IFM Investors Pty Ltd Buys 2,772 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

IFM Investors Pty Ltd increased its stake in shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 22.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,032 shares of the transportation company's stock after purchasing an additional 2,772 shares during the quarter. IFM Investors Pty Ltd's holdings in J.B. Hunt Transport Services were worth $2,224,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. OneDigital Investment Advisors LLC boosted its position in J.B. Hunt Transport Services by 8.0% in the 1st quarter. OneDigital Investment Advisors LLC now owns 15,364 shares of the transportation company's stock valued at $2,273,000 after buying an additional 1,142 shares during the last quarter. Teacher Retirement System of Texas bought a new position in J.B. Hunt Transport Services in the first quarter valued at about $1,746,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in J.B. Hunt Transport Services by 27.7% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,361 shares of the transportation company's stock valued at $1,533,000 after acquiring an additional 2,246 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of J.B. Hunt Transport Services by 12.8% in the 1st quarter. Vontobel Holding Ltd. now owns 1,775 shares of the transportation company's stock valued at $263,000 after purchasing an additional 202 shares during the last quarter. Finally, New Wave Wealth Advisors LLC boosted its stake in shares of J.B. Hunt Transport Services by 19.7% in the 1st quarter. New Wave Wealth Advisors LLC now owns 17,628 shares of the transportation company's stock valued at $2,608,000 after purchasing an additional 2,899 shares during the last quarter. 74.95% of the stock is currently owned by institutional investors.

J.B. Hunt Transport Services Stock Performance

Shares of J.B. Hunt Transport Services stock opened at $149.56 on Tuesday. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The stock's 50-day moving average is $141.19 and its 200-day moving average is $152.29. 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 debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its 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. The firm had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.92 billion. J.B. Hunt Transport Services had a return on equity of 14.07% and a net margin of 4.65%. Equities 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 9th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, May 9th. J.B. Hunt Transport Services's dividend payout ratio is presently 31.94%.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, COO Nicholas Hobbs purchased 1,529 shares of the business's stock in a transaction on Wednesday, April 23rd. The shares were purchased at an average cost of $130.75 per share, with a total value of $199,916.75. Following the transaction, the chief operating officer directly owned 91,847 shares of the company's stock, valued at $12,008,995.25. This represents a 1.69% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $164.00 price objective on shares of J.B. Hunt Transport Services in a research note on Monday, June 2nd. Raymond James Financial 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 research note on Friday, April 11th. Robert W. Baird assumed coverage on J.B. Hunt Transport Services in a research note on Tuesday, July 1st. They set an "outperform" rating and a $169.00 price objective for the company. Susquehanna restated a "neutral" rating and set a $155.00 target price (up previously from $140.00) on shares of J.B. Hunt Transport Services in a report on Tuesday, June 24th. Finally, UBS Group reduced their target price on J.B. Hunt Transport Services from $196.00 to $155.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, J.B. Hunt Transport Services presently has an average rating of "Moderate Buy" and a consensus target price of $163.19.

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.

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