grew its stake in J.B. Hunt Transport Services by 102.2% during the fourth quarter. Versant Capital Management Inc now owns 281 shares of the transportation company's stock valued at $48,000 after acquiring an additional 142 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in J.B. Hunt Transport Services by 68.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 329 shares of the transportation company's stock valued at $56,000 after acquiring an additional 134 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in J.B. Hunt Transport Services by 33.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 340 shares of the transportation company's stock worth $58,000 after acquiring an additional 86 shares during the period. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Trading Down 2.4 %

Shares of J.B. Hunt Transport Services stock traded down $3.25 during trading on Friday, reaching $129.73. 1,960,357 shares of the stock were exchanged, compared to its average volume of 950,634. J.B. Hunt Transport Services, Inc. has a 1 year low of $122.79 and a 1 year high of $200.40. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The stock's fifty day moving average is $146.71 and its 200 day moving average is $166.83.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.02. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.92 billion. As a group, equities research analysts expect that J.B. Hunt Transport Services, Inc. will post 6.37 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 31.94%.

Analyst Ratings Changes

JBHT has been the subject of a number of recent analyst reports. Bank of America reduced 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 research report on Monday, March 17th. Stifel Nicolaus set a $150.00 price target on J.B. Hunt Transport Services in a research report on Wednesday, April 16th. Stephens dropped their target price on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup cut their price target on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Ten analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.20.

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

In related news, COO Nicholas Hobbs purchased 1,529 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Wednesday, April 23rd. The shares were bought at an average price of $130.75 per share, for a total transaction of $199,916.75. Following the completion of the transaction, the chief operating officer now directly owns 91,847 shares of the company's stock, valued at $12,008,995.25. This represents a 1.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of 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 disclosure for this sale can be found here. Insiders own 2.30% of the company's stock.

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.